Two-Family Property with
For Sale
$439,999
47 Lakeside Ave, Webster, MA 01570
One residence is tenant-occupied, while the second provides an owner-occupancy option with three bedrooms.
Property Size1,680 SF
Price / SF$261.90
Days on Market49
Property Features for 47 Lakeside Ave
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
solar panels
Building Details
Year Built
1957
Listing Agency:
Property Investors & Advisors, LLC
(774) 413-0272
Listed By:
Marleny Ravelo
(774) 535-6257
Source:
Lockandkeyre
Added: Sep 3
Changed: Oct 19
Last Checked: Oct 20 at 9:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Property Investors & Advisors, LLC
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Investment Insights
Based on property information with market context.
Built in 1957, this two-family residential property at 47 Lakeside Ave includes two separate units with distinct bedroom layouts. The first unit has 2 bedrooms and 1 full bath and is currently tenant-occupied. The second offers 3 bedrooms and 1 full bath, providing a separate option for an owner-occupant or rental use. The property is being sold as-is and includes leased solar panels that transfer to the new owner at closing.
The property is in Webster, MA, with nearby water views. WalkScore is 2, reflecting a car-dependent setting, while BikeScore is 1 and classified as somewhat bikeable.
The property is in Webster, MA, with nearby water views. WalkScore is 2, reflecting a car-dependent setting, while BikeScore is 1 and classified as somewhat bikeable.
Key Highlights
- Two‑family property at 47 Lakeside Ave, Webster, MA 01570
- Unit 1 has 2 bedrooms and 1 full bath and is tenant‑occupied
- Unit 2 includes 3 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,710
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,200
$454.2K
Cap Rate 7%
$324,429
$324.4K
Cap Rate 9%
$252,333
$252.3K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$33.3K $19.80/SF
− Vacancy
−$822 −$0.49/SF
EGI
$32.4K $19.31/SF
− OpEx
−$9.7K −$5.79/SF
NOI
$22.7K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,200
Cap Rate 7%
$324,429
Cap Rate 9%
$252,333
Alternative Uses
Best Use
Multifamily LT 5
$324.4K
$283.9K – $378.5K
NOI $22,710 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$282.3K
$247.0K – $329.4K
NOI $19,763 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$573.7K
$502.0K – $669.3K
NOI $40,159 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
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Business Placement
Demographics for 01570, MA
17,776
Population
8,211
Households
2.2
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
12.4 sq mi
ZIP Area
1,434
Density / Sq Mi
$68,934
Median Household Income
$43,595
Median Earnings
$1,135
Median Rent
$339,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is tenant-occupied, while the second provides an owner-occupancy option with three bedrooms.
Where is this duplex located?
The property is located at 47 Lakeside Ave Webster, MA.
What is the asking price?
The asking price for this property is $439,999.
What are key features of this property?
This property features: Two‑family property at 47 Lakeside Ave, Webster, MA 01570; Unit 1 has 2 bedrooms and 1 full bath and is tenant‑occupied; Unit 2 includes 3 bedrooms and 1 full bath
