Renovated Triplex with
New
For Sale
$579,900
47 Lincoln St, Webster, MA 01570
Three residential units include updated interiors and basement laundry.
Property Size2,886 SF
Days on Market2
Property Features for 47 Lincoln St
General Information
Standard status
Active
Size
2,886 SF
Total Parking Spaces
6
Property subtype
Investment
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,691
Amenities
coin-operated washers and dryers
backyard
Building Details
Building Size
2,886 SF
Year Built
1900
Buildings
1
Stories
3
Units
3
Tenancy
Multi
Listed By:
Elzbieta Knutelski
(508) 414-7014
Source:
Elliman
Added: Sep 15
Last Checked: Sep 15 at 2:26PM
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 Elzbieta Knutelski
Investment Insights
Based on property information with market context.
This three-unit residential property, built in 1900, offers a mix of updated and well-maintained apartment interiors. The first-floor unit was renovated last year with a new central heating system, kitchen cabinetry, stainless steel appliances, refinished hardwood floors, and fresh professional paint. The third floor also received updates, including new heating equipment, appliances, paint, and refinished floors. The second-floor apartment is described as clean and well maintained, with long-term tenants in place.
The basement includes coin-operated laundry equipment. The property also provides a backyard and parking for 5–6 cars. Located on Lincoln St in Webster, the property offers access to highways and is within walking distance of shopping and restaurants, with schools and parks nearby. All three apartments are currently rented, with the first-floor occupant expected to move out at the end of October.
The basement includes coin-operated laundry equipment. The property also provides a backyard and parking for 5–6 cars. Located on Lincoln St in Webster, the property offers access to highways and is within walking distance of shopping and restaurants, with schools and parks nearby. All three apartments are currently rented, with the first-floor occupant expected to move out at the end of October.
Key Highlights
- Three‑unit property built in 1900
- First‑floor apartment renovated last year with new central heating, cabinetry, appliances, refinished floors, and professional paint
- Third‑floor apartment updated last year with new heater, appliances, paint, and refinished floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,012
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$780,240
$780.2K
Cap Rate 7%
$557,314
$557.3K
Cap Rate 9%
$433,467
$433.5K
Market Conditions
NOI Build-Up for 2,886 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.1K $19.80/SF
− Vacancy
−$1.4K −$0.49/SF
EGI
$55.7K $19.31/SF
− OpEx
−$16.7K −$5.79/SF
NOI
$39.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$780,240
Cap Rate 7%
$557,314
Cap Rate 9%
$433,467
Alternative Uses
Best Use
Multifamily LT 5
$557.3K
$487.7K – $650.2K
NOI $39,012 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$485.0K
$424.4K – $565.9K
NOI $33,951 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$985.5K
$862.3K – $1.15M
NOI $68,987 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include updated interiors and basement laundry.
Where is this triplex located?
The property is located at 47 Lincoln St Webster, MA.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: Three‑unit property built in 1900; First‑floor apartment renovated last year with new central heating, cabinetry, appliances, refinished floors, and professional paint; Third‑floor apartment updated last year with new heater, appliances, paint, and refinished floors
