Renovated Triplex with
47 Lincoln St, Webster, MA 01570
For Sale
$579,900
Pending
Three residential units include updated interiors and basement laundry.
Property Size2,886 SF
Days on Market58
Property Features for 47 Lincoln St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Highway Access
Road Access
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
coin-operated washers and dryers
backyard
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listed By:
Elzbieta Knutelski
(508) 414-7014
Source:
Elliman
Added: Sep 15
Changed: Nov 5
Last Checked: Nov 10 at 7:05AM
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
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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 / Yr
$39,012
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
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
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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
$339,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Worcester County, MA
Properties on Market for Triplexes in Worcester County
Vacancy Rate% for Multifamily in Northeast region
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
