Two-Family Residential Income
491 Webster St Rockland, MA 02370
491 Webster St, Rockland, MA, 02370
$675,000
Pending
For Sale
$675,000
Pending
Two well-maintained units offer a 2-bedroom, 1.5-bath first floor and a larger 7-room, 4-bedroom second floor.
Property Size2,253 SF
Days on Market84
Property Features for 491 Webster St
General Information
- Standard status
- Pending
- Size
- 2,253 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1798
Listing agency
Redfin Corp.
(617) 529-8833
Listed by
Deborah Wessling
(617) 529-8833
Source
Lockandkeyre
Added: Apr 30 Updated: Jul 22 at 9:50AM Checked: Jul 22 at 9:50AM
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 Redfin Corp.
Investment Insights
Based on property information with market context.
This well-maintained two-family offering includes a first-floor unit with 2 bedrooms, 1.5 baths, and an eat-in kitchen. The second-floor unit provides 7 rooms, including 4 bedrooms and 1 bath, offering flexibility for extended living or rental use.
The property is set on a generously sized lot with potential for ADUs, with buyer responsible for due diligence. A detached 2-car garage is included for storage or redevelopment, though it is noted to be in need of renovation.
Conveniently located with easy access to Route 3, the home is just minutes from Derby Street Shops, Hanover Crossing, and a range of restaurants, shopping, and everyday amenities.
The property is set on a generously sized lot with potential for ADUs, with buyer responsible for due diligence. A detached 2-car garage is included for storage or redevelopment, though it is noted to be in need of renovation.
Conveniently located with easy access to Route 3, the home is just minutes from Derby Street Shops, Hanover Crossing, and a range of restaurants, shopping, and everyday amenities.
Key Highlights
- Two‑family property built in 1798 with two separate units
- First‑floor unit: 2 bedrooms, 1.5 baths, and an eat‑in kitchen
- Second‑floor unit: 7 rooms including 4 bedrooms and 1 bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.5k | $25.50 |
| − Vacancy | −$3.1k | −$1.36 |
| EGI | $54.4k | $24.14 |
| − OpEx | −$16.3k | −$7.24 |
| NOI | $38.1k | $16.90 |
2,253 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.0K
$476.0K – $634.6K
NOI $38,077 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$501.3K
$438.7K – $584.9K
NOI $35,093 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,364 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two well-maintained units offer a 2-bedroom, 1.5-bath first floor and a larger 7-room, 4-bedroom second floor.
Where is this duplex located?
The property is located at 491 Webster St Rockland, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑family property built in 1798 with two separate units; First‑floor unit: 2 bedrooms, 1.5 baths, and an eat‑in kitchen; Second‑floor unit: 7 rooms including 4 bedrooms and 1 bath
