Updated Duplex with Detached
For Sale
$449,950
5 Summit Street, Webster, MA 01570
Two updated three-bedroom units offer flexible owner-occupant or rental configurations with separate boilers and off-street parking.
Property Size1,937 SF
Price / SF$232.29
Days on Market158
Property Features for 5 Summit Street
General Information
Standard status
Active
Size
1,937 SF
Total Parking Spaces
4
Property subtype
Multi-family / 2 Family
Zoning
MR
Net Operating Income
$19,200
Units
Unit Mix
3BR/1BA, 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,449
Amenities
partially fenced-in yard
detached garage
off-street parking
City/Town Sewer, Public
Yes, Yes, 1.00, Paved Drive, Paved Drive
No
3.0
Crawl, Interior Access, Concrete Floor
3
3.00
Frame
Shingle
Level
Lake/Pond, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Building Details
Year Built
1920
Buildings
1
Listing Agency:
The Neighborhood Realty Group
(508) 459-1876
Listed By:
Cida DaSilva · License #9070687
(508) 459-1876
Source:
Compass
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 30 at 4:50AM
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 The Neighborhood Realty Group
Investment Insights
Based on property information with market context.
This 1,937-square-foot duplex, built in 1920, contains two three-bedroom units. One apartment has 1 full bathroom, while the other includes 2 full bathrooms. Improvements include two new kitchens, new bathrooms, fresh interior paint, a new roof, and updated plumbing with separate boilers. The property also provides a detached garage, a partially fenced yard, and off-street parking.
The home is located at 5 Summit Street in Webster, Massachusetts, with a lake or pond and a publicly owned beach located 0 to 1/10 mile away. The property is zoned MR and includes a crawl space with interior access and a concrete floor. Its duplex layout supports either separate rental occupancy or combined owner-occupant use, subject to applicable requirements.
The home is located at 5 Summit Street in Webster, Massachusetts, with a lake or pond and a publicly owned beach located 0 to 1/10 mile away. The property is zoned MR and includes a crawl space with interior access and a concrete floor. Its duplex layout supports either separate rental occupancy or combined owner-occupant use, subject to applicable requirements.
Key Highlights
- Two‑unit property with 3 bedrooms in each apartment
- 1,937 SF duplex built in 1920
- Unit mix includes 1 full bathroom on one side and 2 full bathrooms on the other
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
$26,184
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
5.82%
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%
$523,680
$523.7K
Cap Rate 7%
$374,057
$374.1K
Cap Rate 9%
$290,933
$290.9K
Market Conditions
NOI Build-Up for 1,937 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
$38.4K $19.80/SF
− Vacancy
−$947 −$0.49/SF
EGI
$37.4K $19.31/SF
− OpEx
−$11.2K −$5.79/SF
NOI
$26.2K $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%
$523,680
Cap Rate 7%
$374,057
Cap Rate 9%
$290,933
Alternative Uses
Best Use
Multifamily LT 5
$374.1K
$327.3K – $436.4K
NOI $26,184 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$325.5K
$284.8K – $379.8K
NOI $22,787 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$661.5K
$578.8K – $771.7K
NOI $46,302 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
328
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated three-bedroom units offer flexible owner-occupant or rental configurations with separate boilers and off-street parking.
Where is this duplex located?
The property is located at 5 Summit Street Webster, MA.
What is the asking price?
The asking price for this property is $449,950.
What are key features of this property?
This property features: Two‑unit property with 3 bedrooms in each apartment; 1,937 SF duplex built in 1920; Unit mix includes 1 full bathroom on one side and 2 full bathrooms on the other
