Duplex with Walk-Up
New
For Sale
$515,000
547 School Street, Webster, MA 01570
Two matching apartments offer separate gas and electric meters, with one unit vacant and the other tenant-occupied.
Property Size3,180 SF
Price / SF$161.95
Days on Market6
Property Features for 547 School Street
General Information
Standard status
Active
Size
3,180 SF
Total Parking Spaces
6
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Byrnes Real Estate Group LLC
Listed By:
Ariana Simancas · License #9576229
(857) 719-6683
Source:
Cambridgerealty
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 9:44AM
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 Byrnes Real Estate Group LLC
Investment Insights
Based on property information with market context.
This 1920 duplex contains two matching apartments, each with three bedrooms and one bathroom, across 3,180 square feet. One apartment is tenant-occupied, while the other will be delivered vacant. A walk-up attic, detached one-car garage, and off-street parking for five vehicles round out the property.
The building has separate gas and electric meters and is served by public water and sewer. I-395, Route 12, and Webster Lake are nearby.
The building has separate gas and electric meters and is served by public water and sewer. I-395, Route 12, and Webster Lake are nearby.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 bathroom
- 3,180 square feet; built in 1920
- One tenant‑occupied apartment and one to be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,986
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,720
$859.7K
Cap Rate 7%
$614,086
$614.1K
Cap Rate 9%
$477,622
$477.6K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$63.0K $19.80/SF
− Vacancy
−$1.6K −$0.49/SF
EGI
$61.4K $19.31/SF
− OpEx
−$18.4K −$5.79/SF
NOI
$43.0K $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%
$859,720
Cap Rate 7%
$614,086
Cap Rate 9%
$477,622
Alternative Uses
Best Use
Multifamily LT 5
$614.1K
$537.3K – $716.4K
NOI $42,986 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$534.4K
$467.6K – $623.5K
NOI $37,409 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$1.09M
$950.2K – $1.27M
NOI $76,015 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
195
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching apartments offer separate gas and electric meters, with one unit vacant and the other tenant-occupied.
Where is this duplex located?
The property is located at 547 School Street Webster, MA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 bathroom; 3,180 square feet; built in 1920; One tenant‑occupied apartment and one to be delivered vacant
