Triplex with Detached
For Sale
$399,000
7 Slater, Webster, MA 01570
Three residential units, business zoning, and a detached two-car garage create a flexible property configuration.
Property Size2,384 SF
Days on Market16
Property Features for 7 Slater
General Information
Standard status
Active
Size
2,384 SF
Total Parking Spaces
2
Property subtype
Investment
Zoning
business
Units
Unit Mix
3BR, 2BR, efficiency
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Building Size
2,384 SF
Year Built
1880
Stories
4
Units
3
Listed By:
Lynda Hafner · License #453013158
(508) 942-7923
Source:
Elliman
Added: Sep 21
Changed: Oct 3
Last Checked: Oct 5 at 7:24PM
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 Lynda Hafner
Investment Insights
Based on property information with market context.
This triplex contains three residential units: one with three bedrooms, one with two bedrooms, and one efficiency. Two units are occupied by long-term tenants. The property also includes a detached two-car garage and was built in 1880.
Business zoning is in place, and the property is near Rt 395, shopping, and restaurants. The three-unit layout provides distinct residential spaces within a single property, while the garage adds separate storage or parking capacity.
Business zoning is in place, and the property is near Rt 395, shopping, and restaurants. The three-unit layout provides distinct residential spaces within a single property, while the garage adds separate storage or parking capacity.
Key Highlights
- Three residential units: one 3‑bedroom, one 2‑bedroom, and one efficiency
- Two units occupied by long‑term tenants
- Business zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,226
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,520
$644.5K
Cap Rate 7%
$460,371
$460.4K
Cap Rate 9%
$358,067
$358.1K
Market Conditions
NOI Build-Up for 2,384 SF
Gross rent
$47.2K $19.80/SF
− Vacancy
−$1.2K −$0.49/SF
EGI
$46.0K $19.31/SF
− OpEx
−$13.8K −$5.79/SF
NOI
$32.2K $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 Rate 5%
$644,520
Cap Rate 7%
$460,371
Cap Rate 9%
$358,067
Alternative Uses
Best Use
Multifamily LT 5
$460.4K
$402.8K – $537.1K
NOI $32,226 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$400.6K
$350.6K – $467.4K
NOI $28,045 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$814.1K
$712.3K – $949.8K
NOI $56,987 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
534
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?
Triplex - Three residential units, business zoning, and a detached two-car garage create a flexible property configuration.
Where is this triplex located?
The property is located at 7 Slater Webster, MA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three residential units: one 3‑bedroom, one 2‑bedroom, and one efficiency; Two units occupied by long‑term tenants; Business zoning
