85-87 Slater Street Webster, MA 01570
Partially updated 2-family property with immediate cash flow potential.
Property Features for 85-87 Slater Street
General Information
- Standard status
- Active
- Size
- 2,980 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1800
Listing office The Neighborhood Realty Group (508) 459-1876
Listing date May 25, 2026
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Immediate cash flow potential in a desirable location.
- Two units, each with 3 bedrooms and 1.5 baths.
- Partially updated, offering a turnkey opportunity with further value‑add potential.
Local Financial Insights For Apartment 5plus
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 | $65.4k | $21.96 |
| − Vacancy | −$1.7k | −$0.57 |
| EGI | $63.7k | $21.39 |
| − OpEx | −$28.7k | −$9.63 |
| NOI | $35.1k | $11.76 |
