Updated Duplex in Webster,
85-87 Slater Street Webster, MA 01570
85-87 Slater Street, Webster, MA, 01570
$425,000
Pending
For Sale
$425,000
Pending
Partially updated 2-family property with immediate cash flow potential.
Property Size2,980 SF
Days on Market58
Property Features for 85-87 Slater Street
General Information
- Standard status
- Pending
- Size
- 2,980 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1800
Listing agency
The Neighborhood Realty Group
(508) 459-1876
Listed by
Brian Carpenter · License #9552537
(508) 459-1876
Source
Compass
Added: May 25 Updated: Jul 10 at 1:41PM Checked: Jul 21 at 6:26AM
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 partially updated two-family property is located in Webster, MA. Each unit features 3 bedrooms and 1.5 baths. The property offers spacious layouts and off-street parking. Numerous updates have already been completed. The property is located in close proximity to a local park and offers strong tenant appeal in a commuter-friendly location. The property size is 2980 square feet.
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 |
2,980 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$575.5K
$503.5K – $671.4K
NOI $40,283 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$500.8K
$438.2K – $584.3K
NOI $35,057 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$1.02M
$890.4K – $1.19M
NOI $71,234 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Partially updated 2-family property with immediate cash flow potential.
Where is this duplex located?
The property is located at 85-87 Slater Street Webster, MA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 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.
