60 Wakefield Ave Webster Lake Webster — Photo 1 of 26
$525,000
Investment Analysis — 60 Wakefield Ave Webster Lake
Webster, MA 01570
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01570 carries an estimated $1,290/mo in gross rent — about a 1.82% cap rate and $9,565/yr in estimated NOI at the $525,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
--
SqFt
--
Style
Residential
Built
--
RARE WEBSTER LAKE DEVELOPMENT OPPORTUNITY ~ Two (2) Strategic Building Lots with Direct Waterfront Ownership. Discover an unmatched real estate package combining the financial benefits of off-water property taxes with the luxury of premium, direct Webster Lake access. This rare offer features two cleared, build-ready contiguous lots paired with a commanding 2/3 fractional ownership interest in a prime waterfront parcel (Lot 4), complete with a private beach and boat dock. Building Lot 1 (Parcel I): 8,097 SF Building Lot 2 (Parcel II): 8,080 SF Total Combined Land Area: 16,177 SF (0.38 acres) boasting a substantial 241 feet of road frontage on Wakefield. Save time and development costs with available town water and town sewer at the street. Walk literally steps from your front door to waterfront Lot 4, a 1,272 SF direct waterfront lot featuring 61.81 feet of pristine lake frontage. Enjoy a private sandy beach and an established boat dock for seamless days on the water. Nestled in a highly desirable neighborhood, this property seamlessly blends recreation with effortless commuting. It is situated just minutes from I-395, offering quick access to shopping, dining, and regional amenities. So, why pay premium waterfront taxes when you can enjoy the exact same lifestyle for less? Building on these parcels grants you full, unrestricted access to the prestigious lake lifestyle while capitalizing on the significantly lower taxes of off-water lots.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Listing Agent: Bryan Pelletier
Listing Office: Hope Real Estate Group, Inc.
MLS® Number: 73564208