408 School Street Webster — Photo 1 of 20
$399,000
Investment Analysis — 408 School Street
Webster, MA 01570
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a 2-unit multi-family in 01570 carries an estimated $4,120/mo in gross rent — about a 8.31% cap rate and $33,148/yr in estimated NOI at the $399,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2
SqFt
2,848
Style
Multi Family
Built
1880
Attention investors, contractors, house hackers! Opportunity is waiting on this Webster corner lot. This separately metered two family is sold as-is and priced for a buyer with vision who is looking for a value add property. Roll up your sleeves and turn sweat equity into real equity. Inside are six bedrooms and two full baths spread across two generous units of roughly 1,200 sq ft each. The full unfinished basement has plenty of room for storage and laundry. Two off street parking spaces sit on a 7,900 sq ft corner lot. Minutes from Webster Lake, the shops and restaurants of downtown, and Route 395 and Route 16, with an easy drive to Worcester and Providence. Buyer and buyer's agent to perform own due diligence.
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$399,000
Sep 18, 2026
MLS® 73579666
$360,540
Sep 30, 2025
MLS® 73416984
$360,540
Aug 12, 2025
MLS® 73416984
Listing Agent: Vip Group
Listing Office: Moor Realty Group
MLS® Number: 73579666
