1. Massachusetts
  2. Webster
  3. 51 Prospect St
$895,000

51 Prospect St, Webster, MA 01570

  • 11 beds |
  • 7 baths |
  • 6,520 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1880
  • Property Lot Size Icon1.16acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $137/sqft
  • Property List Date Icon Listed 20 days ago

Property Description

Perched on a prominent hilltop corner, this stately and substantial 7-unit brick building commands attention with its high-visibility location and classic architecture. Currently operated as a solid multifamily investment with off-street parking, the property offers both stable income and significant upside. Its generous footprint and strategic corner location make it a prime candidate for commercial redevelopment. Several units are occupied by long-term tenants paying well below market rents, presenting an immediate value-add opportunity through rent increases or unit turnover. Whether you're an investor looking to boost cash flow or a developer seeking a future transformation project, this property offers a rare combination of existing stability and long-term potential.

Listing Status:
Pending
Date Added:
May 19, 2025 at 05:00AM
Listing Office:
7 Hills Real Estate : 508-340-4700
Listing Agent:
Edward Murphy : 508-754-0077
MLS ID:
73374822

This listing courtesy of Edward Murphy, 7 Hills Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Park Avenue Elementary School

58 Park Ave, Webster, MA, 01570

Grades PK-4

0.56 miles away

W

Webster Middle School

75 Poland St, Webster, MA, 01570

Grades 5-8

0.81 miles away

B

Bartlett High School

52 Lake Pkwy, Webster, MA, 01570

Grades 9-12

0.89 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.