Investor's dream! This fully updated and occupied 5-unit multifamily property offers a strong rent roll and zero deferred maintenance, perfect for seasoned investors or first-time multifamily buyers. Each unit has been modernized with updated interiors, while plumbing and electrical systems have been fully upgraded for long-term peace of mind. The building features a fully installed sprinkler system for enhanced safety and code compliance, with on street parking. Whether you're looking to expand your portfolio or start generating passive income right away, this turnkey property delivers stability, cash flow, and low maintenance. Close to major highways and local shopping.
Multi-familyProperty Type
1908Year Built
5,793 sq ftLot Size
$150Price/Sq.Ft.
2 spacesParking
Listed by Erika Ramsland• Byrnes Real Estate Group LLC
Attention Investors! Great investment property needs some care but major items has been done such as Sprinkler System, Plumbing, Electrical upgrade, windows and much more. Buyer needs to perform due diligence at buyer's expense. Buyer to verify all listing information. Very good income potential. CASH OR REHAB loans only. SOLD AS IS CONDITION - Bring a flashlight for some areas- Lock all doors and put the key on lockbox scramble the numbers - Do NOT turn lights off ***SELLER WILL REVIEW OFFERS ON TUESDAY SEPTEMBER 18TH(Seller reserves the right to accept an offer at any time provided all documents are in order) *** PLEASE INCLUDE AGENCY DISCLOSURE- PROOF OF FUNDS(letter from the bank/ no bank statements) OR PRE-APPROVAL LETTER - OFFER TO PURCHASE CONTRACT -EMD CHECK - LEAD PAINT
MLS PIN #71626974
Jun 13, 2014
Sold
$51,000
$11/sq ft
Apr 9, 2014
Contingent
—
Jan 27, 2014
Listed
$69,000
$15/sq ft
+11
Great home for contractor/builder/investor. 4-Family conveniently located to town amenities. Large back yard. Home in need of total rehab. Some fire damage, missing copper pipes and clean out needed. Smoke certificate is buyer’s responsibility. Buyer needs to perform all due diligence at buyer’s expense and to verify all listing info. Listing agent does not warrant listing. Property being sold AS IS condition. CASH or REHAB loans only. This was a money making property when fully occupied. Property has very good income potential.
MLS PIN #71215421
Aug 22, 2011
Sold
$55,000
$12/sq ft
Aug 13, 2011
Contingent
—
Jul 15, 2011
Price Changed
$57,000
$12/sq ft
Jun 9, 2011
Price Changed
$84,900
$19/sq ft
May 14, 2011
Price Changed
$110,000
$24/sq ft
Apr 12, 2011
Listed
$124,900
$27/sq ft
MLS PIN #30491970
Jul 5, 2001
Sold
$95,000
$21/sq ft
Apr 6, 2001
Listing Removed
—
Apr 5, 2001
Listed
$109,900
$24/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$1,795 (+12.0%)
$45,400 + $98,200
$143,600
2022
$1,603 (+7.8%)
$44,100 + $70,700
$114,800
2021
$1,487 (−8.8%)
$44,100 + $54,400
$98,500
2020
$1,631 (−0.1%)
$44,100 + $64,200
$108,300
2019
$1,633 (−43.8%)
$44,100 + $62,400
$106,500
2018
$2,907 (+0.9%)
$44,100 + $144,800
$188,900
2017
$2,881 (+63.0%)
$43,200 + $147,200
$190,400
2016
$1,768 (+145.2%)
$43,200 + $73,600
$116,800
2015
$721 (−17.0%)
$42,300 + $6,800
$49,100
2014
$869 (−44.5%)
$38,900 + $26,500
$65,400
2013
$1,565 (−33.9%)
$38,900 + $86,600
$125,500
2012
$2,367 (+1.1%)
$36,800 + $164,100
$200,900
2011
$2,341 (+0.3%)
$45,700 + $164,100
$209,800
2010
$2,334 (+7.2%)
$49,600 + $189,300
$238,900
2009
$2,178
$51,300 + $196,200
$247,500
Tax history for 31 Prospect St
Year
Property tax
Land + Additions
Assessment*
2023
$1,795 (+12.0%)
$45,400 + $98,200
$143,600
2022
$1,603 (+7.8%)
$44,100 + $70,700
$114,800
2021
$1,487 (−8.8%)
$44,100 + $54,400
$98,500
2020
$1,631 (−0.1%)
$44,100 + $64,200
$108,300
2019
$1,633 (−43.8%)
$44,100 + $62,400
$106,500
2018
$2,907 (+0.9%)
$44,100 + $144,800
$188,900
2017
$2,881 (+63.0%)
$43,200 + $147,200
$190,400
2016
$1,768 (+145.2%)
$43,200 + $73,600
$116,800
2015
$721 (−17.0%)
$42,300 + $6,800
$49,100
2014
$869 (−44.5%)
$38,900 + $26,500
$65,400
2013
$1,565 (−33.9%)
$38,900 + $86,600
$125,500
2012
$2,367 (+1.1%)
$36,800 + $164,100
$200,900
2011
$2,341 (+0.3%)
$45,700 + $164,100
$209,800
2010
$2,334 (+7.2%)
$49,600 + $189,300
$238,900
2009
$2,178
$51,300 + $196,200
$247,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
10
Baths
5
Stories
3
Lot width
—
Lot depth
—
Lot size
5,663 Sq. Ft.
Year renovated
1969
Sq. Ft.
4,644
Year built
1908
Style
Multi-Family (5+ Unit)
County
Worcester County
APN
1746414
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2023.
Property details
Parking
Parking Information
Has Open Parking
Parking Spaces: 2
Interior
Bathroom Information
# of Bathrooms (Full): 5
Basement Information
Basement: Full
Interior Features
# of Rooms (Total): 20
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #3 Information
# of Levels: 2
# of Floors: 2
Lease: Y
Unit #4 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Exterior
Building Information
Building Area (Total): 4,572
Foundation Details: Stone
Stories (Total): 6
Year Built Source: Public Records
Year Built Details: Actual
Exterior Features
Roof: Shingle
Patio And Porch Features: Porch
Exterior Features: Rain Gutters
Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down
Lot Information
Lot Size (Acres): 0.13
Lot Features: Gentle Sloping
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $4,309
Tax Year: 2025
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Has Heating
Heating: Electric
Location
Location Information
Directions: Use GPS
UnparsedAddress: 31 Prospect St, Webster MA 01570
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Highway Access, Public School
Public facts
Beds: 10
Baths: 5.0
Sq. Ft.: 4,644
Stories: 3.0
Lot Size: 5,663 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1908
Year Renovated: 1969
County: Worcester County
APN: 1746414
Home facts updated by county records on Jul 21, 2023
Other
Listing Information
Exclusions: Tenants Personal Belongings.
StandardStatus: Closed
Around this home
Schools
Park Avenue Elementary School
Public PreK-4 • Assigned • 0.5mi
5/10
Webster Middle School
Public 5-8 • Assigned • 0.7mi
3/10
Bartlett High School
Public 9-12 • Assigned • 0.8mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 94° expected this year, 16 days in 30 years
6/10 Wind Factor
50% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Webster, MA • 01570
Average low and high temperatures (°F)
33
16
36
18
51
30
61
39
69
49
81
58
83
64
79
56
73
54
63
43
50
34
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.