Rare and profitable Investment Property. Nine (9) Unit Multifamily located in Two Buildings, near downtown Webster. Located on 1.07 attractive Acres with 264 street frontage. Lead certs available for 5 Units. Other 4 Unit were built in 2004 with garage under. New dry sprinkler system installed in the garages in Aug 2021. New (9/21) roof on 4 units located in 31 Fifth Ave Building. . Most units remodeled in last 3 years. NO carpet, except on stairs. Only vacancy has been for remodeling when a tenant left. Tenants pay all utilities except Water/Sewer. Low maintenance vinyl siding. Parking for 22 cars Off Street. Gross yearly rents = $131,640. Expenses $25,198 + R.E. Taxes $12,075 = NOI $94,367. Cap rate 6.75. Great Cash Flow with nice tenants. GROUP SHOWINGS ON TUES 11/9 AND THURS 11/11 AT NOON. NO SHOWINGS BEFORE 11/9. CALL TO REGISTAR FOR GROUP SHOWINGS. OFFERS BY NOON SAT.11/13.
Multi-familyProperty Type
1900Year Built
1.07 acresLot Size
$108Price/Sq.Ft.
4 garage spacesParking
Listed by Kevin Curry• Berkshire Hathaway HomeServices Commonwealth Real Estate
Bought with Eric Franszen• Cedar Wood Realty Group
Money maker. DSCR at list price is 1.43 Two buildings, 9 units (1 two family, 1 three family, 4 town house built 2004). Possibly room for another building. DSCR assumes 5% Vacancy,5% Maint&Reserve, 3% management at 5.25%, 25 year, 75% LTV. NOI assuming these assumptions is $74,953 with mortgage payment of $52,584/yr. Estimate net profit, before depreciation and interest write off, is $22,370. Many longterm tenants. Tenants pay utilities. Great opportunity to add to your portfolio.
MLS PIN #70792316
Jul 31, 2009
Sold
$825,000
$60/sq ft
Jun 8, 2009
Contingent
—
Mar 31, 2009
Price Changed
$850,000
$62/sq ft
Jan 19, 2009
Price Changed
$995,000
$72/sq ft
Jul 15, 2008
Listed
$1,300,000
$95/sq ft
Outstanding opportunity, substantial property to add to your portfolio. Total of 9 units consisting of one 2 family, one 3 family and 4 townhouses built four years ago. There is room to add one more townhouse.
MLS PIN #70290752
Dec 21, 2005
Sold
$190,000
$14/sq ft
Nov 21, 2005
Listing Removed
—
Nov 7, 2005
Listed
$254,900
$19/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$3,509 (+2.9%)
$55,600 + $225,100
$280,700
2022
$3,410 (+4.3%)
$54,000 + $190,300
$244,300
2021
$3,268 (+7.9%)
$54,000 + $162,400
$216,400
2020
$3,030 (+0.6%)
$54,000 + $147,200
$201,200
2019
$3,012 (+12.6%)
$54,000 + $142,500
$196,500
2018
$2,676 (+6.7%)
$54,000 + $119,900
$173,900
2017
$2,507 (+2.5%)
$52,800 + $112,900
$165,700
2016
$2,447 (+5.2%)
$48,700 + $112,900
$161,600
2015
$2,327 (+12.3%)
$47,800 + $110,700
$158,500
2014
$2,072 (+0.3%)
$43,900 + $112,000
$155,900
2013
$2,066 (−1.7%)
$43,900 + $121,800
$165,700
2012
$2,102
$41,500 + $136,900
$178,400
2011
$2,101 (+0.6%)
$51,500 + $136,800
$188,300
2010
$2,089
$56,000 + $157,800
$213,800
2009
$2,089
$57,900 + $179,500
$237,400
Tax history for 31-33 Fifth Ave
Year
Property tax
Land + Additions
Assessment*
2023
$3,509 (+2.9%)
$55,600 + $225,100
$280,700
2022
$3,410 (+4.3%)
$54,000 + $190,300
$244,300
2021
$3,268 (+7.9%)
$54,000 + $162,400
$216,400
2020
$3,030 (+0.6%)
$54,000 + $147,200
$201,200
2019
$3,012 (+12.6%)
$54,000 + $142,500
$196,500
2018
$2,676 (+6.7%)
$54,000 + $119,900
$173,900
2017
$2,507 (+2.5%)
$52,800 + $112,900
$165,700
2016
$2,447 (+5.2%)
$48,700 + $112,900
$161,600
2015
$2,327 (+12.3%)
$47,800 + $110,700
$158,500
2014
$2,072 (+0.3%)
$43,900 + $112,000
$155,900
2013
$2,066 (−1.7%)
$43,900 + $121,800
$165,700
2012
$2,102
$41,500 + $136,900
$178,400
2011
$2,101 (+0.6%)
$51,500 + $136,800
$188,300
2010
$2,089
$56,000 + $157,800
$213,800
2009
$2,089
$57,900 + $179,500
$237,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
4
Baths
2
Stories
3
Lot width
—
Lot depth
—
Lot size
0.5 Acres
Year renovated
1975
Sq. Ft.
2,540
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Worcester County
APN
1746169
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 26, 2025.
Property details
Parking
Parking Information
Has Garage
Has Open Parking
# of Garage Spaces: 4
# of Covered Spaces: 4
Parking Spaces: 22
Parking Features: Paved Drive, Off Street
Interior
Bathroom Information
# of Bathrooms (Full): 9
# of Bathrooms (Half): 4
Interior Features
# of Rooms (Total): 44
Flooring: Tile, Hardwood, Wood
Interior Features: Living Room, Kitchen, Laundry Room, Family Room
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 2
# of Floors: 2
Lease: N
Exterior
Building Information
Building Area (Total): 13,740
Foundation Details: Concrete Perimeter, Stone
Construction Materials: Frame
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Approximate
Lead Paint: Certified Treated
Exterior Features
Roof: Shingle
Property Information
PropertySubType: 5-9 Family
Lot Information
Lot Size (Acres): 1.07
Frontage Length: 264
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Financial
Tax Information
Tax Annual Amount: $12,075
Tax Year: 2021
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers, Individually Metered
Heating & Cooling
Has Heating
Heating: Natural Gas
Location
Location Information
Directions: GPS
UnparsedAddress: 31-33 Fifth Ave, Webster MA 01570
Community Information
Senior CommunityYN: No
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 2,540
Stories: 3.0
Lot Size: 0.5 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: 1975
County: Worcester County
APN: 1746169
Home facts updated by county records on Jul 26, 2025
Other
Listing Information
Exclusions: Tenant's Belonging.
StandardStatus: Closed
Around this home
Schools
Webster Middle School
Public 5-8 • Assigned • 0.5mi
3/10
Bartlett High School
Public 9-12 • Assigned • 0.5mi
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, 15 days in 30 years
6/10 Wind Factor
50% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 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
84
63
79
56
74
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.
8.9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
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