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Sold on 05/23/2025

51 Prospect St, Webster, MA 01570

  • $878,000

    Last sold 05/23/2025 for $924K

  • 11

    bed

  • 7

    bath

  • 6,520

    Sqft ($142/Sqft)

Multi-family not for sale
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About 51 Prospect St

Property type Multi-family
Neighborhood
Year built 1880
HOA fee $0/month
Lot size 1.16 Acre
Movoto estimate
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.
Listed by
Listing Agent - Edward Murphy
Listing Office - 7 Hills Real Estate
Source: MLS Property Information Network, Inc. mls logo
MLS#73374822 • last updated 11 months ago
Movoto checked MLS Property Information Network, Inc. for data 5 minutes ago
Overview
Levels/Style 3, 3
MLS # 73374822
Type Residential Income
Status Active
SubType 5-9 Family
SqFt 6520
Lot Size (SqFt) 50397
Lot Size (Acres) 1.16
Annual Property Tax 5998
Year Built 1880
Interior
Total # of Bathrooms 7
# Full Baths 7
Total # of Bedrooms 11
Total # of Rooms 23
# Fireplaces 1
Exterior
Foundation Other
# Parking Spaces 10
Lot Desc Corner Lot
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Worcester
Zoning GB-4 W
APN M:14 B:B P:2, 1746406
Directions Main To Prospect
Multifamily Details
Net Operating Income 33600
Total Actual Rent 2800
Gross Income 33600
$878K
Range: $746K-$1M
Last 30 days 
  • May 2025
    mls logo MLS # 73374822
  • May 24, 2025 Active
    —
  • May 19, 2025 Listed
    $895,000
  • 51 Prospect St
    $924K
  • South Village
    —
  • 01570
    $399K -19% y/y
  • Webster
    $475K +4% y/y
No chart available
Statistics calculated by Movoto

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3/10
Park Avenue Elementary School
public Grades PK, K-4
Webster School District
3/10
Webster Middle School
public Grades 5-8
Webster School District
2/10
Bartlett High School
public Grades 9-12
Webster School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • MA
  • Worcester County
  • Webster
  • 01570
  • South Village
  • 51 Prospect St
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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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