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60 Wakefield Ave Webster Lake Webster — Photo 1 of 22

60 Wakefield Ave Webster Lake Webster — Photo 1 of 22

$277,500

Investment Analysis — 60 Wakefield Ave Webster Lake

Webster, MA 01570

Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01570 carries an estimated $1,290/mo in gross rent — about a 3.45% cap rate and $9,565/yr in estimated NOI at the $277,500 list price. Adjust every assumption in the calculator below.

View Standard Listing

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Style

Residential

Built

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RARE WEBSTER LAKE RESIDENTIAL BUILDING OPPORTUNITY ~ Offering a Lake Residential Zoned Building Lot with 1/3 Ownership Interest in a Direct Private Waterfront Lot. Discover an unmatched real estate package combining the financial benefits of off-water property taxes with the luxury of Premium, Private DIRECT Webster Lake access. This rare offer features a cleared, build-ready lot paired with a 1/3 fractional ownership interest in a prime waterfront parcel (Lot 4 - 59-R Wakefield Ave), complete with a private beach and boat dock. Building Lot 1 has 8,097 SF land area with +/- 169' of road frontage. Walk literally baby steps from your front door to the waterfront, a 1,272 SF direct waterfront lot featuring +/- 61' of pristine lake frontage. Enjoy a private sandy beach and an established boat dock. Nestled in a highly desirable neighborhood, this property blends recreation with effortless access. Save development costs with available town water & sewer & considerably lower real estate taxes! Enjoy an excellent location with quick access to the I-395 as well as local shopping, dining, hiking, parks & other regional amenities. Building on this parcel would provide you with a brand new home with unrestricted access to Webster Lake!

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

Original Price$277,500
Annual Taxes$2,200

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic, At Street
SewerPublic Sewer, At Street

Building & Exterior

Construction--
Roof--
Foundation--
ZoningLAKE 5

Property & Lot

Acres0.19
SqFt Lot8,097
Lot FeaturesLevel, Corner Lot, Cleared, Other

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Property History

Listed
$750,000

Sep 29, 2026

MLS® 73583665

Listed
$277,500

Sep 26, 2026

MLS® 73582966

Listed
$525,000

Aug 16, 2026

MLS® 73564208

Listing Provided By

Listing Agent: Bryan Pelletier

Listing Office: Hope Real Estate Group, Inc.

MLS® Number: 73582966