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 3-bedroom in 01570 carries an estimated $2,060/mo in gross rent — about a 2.21% cap rate and $16,587/yr in estimated NOI at the $750,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

2,000

Style

Single Family

Built

2027

IN YOUR WILDEST DREAMS! BUILD TO SUIT ~ 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!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,000 sq ft principal dwelling). Lot size: 8,097 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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.