Gia Parmentier
J. Christopher Real Estate Group
(401) 416-4505
94 Total Sales
2 in Webster
$395K - $468K Price Range
51 Prospect St Webster, MA 01570
Webster Area
11
Beds
7
Baths
6,520
Sq Ft
1.16
Acre Lot
Highlights
- 1.16 Acre Lot
- 1 Fireplace
- Corner Lot
About This Home
As of August 2025Perched 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.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,998
Year Built
- Built in 1880
Lot Details
- 1.16 Acre Lot
- Corner Lot
Parking
- 10 Car Parking Spaces
Interior Spaces
- 6,520 Sq Ft Home
- Property has 1 Level
- 1 Fireplace
Bedrooms and Bathrooms
- 11 Bedrooms
- 7 Full Bathrooms
Community Details
- 7 Units
- Net Operating Income $33,600
Listing and Financial Details
- Total Actual Rent $2,800
- Assessor Parcel Number M:14 B:B P:2,1746406
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 19, 2025
Closed on
Aug 6, 2025
Sold by
Bought by
Seller's Agent
Edward Murphy
7 Hills Real Estate
Buyer's Agent
Dan Mason
United Multi Family Corporation
List Price
$895,000
Sold Price
$924,000
Premium/Discount to List
$29,000
3.24%
Views
11
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,728,250
Outstanding Balance
$3,691,721
Interest Rate
6.72%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Jan 13, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,040,500
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 29, 2021
Sold by
Bought by
Purchase Details
Closed on
Jun 1, 2018
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Webster, MA
-
Gia Parmentier
-
Sam Takla
Sam Takla
Coldwell Banker Realty - Framingham
(351) 444-9205
78 Total Sales
2 in Webster
$201K - $400K Price Range
-
Christina Liberty-Grimm
Christina Liberty-Grimm
Lamacchia Realty, Inc.
(508) 770-6735
114 Total Sales
3 in Webster
$300K - $404K Price Range
-
Sarah Wrathall
Sarah Wrathall
Coldwell Banker Realty - Concord
(781) 819-5368
21 Total Sales
1 in Webster
$310,000 Price
-
Louis Barrows
Louis Barrows
Keller Williams Leading Edge
(401) 208-2129
235 Total Sales
1 in Webster
$1,175,000 Price
-
Lia Carminati
Lia Carminati
Be Live in Realty
(617) 500-6025
57 Total Sales
1 in Webster
$530,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $4,650,000 | -- | ||
| $2,430,000 | None Available | ||
| $420,000 | None Available | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $3,728,250 | ||
| Previous Owner | $2,040,500 | ||
| Previous Owner | $114,875 | ||
| Closed | $150,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | Sold | $924,000 | +3.2% | $142 / Sq Ft |
| 05/23/2025 05/23/25 | Pending | -- | -- | -- |
| 05/19/2025 05/19/25 | For Sale | $895,000 | -- | $137 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,998 | $504,900 | $57,100 | $447,800 |
| 2024 | $5,916 | $485,700 | $54,900 | $430,800 |
| 2023 | $5,831 | $466,500 | $52,300 | $414,200 |
| 2022 | $5,662 | $405,600 | $50,800 | $354,800 |
| 2021 | $4,606 | $305,000 | $50,800 | $254,200 |
| 2020 | $4,316 | $286,600 | $50,800 | $235,800 |
| 2019 | $4,292 | $280,000 | $50,800 | $229,200 |
| 2018 | $4,132 | $268,500 | $50,800 | $217,700 |
| 2017 | $4,153 | $274,500 | $53,500 | $221,000 |
| 2016 | $3,818 | $252,200 | $45,000 | $207,200 |
| 2015 | $3,488 | $237,600 | $44,100 | $193,500 |
Source: Public Records
Agents Affiliated with this Home
-
Edward Murphy
Seller's Agent in 2025
Edward Murphy
7 Hills Real Estate
(508) 502-7459
13 Total Sales
-
Dan Mason
Buyer's Agent in 2025
Dan Mason
United Multi Family Corporation
(800) 737-6517
5 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73374822
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, 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, and the Images, are for the personal, non-commercial use of consumers having a good faith 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, or as to the accuracy of any of the Images, set forth herein.
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