Two-Family Residential Income
13-15 Columbia St Watertown, MA 02472
13-15 Columbia St, Watertown, MA, 02472
$1,225,000
Pending
For Sale
$1,225,000
Pending
Well-maintained two-family with period details, porches, studies in both units, and updated heating and electrical systems.
Property Size2,862 SF
Days on Market48
Property Features for 13-15 Columbia St
General Information
- Standard status
- Pending
- Size
- 2,862 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1916
Listing agency
(617) 504-6330
Listed by
The Petrowsky Jones Group
(617) 504-6330
Source
Elliman
Added: Jun 4 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 9:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Petrowsky Jones Group
Investment Insights
Based on property information with market context.
This early 20th-century two-family home offers 2,862 square feet across two units, featuring hardwood floors, generously proportioned windows, and good-height ceilings. Period finishes include crown moldings, built-in china cabinets, and pantries, along with two wood-burning fireplaces. Each unit also includes a study and separate porches, with practical layouts designed for both day-to-day efficiency and comfortable living. Recent improvements noted include two newer heating systems and upgraded 100 amp electrical service for each unit.
The property is located on a tree-lined residential side street in the Oakley neighborhood of Watertown. It is about 0.8 mile from Watertown Square and the Silver Line route to downtown Boston. The listing also notes proximity to the brand-new Watertown High School, as well as nearby shops and restaurants, with access to Cambridge and major roadways including Storrow Drive and the Mass Pike.
For investors and owner-occupants, the unit design supports multiple living needs with studies in both apartments and consistent period character throughout. Both leases are scheduled to expire August 31, 2026, providing defined timing for future occupancy planning.
The property is located on a tree-lined residential side street in the Oakley neighborhood of Watertown. It is about 0.8 mile from Watertown Square and the Silver Line route to downtown Boston. The listing also notes proximity to the brand-new Watertown High School, as well as nearby shops and restaurants, with access to Cambridge and major roadways including Storrow Drive and the Mass Pike.
For investors and owner-occupants, the unit design supports multiple living needs with studies in both apartments and consistent period character throughout. Both leases are scheduled to expire August 31, 2026, providing defined timing for future occupancy planning.
Key Highlights
- Two‑family home built in 1916 with 2,862 sq ft of living space on a tree‑lined residential side street
- Period details include hardwood floors, crown moldings, built‑in china cabinets, pantries, generously proportioned windows, and good‑height ceilings
- Two wood‑burning fireplaces and both units include studies
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.0k | $31.80 |
| − Vacancy | −$4.5k | −$1.57 |
| EGI | $86.5k | $30.23 |
| − OpEx | −$26.0k | −$9.07 |
| NOI | $60.6k | $21.16 |
2,862 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$865.2K
$757.0K – $1.01M
NOI $60,561 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$813.5K
$711.8K – $949.1K
NOI $56,944 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,601 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family with period details, porches, studies in both units, and updated heating and electrical systems.
Where is this duplex located?
The property is located at 13-15 Columbia St Watertown, MA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Two‑family home built in 1916 with 2,862 sq ft of living space on a tree‑lined residential side street; Period details include hardwood floors, crown moldings, built‑in china cabinets, pantries, generously proportioned windows, and good‑height ceilings; Two wood‑burning fireplaces and both units include studies
