Updated Two-Bedroom
For Sale
$629,000
151 Coolidge Ave, Watertown, MA 02472
Bright condominium residence with a private balcony, renovated kitchen, garage, and professionally managed building services.
Property Size1,270 SF
Price / SF$495.28
Days on Market166
Property Features for 151 Coolidge Ave
General Information
Standard status
Active
Size
1,270 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
private balcony
updated lobbies and hallways
on-site management
security
Range
Dishwasher
Disposal
Refrigerator
Wall Unit(s)
Wood
Tile
Central, Natural Gas
1.0 Story
$6,131 Taxes
Public
Built in 1981
Building Details
Year Built
1981
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
(617) 926-5280
Listed By:
Medea Palandjian
Source:
Donahuere
Added: Apr 23
Changed: Sep 13
Last Checked: Oct 4 at 6:12AM
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 Berkshire Hathaway HomeServices Commonwealth Real Estate
Investment Insights
Based on property information with market context.
This 1,270-square-foot condominium at Charles River Towers offers 2 bedrooms and 2 baths, with an open living and dining area extending to a private balcony. The eat-in kitchen has updated appliances, newer countertops, and extensive cabinetry. The primary suite includes a walk-in closet and an en suite bath with an oversized rainfall shower, bench, and Grohe faucets. The second bedroom has a large closet, and a garage is included.
Built in 1981, the professionally managed building provides on-site management and security. Common-area improvements include updated lobbies and hallways, newer elevators, and a newer roof. The property is located at 151 Coolidge Ave in Watertown, Massachusetts.
Built in 1981, the professionally managed building provides on-site management and security. Common-area improvements include updated lobbies and hallways, newer elevators, and a newer roof. The property is located at 151 Coolidge Ave in Watertown, Massachusetts.
Key Highlights
- 1,270‑square‑foot condominium with 2 bedrooms and 2 baths
- Private balcony connected to the living and dining area
- Updated eat‑in kitchen with newer appliances and countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,269
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,380
$505.4K
Cap Rate 7%
$360,986
$361.0K
Cap Rate 9%
$280,767
$280.8K
Market Conditions
NOI Build-Up for 1,270 SF
Gross rent
$48.5K $38.16/SF
− Vacancy
−$2.5K −$1.98/SF
EGI
$45.9K $36.18/SF
− OpEx
−$20.7K −$16.28/SF
NOI
$25.3K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,380
Cap Rate 7%
$360,986
Cap Rate 9%
$280,767
Alternative Uses
Best Use
Apartment 5plus
$361.0K
$315.9K – $421.2K
NOI $25,269 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$751.8K
$657.9K – $877.1K
NOI $52,628 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,275
Businesses Nearby
Explore this area
Business Placement
Demographics for 02472, MA
35,392
Population
17,069
Households
2.1
Avg Household Size
39
Median Age
67%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
8,848
Density / Sq Mi
$123,383
Median Household Income
$77,537
Median Earnings
$2,356
Median Rent
$737,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright condominium residence with a private balcony, renovated kitchen, garage, and professionally managed building services.
Where is this residential income property located?
The property is located at 151 Coolidge Ave Watertown, MA.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 1,270‑square‑foot condominium with 2 bedrooms and 2 baths; Private balcony connected to the living and dining area; Updated eat‑in kitchen with newer appliances and countertops
