Three-Family Residential
152 Spruce St Watertown, MA 02472
For Sale
$1,200,000
Three-unit property built in 1910 with one 1-bedroom and two 2-bedroom units, plus an unfinished basement.
Property Size3,517 SF
Price / SF$341.20
Days on Market74
Property Features for 152 Spruce St
General Information
- Standard status
- Active
- Size
- 3,517 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1910
Listing Agency:
Colonial Realty Associates, LLC
(617) 438-5038
Listed By:
Matthew Moran
Source:
Reishomesearch
Added: May 12
Changed: Jul 22
Last Checked: Jul 22 at 4:09PM
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 Colonial Realty Associates, LLC
Investment Insights
Based on property information with market context.
This three-family residential income property includes approximately 3,517 square feet across three levels, with one 1-bedroom unit and two 2-bedroom units. The home features vinyl siding, forced hot water heat, and a large unfinished basement that can support storage needs and offers additional future potential.
Built in 1910, the property includes key updates with a newer roof completed in 2021. The location provides convenient access to public transportation and major commuter routes, including Downtown Boston, Cambridge, Storrow Drive, and the Mass Pike. Arsenal Yards is within walking distance.
With three separate units and flexible layouts, this asset is positioned for an owner-occupant or investor seeking a multi-unit configuration in Watertown.
Built in 1910, the property includes key updates with a newer roof completed in 2021. The location provides convenient access to public transportation and major commuter routes, including Downtown Boston, Cambridge, Storrow Drive, and the Mass Pike. Arsenal Yards is within walking distance.
With three separate units and flexible layouts, this asset is positioned for an owner-occupant or investor seeking a multi-unit configuration in Watertown.
Key Highlights
- Approx. 3,517 sq ft 3‑family property built in 1910 with one 1‑bedroom unit and two 2‑bedroom units
- Newer shingle roof completed in 2021
- Forced hot water heat; heating fuels include natural gas and oil
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 | $111.8k | $31.80 |
| − Vacancy | −$5.5k | −$1.57 |
| EGI | $106.3k | $30.23 |
| − OpEx | −$31.9k | −$9.07 |
| NOI | $74.4k | $21.16 |
3,517 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$930.3K – $1.24M
NOI $74,421 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$999.7K
$874.7K – $1.17M
NOI $69,976 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,744 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit property built in 1910 with one 1-bedroom and two 2-bedroom units, plus an unfinished basement.
Where is this triplex located?
The property is located at 152 Spruce St Watertown, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approx. 3,517 sq ft 3‑family property built in 1910 with one 1‑bedroom unit and two 2‑bedroom units; Newer shingle roof completed in 2021; Forced hot water heat; heating fuels include natural gas and oil
