Renovated Two-Family
190 Walnut Street Watertown, MA 02472
190 Walnut Street, Watertown, MA, 02472
$1,950,000
For Sale
$1,950,000
Renovated two-family residence with separate units, in-unit laundry, a 2-car garage, and a large fenced lot.
Property Size3,600 SF
Price / SF$541.67
Days on Market121
Property Features for 190 Walnut Street
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1855
Listing agency
Coldwell Banker Realty - Belmont
Listed by
Bob Airasian
(617) 661-6600
Source
Cambridgerealty
Added: Mar 23 Updated: Jul 20 at 8:49PM Checked: Jul 21 at 7:05AM
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 Coldwell Banker Realty - Belmont
Investment Insights
Based on property information with market context.
Renovated two-family home in East Watertown offering 13 rooms, 7 bedrooms, and 4 baths across approximately 3,600 square feet of living area. The first-floor unit includes 3 bedrooms, 2 baths, hardwood floors, an eat-in kitchen, and a large mudroom, along with one-zone mini-split heating. The upper unit features 8 rooms, 4 bedrooms, and 2 full baths across two levels, with an updated kitchen and baths and hardwood floors throughout.
The home is south-facing for natural light and includes in-unit laundry for added convenience. A 2-car garage and a large fenced-in lot provide useful outdoor and parking space.
The property is positioned along the Watertown-Cambridge Greenway bike path and is described as minutes to Arsenal Yards, Arsenal Park, and the Charles River, with steps to public transportation and convenient access to Cambridge and Boston.
The home is south-facing for natural light and includes in-unit laundry for added convenience. A 2-car garage and a large fenced-in lot provide useful outdoor and parking space.
The property is positioned along the Watertown-Cambridge Greenway bike path and is described as minutes to Arsenal Yards, Arsenal Park, and the Charles River, with steps to public transportation and convenient access to Cambridge and Boston.
Key Highlights
- Renovated 2‑family home (1855) with approx. 3,600 sq ft of living area
- 1st‑floor unit: 3 bedrooms, 2 baths, hardwood floors, eat‑in kitchen, large mudroom, one‑zone mini‑split
- Upper unit: 4 bedrooms, 2 full baths across 2 levels, updated kitchen and baths, hardwood floors throughout
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 | $114.5k | $31.80 |
| − Vacancy | −$5.7k | −$1.57 |
| EGI | $108.8k | $30.23 |
| − OpEx | −$32.6k | −$9.07 |
| NOI | $76.2k | $21.16 |
3,600 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$952.2K – $1.27M
NOI $76,177 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$1.02M
$895.4K – $1.19M
NOI $71,628 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$2.13M
$1.86M – $2.49M
NOI $149,183 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-family residence with separate units, in-unit laundry, a 2-car garage, and a large fenced lot.
Where is this duplex located?
The property is located at 190 Walnut Street Watertown, MA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Renovated 2‑family home (1855) with approx. 3,600 sq ft of living area; 1st‑floor unit: 3 bedrooms, 2 baths, hardwood floors, eat‑in kitchen, large mudroom, one‑zone mini‑split; Upper unit: 4 bedrooms, 2 full baths across 2 levels, updated kitchen and baths, hardwood floors throughout
