Duplex Property with Private
22-24 Carver Rd East, Watertown, MA 02472
For Sale
$2,400,000
Two residential units feature open kitchens, stainless steel appliances, and dedicated outdoor space.
Property Size4,767 SF
Price / SF$503.46
Days on Market24
Property Features for 22-24 Carver Rd East
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Stories
Listing Agency:
Citylife Real Estate
Listed By:
Brian Doherty · License #449525861
(781) 888-2101
Source:
Churchillprop
Added: Oct 16
Changed: Nov 7
Last Checked: Nov 7 at 6:01PM
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 Citylife Real Estate
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Investment Insights
Based on property information with market context.
Located at 22-24 Carver Rd East in Watertown, this two-unit duplex property was renovated in 2020. The listing describes four bedrooms and three baths, along with open kitchens equipped with stainless steel appliances and generous combined living and dining areas. Four private decks add outdoor space, and the property dates to 1910.
Parking includes a six-car driveway and a garage with room for two more vehicles. Nearby destinations named in the property information include parks, schools, a dog park across the street, Watertown Square, Arsenal Yards, and Charles River Greenway parks. The property also offers access to Boston and Cambridge.
Parking includes a six-car driveway and a garage with room for two more vehicles. Nearby destinations named in the property information include parks, schools, a dog park across the street, Watertown Square, Arsenal Yards, and Charles River Greenway parks. The property also offers access to Boston and Cambridge.
Key Highlights
- Two duplex units with four private decks
- Renovated in 2020; built in 1910
- Four bedrooms and three baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,871
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,017,420
$2.0M
Cap Rate 7%
$1,441,014
$1.4M
Cap Rate 9%
$1,120,789
$1.1M
Market Conditions
NOI Build-Up for 4,767 SF
Gross rent
$151.6K $31.80/SF
− Vacancy
−$7.5K −$1.57/SF
EGI
$144.1K $30.23/SF
− OpEx
−$43.2K −$9.07/SF
NOI
$100.9K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,017,420
Cap Rate 7%
$1,441,014
Cap Rate 9%
$1,120,789
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,871 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$1.35M
$1.19M – $1.58M
NOI $94,847 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,543 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,077
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
$737,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Watertown, MA
Properties on Market for Duplexes in Watertown
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature open kitchens, stainless steel appliances, and dedicated outdoor space.
Where is this duplex located?
The property is located at 22-24 Carver Rd East Watertown, MA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Two duplex units with four private decks; Renovated in 2020; built in 1910; Four bedrooms and three baths
