Two-Unit Duplex with
For Sale
$1,150,000
227 Common St, Watertown, MA 02472
Each residence has two bedrooms, a full bath, living and dining rooms, and hardwood flooring.
Property Size2,150 SF
Price / SF$534.88
Days on Market8
Property Features for 227 Common St
General Information
Standard status
Active
Size
2,150 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,369
Amenities
front porch
rear porch
enclosed three-season porch
private backyard
full basement with laundry and storage
Building Details
Buildings
1
Listing Agency:
eXp Realty LLC - Corporate Office
(888) 854-7493
Listed By:
Jacob Zapata
(210) 587-5388
Source:
Exprealty
Added: Oct 12
Changed: Oct 19
Last Checked: Oct 19 at 2:52PM
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 eXp Realty LLC - Corporate Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,150-square-foot duplex contains two residences, each with two bedrooms, a full bathroom, a living room, and a formal dining room with built-in features. Hardwood flooring runs through both units. The upper residence also includes a finished third-floor family room and bonus room, served by electric heat and air conditioning. Outdoor features include front and rear porches, an enclosed three-season porch, and a backyard with a sprinkler system. Updated mechanical systems, a full basement with laundry and storage, and a separate two-car garage are also part of the property; driveway parking is available.
The property is at 227 Common St in Watertown, near Watertown High School, Oakley Country Club, Watertown Square, Arsenal Yards, and the Charles River. Commuter routes to Cambridge and Boston are nearby.
The property is at 227 Common St in Watertown, near Watertown High School, Oakley Country Club, Watertown Square, Arsenal Yards, and the Charles River. Commuter routes to Cambridge and Boston are nearby.
Key Highlights
- Two units, each with two bedrooms and one full bath
- 2,150 square feet across the duplex
- Finished third‑floor family room and bonus room in the upper unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,495
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,900
$909.9K
Cap Rate 7%
$649,929
$649.9K
Cap Rate 9%
$505,500
$505.5K
Market Conditions
NOI Build-Up for 2,150 SF
Gross rent
$68.4K $31.80/SF
− Vacancy
−$3.4K −$1.57/SF
EGI
$65.0K $30.23/SF
− OpEx
−$19.5K −$9.07/SF
NOI
$45.5K $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%
$909,900
Cap Rate 7%
$649,929
Cap Rate 9%
$505,500
Alternative Uses
Best Use
Multifamily LT 5
$649.9K
$568.7K – $758.3K
NOI $45,495 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$611.1K
$534.7K – $713.0K
NOI $42,778 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,095 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,098
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, a full bath, living and dining rooms, and hardwood flooring.
Where is this duplex located?
The property is located at 227 Common St Watertown, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two units, each with two bedrooms and one full bath; 2,150 square feet across the duplex; Finished third‑floor family room and bonus room in the upper unit
