Victorian Two-Family
27 Oliver Street Watertown, MA 02472
For Sale
$1,850,000
Historic Victorian duplex with a basement rental unit and multiple finished floors featuring fireplaces, hardwood floors, and stained-glass.
Property Size3,900 SF
Price / SF$474.36
Days on Market48
Property Features for 27 Oliver Street
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1893
Listing Agency:
Real Estate 109
Listed By:
Peter Boyajian Team
(617) 731-4644
Source:
Hammondre
Added: Jun 7
Changed: Jul 23
Last Checked: Jul 23 at 10:22AM
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 Real Estate 109
Investment Insights
Based on property information with market context.
This Victorian two-family residence retains classic period details throughout, including high ceilings, oversized windows, stained-glass, and hardwood floors. The home features three wood-burning fireplaces, a first-floor library with beamed ceiling, wainscotting, and French doors, along with a hidden powder room. The mid-century kitchen includes ample cabinetry, stone counters, and large picture windows overlooking the yard and gardens.
The second floor provides four well-proportioned bedrooms, including a master bedroom suite with a fireplace. The third floor is fully finished with flex space that may be used as a game room or additional bedrooms and includes another bathroom.
A vintage 1940s lower-level apartment adds rental income value and has been consistently rented for decades.
The second floor provides four well-proportioned bedrooms, including a master bedroom suite with a fireplace. The third floor is fully finished with flex space that may be used as a game room or additional bedrooms and includes another bathroom.
A vintage 1940s lower-level apartment adds rental income value and has been consistently rented for decades.
Key Highlights
- Victorian two‑family (c. 1890) built in 1893 with classic period details throughout
- Basement rental apartment dating to the 1940s has been consistently rented for decades
- 3 wood‑burning fireplaces plus stained‑glass, high ceilings, and oversized windows
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 | $124.0k | $31.80 |
| − Vacancy | −$6.1k | −$1.57 |
| EGI | $117.9k | $30.23 |
| − OpEx | −$35.4k | −$9.07 |
| NOI | $82.5k | $21.16 |
3,900 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.38M
NOI $82,525 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$1.11M
$970.0K – $1.29M
NOI $77,597 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,615 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Historic Victorian duplex with a basement rental unit and multiple finished floors featuring fireplaces, hardwood floors, and stained-glass.
Where is this duplex located?
The property is located at 27 Oliver Street Watertown, MA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Victorian two‑family (c. 1890) built in 1893 with classic period details throughout; Basement rental apartment dating to the 1940s has been consistently rented for decades; 3 wood‑burning fireplaces plus stained‑glass, high ceilings, and oversized windows
