Multi-Family Corner Home with
28 Appleton Street Watertown, MA 02472
28 Appleton Street, Watertown, MA, 02472
$1,350,000
For Sale
$1,350,000
Spacious two-unit multi-family with 13 rooms, multiple bedrooms, and a farmer’s porch on a prominent corner lot.
Property Size2,889 SF
Price / SF$467.29
Days on Market10
Property Features for 28 Appleton Street
General Information
- Standard status
- Active
- Size
- 2,889 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Coldwell Banker Realty - Belmont
Listed by
Bob Airasian
(413) 584-2900
Source
Mapleandmainrealty
Added: Jul 12 Updated: Jul 21 at 3:25AM Checked: Jul 21 at 3:25AM
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.
This spacious 13-room, two-unit multi-family home offers a versatile layout with 6 bedrooms and 2 bathrooms. The first-floor unit features 2 bedrooms, 1 bath, hardwood floors, a generous living/dining area, and a convenient pantry. The upper unit spans two levels with 4 bedrooms and 1 bath, along with expansive living space designed to support customization.
Set on a prominent corner lot in desirable East Watertown, the property includes a welcoming farmer’s porch and abundant natural light throughout. Outdoor features include well-manicured grounds with mature plantings, a paver walkway, patio, and a stone retaining wall, plus a 3-car wide paver driveway.
With access to nearby Coolidge Square and convenient proximity to restaurants, shopping, parks, and public transit, the home also offers easy access to Arsenal Yards, Cambridge, and Boston. The property is positioned to support owner-occupancy, investment use, or multi-generational living.
Set on a prominent corner lot in desirable East Watertown, the property includes a welcoming farmer’s porch and abundant natural light throughout. Outdoor features include well-manicured grounds with mature plantings, a paver walkway, patio, and a stone retaining wall, plus a 3-car wide paver driveway.
With access to nearby Coolidge Square and convenient proximity to restaurants, shopping, parks, and public transit, the home also offers easy access to Arsenal Yards, Cambridge, and Boston. The property is positioned to support owner-occupancy, investment use, or multi-generational living.
Key Highlights
- Two‑unit multi‑family built in 1910 with 13 rooms, 6 bedrooms, and 2 baths.
- Prominent corner lot with a welcoming farmer’s porch and high ceilings with abundant natural light.
- 1st‑floor unit: 2 bedrooms, 1 bath, hardwood floors, generous living/dining area, and a pantry.
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 | $91.9k | $31.80 |
| − Vacancy | −$4.5k | −$1.57 |
| EGI | $87.3k | $30.23 |
| − OpEx | −$26.2k | −$9.07 |
| NOI | $61.1k | $21.16 |
2,889 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$873.3K
$764.2K – $1.02M
NOI $61,132 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$821.2K
$718.5K – $958.0K
NOI $57,481 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,719 @ 7.0% cap · market cap 8.87%
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 - Spacious two-unit multi-family with 13 rooms, multiple bedrooms, and a farmer’s porch on a prominent corner lot.
Where is this duplex located?
The property is located at 28 Appleton Street Watertown, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑unit multi‑family built in 1910 with 13 rooms, 6 bedrooms, and 2 baths.; Prominent corner lot with a welcoming farmer’s porch and high ceilings with abundant natural light.; 1st‑floor unit: 2 bedrooms, 1 bath, hardwood floors, generous living/dining area, and a pantry.
