Two-Family Home with In-Unit
31-33 Quimby Street Watertown, MA 02472
31-33 Quimby Street, Watertown, MA, 02472
$1,150,000
For Sale
$1,150,000
Move-in ready two-family with updated kitchens, in-unit washer and dryer, separate utilities, and off-street parking.
Property Size2,388 SF
Price / SF$481.57
Days on Market28
Property Features for 31-33 Quimby Street
General Information
- Standard status
- Active
- Size
- 2,388 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency
RE/MAX River's Edge
Listed by
Brooke Buckett
(413) 584-2900
Source
Mapleandmainrealty
Added: Jun 20 Checked: Jul 15 at 6:59 pm
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 RE/MAX River's Edge
Investment Insights
Based on property information with market context.
This move-in ready two-family property is set up for comfortable owner-occupancy or rental use, with two independent units and a full basement. The first-floor unit includes a renovated kitchen, an updated bathroom, refinished hardwood floors, fresh paint throughout, and three bedrooms with ample storage, plus an in-unit washer and dryer. The second-floor unit provides three bedrooms along with a dedicated office, a large updated eat-in kitchen, and a bonus nook off the kitchen that is currently used as a dining area and could support other flexible living needs. Outside, the home offers inviting front and rear decks, along with a spacious green yard area. Additional building features include replacement windows, vinyl siding for easier maintenance, and separate utilities for the two units.
The property is located in Watertown with convenient access to Arsenal Yards and Harvard, and it is near bus lines. Newbury St is noted as approximately 15 minutes away.
For tenants or buyers, the combination of updated interiors, in-unit laundry, separate utilities, and four off-street parking spots makes day-to-day living straightforward. The driveway and basement layout also add practical storage and support options within the property’s overall configuration.
The property is located in Watertown with convenient access to Arsenal Yards and Harvard, and it is near bus lines. Newbury St is noted as approximately 15 minutes away.
For tenants or buyers, the combination of updated interiors, in-unit laundry, separate utilities, and four off-street parking spots makes day-to-day living straightforward. The driveway and basement layout also add practical storage and support options within the property’s overall configuration.
Key Highlights
- Two‑family home (built 1900) with move‑in‑ready updates and two separate units
- First‑floor unit: renovated kitchen, updated bathroom, in‑unit washer/dryer, refinished hardwood floors, fresh paint, 3 bedrooms
- Second‑floor unit: 3 bedrooms plus dedicated office, large updated eat‑in kitchen, bonus nook off kitchen
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 | $75.9k | $31.80 |
| − Vacancy | −$3.8k | −$1.57 |
| EGI | $72.2k | $30.23 |
| − OpEx | −$21.7k | −$9.07 |
| NOI | $50.5k | $21.16 |
2,388 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$721.9K
$631.6K – $842.2K
NOI $50,531 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$678.8K
$593.9K – $791.9K
NOI $47,513 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,958 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Move-in ready two-family with updated kitchens, in-unit washer and dryer, separate utilities, and off-street parking.
Where is this duplex located?
The property is located at 31-33 Quimby Street 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‑family home (built 1900) with move‑in‑ready updates and two separate units; First‑floor unit: renovated kitchen, updated bathroom, in‑unit washer/dryer, refinished hardwood floors, fresh paint, 3 bedrooms; Second‑floor unit: 3 bedrooms plus dedicated office, large updated eat‑in kitchen, bonus nook off kitchen
