Charles Riverfront
326-328 Charles River Rd, Watertown, MA 02472
For Sale
$950,000
Each residence has tandem off-street parking and its own garage space.
Property Size2,484 SF
Price / SF$382.45
Days on Market32
Property Features for 326-328 Charles River Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Multifamily Units
Parking per Unit
Building Details
Year Built
Listing Agency:
Leading Edge Real Estate
(781) 979-0100
Listed By:
Michelle Joslin-Chaves
(781) 760-7865
Source:
Lockandkeyre
Added: Oct 8
Changed: Nov 7
Last Checked: Nov 7 at 5:07PM
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 Leading Edge Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1926 duplex at 326-328 Charles River Rd in Watertown contains 2,484 square feet and overlooks the Charles River from a corner lot. Both residences have decorative fireplaces and a sunroom or office area facing the water. Recent work includes a roof replacement in 2026, new water heaters for both units in 2026, and plumbing updates in both bathrooms, including a new stack. Unit 2 has refinished flooring, and both heating systems have been serviced and are reported to be in good working order.
Each unit has two tandem off-street parking spaces, including one garage space. The property is steps from the Charles River and its bike path, with access to boating and kayaking. The Watertown Boat Yard is nearby; Harvard, Cambridge, downtown Boston, Brighton, and New Arsenal Yards are also cited as accessible destinations.
Each unit has two tandem off-street parking spaces, including one garage space. The property is steps from the Charles River and its bike path, with access to boating and kayaking. The Watertown Boat Yard is nearby; Harvard, Cambridge, downtown Boston, Brighton, and New Arsenal Yards are also cited as accessible destinations.
Key Highlights
- 2,484‑square‑foot duplex built in 1926
- Overlooks the Charles River from a corner lot
- Roof and both unit water heaters replaced in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,562
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,051,240
$1.1M
Cap Rate 7%
$750,886
$750.9K
Cap Rate 9%
$584,022
$584.0K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$79.0K $31.80/SF
− Vacancy
−$3.9K −$1.57/SF
EGI
$75.1K $30.23/SF
− OpEx
−$22.5K −$9.07/SF
NOI
$52.6K $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%
$1,051,240
Cap Rate 7%
$750,886
Cap Rate 9%
$584,022
Alternative Uses
Best Use
Multifamily LT 5
$750.9K
$657.0K – $876.0K
NOI $52,562 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$706.0K
$617.8K – $823.7K
NOI $49,423 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $102,936 @ 7.0% cap · market cap 10.84%
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
1,040
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 - Each residence has tandem off-street parking and its own garage space.
Where is this duplex located?
The property is located at 326-328 Charles River Rd Watertown, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,484‑square‑foot duplex built in 1926; Overlooks the Charles River from a corner lot; Roof and both unit water heaters replaced in 2026
