Three-Family Residential Income
34 Irma Ave Watertown, MA 02472
For Sale
$1,399,000
Well-maintained three-family property with multiple bedrooms per unit, in-unit laundry, central air on the first floor, and off-street parking.
Property Size3,643 SF
Price / SF$384.02
Days on Market23
Property Features for 34 Irma Ave
General Information
Standard status
Active
Size
3,643 SF
Property subtype
3 Family
Building Details
Year Built
1910
Listing Agency:
CK Realty Group LLC
(617) 470-6701
Listed By:
Chris Kavakian · License #9516064
(617) 470-6701
Source:
Lockandkeyre
Added: Jul 8
Changed: Jul 26
Last Checked: Jul 29 at 6:16AM
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 CK Realty Group LLC
Investment Insights
Based on property information with market context.
This three-family residential income property offers three separate units with hardwood floors throughout. The first-floor unit includes 1 bedroom and 1 bath, an updated kitchen, recessed lighting, in-unit laundry, and central air. The second- and third-floor units each provide 2 bedrooms and 1 bath, along with private balconies and gas heat; the third-floor unit has been recently refreshed. The basement includes additional laundry and ample storage.
Two driveways provide off-street parking. The property is located in East Watertown/Coolidge Square with convenient access to public transportation and nearby retail and dining options.
The building’s unit mix supports varied household sizes, with amenities including in-unit laundry on the first floor and additional shared laundry in the basement.
Two driveways provide off-street parking. The property is located in East Watertown/Coolidge Square with convenient access to public transportation and nearby retail and dining options.
The building’s unit mix supports varied household sizes, with amenities including in-unit laundry on the first floor and additional shared laundry in the basement.
Key Highlights
- 3‑family building built in 1910 with a 1BD/1BA first‑floor unit and two 2BD/1BA units on the 2nd and 3rd floors
- First‑floor unit has an updated kitchen, recessed lights, in‑unit laundry, and central air
- 2nd- and 3rd‑floor units each offer gas heat and private balconies; the 3rd‑floor unit is recently refreshed
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 | $115.8k | $31.80 |
| − Vacancy | −$5.7k | −$1.57 |
| EGI | $110.1k | $30.23 |
| − OpEx | −$33.0k | −$9.07 |
| NOI | $77.1k | $21.16 |
3,643 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$963.6K – $1.28M
NOI $77,087 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$1.04M
$906.0K – $1.21M
NOI $72,483 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $150,965 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-family property with multiple bedrooms per unit, in-unit laundry, central air on the first floor, and off-street parking.
Where is this triplex located?
The property is located at 34 Irma Ave Watertown, MA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 3‑family building built in 1910 with a 1BD/1BA first‑floor unit and two 2BD/1BA units on the 2nd and 3rd floors; First‑floor unit has an updated kitchen, recessed lights, in‑unit laundry, and central air; 2nd- and 3rd‑floor units each offer gas heat and private balconies; the 3rd‑floor unit is recently refreshed
