Duplex with
For Sale
$1,199,000
Pending
38 Carver Rd E, Watertown, MA 02472
Both residences feature fireplaces, hardwood floors, built-ins, and decks.
Property Size3,072 SF
Days on Market11
Property Features for 38 Carver Rd E
General Information
Standard status
Pending
Size
3,072 SF
Property subtype
Multi Family
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,192
Amenities
decks
fireplaces
built-ins
pantry
high ceilings
sunroom
Building Details
Building Size
3,072 SF
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Fleet Homes Group
(617) 969-9000
Source:
Mgsgrouprealestate
Added: Oct 9
Changed: Oct 19
Last Checked: Oct 19 at 1:03PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 3,072-square-foot duplex, built in 1900, contains two residences with matching basic layouts. Each includes a living room with a wood-burning fireplace, dining room, two bedrooms, kitchen, bath, hardwood flooring, original woodwork, built-ins, pantry space, high ceilings, and a deck. The first-floor residence also has a rear sunroom and updated kitchen and bath; it was updated within the last 10 years. The upper residence has two additional bedrooms on the third floor. An unfinished attic and high-ceiling basement provide additional unfinished space. A one-car garage and driveway parking for 3+ vehicles are on site.
The property is in East Watertown, near Arsenal Yards, shops, restaurants, and green space. The 73 bus to Harvard Square and the Red Line is nearby, with access toward Boston and Cambridge.
The property is in East Watertown, near Arsenal Yards, shops, restaurants, and green space. The 73 bus to Harvard Square and the Red Line is nearby, with access toward Boston and Cambridge.
Key Highlights
- Two‑family duplex with 3,072 square feet of living space
- First‑floor residence updated within the last 10 years, including kitchen and bath
- Upper residence includes two additional third‑floor bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,005
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,300,100
$1.3M
Cap Rate 7%
$928,643
$928.6K
Cap Rate 9%
$722,278
$722.3K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$97.7K $31.80/SF
− Vacancy
−$4.8K −$1.57/SF
EGI
$92.9K $30.23/SF
− OpEx
−$27.9K −$9.07/SF
NOI
$65.0K $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%
$1,300,100
Cap Rate 7%
$928,643
Cap Rate 9%
$722,278
Alternative Uses
Best Use
Multifamily LT 5
$928.6K
$812.6K – $1.08M
NOI $65,005 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$873.2K
$764.0K – $1.02M
NOI $61,122 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,303 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,077
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature fireplaces, hardwood floors, built-ins, and decks.
Where is this duplex located?
The property is located at 38 Carver Rd E Watertown, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two‑family duplex with 3,072 square feet of living space; First‑floor residence updated within the last 10 years, including kitchen and bath; Upper residence includes two additional third‑floor bedrooms
