Duplex with Private
40-42 Irving St, Watertown, MA 02472
For Sale
$850,000
Two paved off-street driveways provide parking, with additional outdoor space behind the house.
Property Size3,078 SF
Price / SF$276.15
Days on Market12
Property Features for 40-42 Irving St
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Building Details
Year Built
Listing Agency:
Ferrari Real Estate Corp.
(617) 212-7625
Listed By:
Kathleen Nicoloro
(617) 314-2181
Source:
Lockandkeyre
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 7 at 1:32PM
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 Ferrari Real Estate Corp.
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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 3,078-square-foot duplex in Watertown was built in 1855 and includes a backyard and two paved off-street driveways. Some systems have been updated. The property is being sold in its present condition.
Arsenal Yards, Cambridge, Harvard, Bentley, Boston University and Boston College are among the named destinations in the surrounding area. Shops, hospitals, public transportation and the Charles River are also identified nearby.
Arsenal Yards, Cambridge, Harvard, Bentley, Boston University and Boston College are among the named destinations in the surrounding area. Shops, hospitals, public transportation and the Charles River are also identified nearby.
Key Highlights
- 3,078‑square‑foot duplex built in 1855
- Backyard and 2 paved off‑street driveways
- Some systems are newer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,132
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,302,640
$1.3M
Cap Rate 7%
$930,457
$930.5K
Cap Rate 9%
$723,689
$723.7K
Market Conditions
NOI Build-Up for 3,078 SF
Gross rent
$97.9K $31.80/SF
− Vacancy
−$4.8K −$1.57/SF
EGI
$93.0K $30.23/SF
− OpEx
−$27.9K −$9.07/SF
NOI
$65.1K $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%
$1,302,640
Cap Rate 7%
$930,457
Cap Rate 9%
$723,689
Alternative Uses
Best Use
Multifamily LT 5
$930.5K
$814.2K – $1.09M
NOI $65,132 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$874.9K
$765.5K – $1.02M
NOI $61,242 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$1.82M
$1.59M – $2.13M
NOI $127,552 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,738
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 - Two paved off-street driveways provide parking, with additional outdoor space behind the house.
Where is this duplex located?
The property is located at 40-42 Irving St Watertown, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,078‑square‑foot duplex built in 1855; Backyard and 2 paved off‑street driveways; Some systems are newer
