Two-Unit Duplex with Rear
New
For Sale
$1,099,000
44-46 Quimby Street, Watertown, MA 02472
The vacant lower residence combines three bedrooms with updated finishes, while the occupied upper unit includes laundry and a sunroom.
Property Size2,176 SF
Price / SF$505.06
Days on Market7
Property Features for 44-46 Quimby Street
General Information
Standard status
Active
Size
2,176 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Amenities
rear decks
shared backyard
in-unit laundry
Building Details
Year Built
1935
Buildings
1
Tenancy
Single
Listing Agency:
Lamacchia Realty,Inc.
Listed By:
Adriana Scholz
(781) 983-7858
Source:
Stevebremis
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 24 at 10:22PM
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 Lamacchia Realty,Inc.
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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 two-family property contains 2,176 square feet across two residences. The first-floor unit is vacant and has three bedrooms, one full bath, refinished hardwood floors, fresh paint, replacement windows, original wood details, built-ins, and a kitchen with new flooring and appliances. Deleading is complete, with a Certificate of Compliance. The upper unit has two bedrooms, one full bath, hardwood floors, in-unit laundry, and a sunroom; it is occupied under a lease through July 2027.
Both residences have rear decks facing a shared, fenced backyard. The property also includes a one-car garage used for storage and off-street parking for approximately 4–6 vehicles. Improvements include two new oil tanks, two new hot water heaters, updated 100-amp electrical panels, and separate utilities.
Watertown Square, Arsenal Yards, the Charles River Greenway, public transportation, and routes toward Cambridge and Boston are nearby.
Both residences have rear decks facing a shared, fenced backyard. The property also includes a one-car garage used for storage and off-street parking for approximately 4–6 vehicles. Improvements include two new oil tanks, two new hot water heaters, updated 100-amp electrical panels, and separate utilities.
Watertown Square, Arsenal Yards, the Charles River Greenway, public transportation, and routes toward Cambridge and Boston are nearby.
Key Highlights
- Two‑family property with 2,176 square feet of living space
- First‑floor unit: 3 bedrooms and 1 full bath; upper unit: 2 bedrooms and 1 full bath
- Upper unit includes a sunroom and in‑unit laundry; lease runs through July 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,045
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,900
$920.9K
Cap Rate 7%
$657,786
$657.8K
Cap Rate 9%
$511,611
$511.6K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$69.2K $31.80/SF
− Vacancy
−$3.4K −$1.57/SF
EGI
$65.8K $30.23/SF
− OpEx
−$19.7K −$9.07/SF
NOI
$46.0K $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%
$920,900
Cap Rate 7%
$657,786
Cap Rate 9%
$511,611
Alternative Uses
Best Use
Multifamily LT 5
$657.8K
$575.6K – $767.4K
NOI $46,045 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$618.5K
$541.2K – $721.6K
NOI $43,295 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,173 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,370
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The vacant lower residence combines three bedrooms with updated finishes, while the occupied upper unit includes laundry and a sunroom.
Where is this duplex located?
The property is located at 44-46 Quimby Street Watertown, MA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two‑family property with 2,176 square feet of living space; First‑floor unit: 3 bedrooms and 1 full bath; upper unit: 2 bedrooms and 1 full bath; Upper unit includes a sunroom and in‑unit laundry; lease runs through July 2027
