Two-Family Property with
For Sale
$1,025,000
46-48 Waltham St, Watertown, MA 02472
Two-unit residence with distinct layouts, six bedrooms, and an eat-in kitchen with granite countertops.
Property Size2,640 SF
Days on Market52
Property Features for 46-48 Waltham St
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$10,557
Building Details
Building Size
2,640 SF
Year Built
1971
Stories
2
Units
2
Listing Agency:
Realty Executives
Listed By:
Ari Koufos · License #9056955
(617) 799-8948
Source:
Elliman
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 30 at 3:31PM
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 Realty Executives
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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 in Watertown includes separate residential units with practical room counts and bedroom layouts. The first-floor unit offers 5 rooms, 3 bedrooms, and 1 bath. The second-floor unit contains 6 rooms, 3 bedrooms, an office, and 1 bath. Both living rooms feature fireplaces, while the upper unit also has a mini-split system in the living room for air conditioning. Its eat-in kitchen includes cabinetry and granite counters.
Built in 1971, the property is located at 46-48 Waltham St. Restaurants, shopping, parks, and a bike path are nearby. The location records a bike score of 80, a walk score of 76, and a transit score of 41.
Built in 1971, the property is located at 46-48 Waltham St. Restaurants, shopping, parks, and a bike path are nearby. The location records a bike score of 80, a walk score of 76, and a transit score of 41.
Key Highlights
- Two‑family property built in 1971
- First‑floor unit: 5 rooms, 3 bedrooms, and 1 bath
- Second‑floor unit: 6 rooms, 3 bedrooms, office, and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,863
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,260
$1.1M
Cap Rate 7%
$798,043
$798.0K
Cap Rate 9%
$620,700
$620.7K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$84.0K $31.80/SF
− Vacancy
−$4.1K −$1.57/SF
EGI
$79.8K $30.23/SF
− OpEx
−$23.9K −$9.07/SF
NOI
$55.9K $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%
$1,117,260
Cap Rate 7%
$798,043
Cap Rate 9%
$620,700
Alternative Uses
Best Use
Multifamily LT 5
$798.0K
$698.3K – $931.1K
NOI $55,863 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$750.4K
$656.6K – $875.5K
NOI $52,527 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,401 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,276
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 - Two-unit residence with distinct layouts, six bedrooms, and an eat-in kitchen with granite countertops.
Where is this duplex located?
The property is located at 46-48 Waltham St Watertown, MA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Two‑family property built in 1971; First‑floor unit: 5 rooms, 3 bedrooms, and 1 bath; Second‑floor unit: 6 rooms, 3 bedrooms, office, and 1 bath
