Three-Unit Multifamily
For Sale
$1,215,000
460 Watertown St, Newton, MA 02460
Three two-bedroom residences with separate gas and electric service and basement laundry facilities.
Property Size2,706 SF
Price / SF$449
Days on Market68
Property Features for 460 Watertown St
General Information
Standard status
Active
Size
2,706 SF
Property subtype
3 Family - 3 Units Up/Down
Building Details
Building Size
2,706 SF
Year Built
1895
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Aug 9
Changed: Oct 15
Last Checked: Oct 15 at 1:10AM
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 IVerty Realty, LLC
Investment Insights
Based on property information with market context.
This 1895 multifamily property contains three residential units, each configured with two bedrooms and one bathroom. Separate gas and electric service serves the units, while the basement includes coin-operated laundry equipment.
The property is located on Watertown St in Nonantum, within walking distance of stores, shops, restaurants, and parks. Drive access provides connectivity to surrounding towns and cities.
The property is located on Watertown St in Nonantum, within walking distance of stores, shops, restaurants, and parks. Drive access provides connectivity to surrounding towns and cities.
Key Highlights
- Three residential units, each with 2 bedrooms and 1 bathroom
- Separate gas and electric service for each unit
- Coin‑operated laundry in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,260
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,200
$1.1M
Cap Rate 7%
$818,000
$818.0K
Cap Rate 9%
$636,222
$636.2K
Market Conditions
NOI Build-Up for 2,706 SF
Gross rent
$86.1K $31.80/SF
− Vacancy
−$4.3K −$1.57/SF
EGI
$81.8K $30.23/SF
− OpEx
−$24.5K −$9.07/SF
NOI
$57.3K $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%
$1,145,200
Cap Rate 7%
$818,000
Cap Rate 9%
$636,222
Alternative Uses
Best Use
Multifamily LT 5
$818.0K
$715.8K – $954.3K
NOI $57,260 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$769.1K
$673.0K – $897.3K
NOI $53,840 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,136 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,768
Businesses Nearby
Explore this area
Business Placement
Demographics for 02460, MA
9,204
Population
4,171
Households
2.2
Avg Household Size
43
Median Age
78%
College-Educated
98%
High-School Grad
1.3 sq mi
ZIP Area
7,080
Density / Sq Mi
$154,329
Median Household Income
$82,458
Median Earnings
$2,606
Median Rent
$1,124,300
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences with separate gas and electric service and basement laundry facilities.
Where is this triplex located?
The property is located at 460 Watertown St Newton, MA.
What is the asking price?
The asking price for this property is $1,215,000.
What are key features of this property?
This property features: Three residential units, each with 2 bedrooms and 1 bathroom; Separate gas and electric service for each unit; Coin‑operated laundry in the basement
