Two-Family Residential Income
5 Hearn Street Watertown, MA 02472
5 Hearn Street, Watertown, MA, 02472
$1,250,000
For Sale
$1,250,000
Two-unit home with updated kitchens and baths, featuring a rented 2 bed/1 bath unit and a 3 bed/2 bath upper duplex.
Property Size2,400 SF
Price / SF$520.83
Days on Market70
Property Features for 5 Hearn Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1927
Listing agency
Block Realty
Listed by
AD Advisors Team
(617) 993-4639
Source
Flowrealty
Added: May 13 Updated: Jul 21 at 2:44PM Checked: Jul 21 at 2:44PM
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 Block Realty
Investment Insights
Based on property information with market context.
5 Hearn Street is a well-maintained two-family residential income property with a first-floor 2-bedroom, 1-bath unit and an upper 3-bedroom, 2-bath duplex spanning the top two levels. The home is described as turnkey, with updated kitchens and modern baths and no immediate projects noted. Major systems including heat, hot water tanks, roof, and vinyl siding are stated to be in solid condition.
The first-floor unit is currently rented through August. The top-floor primary suite includes a walk-in closet and skylights, along with a spacious layout.
Located near Mt. Auburn Street on the Cambridge/Belmont line, the property is close to Mt. Auburn Hospital, cafés, supermarkets, bike paths, public transit, and Watertown-area amenities.
The first-floor unit is currently rented through August. The top-floor primary suite includes a walk-in closet and skylights, along with a spacious layout.
Located near Mt. Auburn Street on the Cambridge/Belmont line, the property is close to Mt. Auburn Hospital, cafés, supermarkets, bike paths, public transit, and Watertown-area amenities.
Key Highlights
- 1927‑built 2‑family home with a rented 2 bed/1 bath first‑floor unit and a 3 bed/2 bath upper duplex
- First‑floor unit is currently rented through August
- Updated kitchens and modern baths in both units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.3k | $31.80 |
| − Vacancy | −$3.8k | −$1.57 |
| EGI | $72.5k | $30.23 |
| − OpEx | −$21.8k | −$9.07 |
| NOI | $50.8k | $21.16 |
2,400 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$725.5K
$634.8K – $846.4K
NOI $50,785 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$682.2K
$596.9K – $795.9K
NOI $47,752 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,455 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit home with updated kitchens and baths, featuring a rented 2 bed/1 bath unit and a 3 bed/2 bath upper duplex.
Where is this duplex located?
The property is located at 5 Hearn Street Watertown, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1927‑built 2‑family home with a rented 2 bed/1 bath first‑floor unit and a 3 bed/2 bath upper duplex; First‑floor unit is currently rented through August; Updated kitchens and modern baths in both units
