Two-Family Duplex with Bonus
New
For Sale
$769,000
52 Watts St, Chelsea, MA 02150
Two separate apartments feature hardwood floors, private utilities, and distinct living and dining areas.
Property Size2,244 SF
Price / SF$342.69
Days on Market6
Property Features for 52 Watts St
General Information
Standard status
Active
Size
2,244 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R3
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$7,227
Amenities
private driveway
backyard
full-sized basement
Building Details
Building Size
2,244 SF
Year Built
1900
Buildings
1
Listing Agency:
Broad Sound Real Estate, LLC
Listed By:
Nicholas Daher
(978) 423-7782
Source:
413realestate
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 28 at 4:56AM
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 Broad Sound Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 2,244-square-foot duplex contains two two-bedroom apartments, each with more than 1,000 square feet of living area. Both units have hardwood flooring, a living room, and a separate dining area; the upstairs apartment also includes a bonus room. The property has a full basement for storage, a rubber roof, separate utilities for each unit, oil heat, and gas cooking. It was built in 1900 and is fully vacant. A private driveway provides off-street parking, and the property includes a backyard.
The home is within walking distance of the MBTA Silver Line, with access to Boston via the Tobin Bridge and Sumner Tunnel.
The home is within walking distance of the MBTA Silver Line, with access to Boston via the Tobin Bridge and Sumner Tunnel.
Key Highlights
- 2,244‑square‑foot duplex with two two‑bedroom apartments, each exceeding 1,000 square feet
- Upstairs unit includes an additional bonus room
- Hardwood flooring, separate living and dining rooms, and private utilities in both apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,751
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,020
$855.0K
Cap Rate 7%
$610,729
$610.7K
Cap Rate 9%
$475,011
$475.0K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$64.6K $28.80/SF
− Vacancy
−$3.6K −$1.58/SF
EGI
$61.1K $27.22/SF
− OpEx
−$18.3K −$8.16/SF
NOI
$42.8K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,020
Cap Rate 7%
$610,729
Cap Rate 9%
$475,011
Alternative Uses
Best Use
Multifamily LT 5
$610.7K
$534.4K – $712.5K
NOI $42,751 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$556.9K
$487.3K – $649.7K
NOI $38,981 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,991 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,816
Businesses Nearby
Explore this area
Business Placement
Demographics for 02150, MA
40,721
Population
14,162
Households
2.9
Avg Household Size
34
Median Age
22%
College-Educated
69%
High-School Grad
2.2 sq mi
ZIP Area
18,510
Density / Sq Mi
$72,122
Median Household Income
$41,046
Median Earnings
$1,861
Median Rent
$476,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments feature hardwood floors, private utilities, and distinct living and dining areas.
Where is this duplex located?
The property is located at 52 Watts St Chelsea, MA.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: 2,244‑square‑foot duplex with two two‑bedroom apartments, each exceeding 1,000 square feet; Upstairs unit includes an additional bonus room; Hardwood flooring, separate living and dining rooms, and private utilities in both apartments
