Duplex with Two-Car
6 Bates Rd E, Watertown, MA 02472
For Sale
$1,250,000
Both apartments have remodeled kitchens and baths, gas heating, and access to off-street parking.
Property Size2,200 SF
Price / SF$568.18
Days on Market10
Property Features for 6 Bates Rd E
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Partial,Interior Entry,Garage Access,Concrete
Tile,Hardwood,Wood
Yes
2
No
4
Insulated Windows,Screens
Electric Dryer Hookup,Washer Hookup
Public Record
Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower,Remodeled,Living Room,Dining Room,Kitchen
2200
Public
Storm Door(s)
0.12
6
Paved Drive,Off Street,Paved
Paved
Rain Gutters
Concrete Perimeter
Public,Dead End
Public Maintained Road
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
Coldwell Banker Realty - Lexington
Listed By:
Yvonne Logan
Source:
Coarealtygroup
Added: Oct 30
Changed: Nov 4
Last Checked: Nov 7 at 6:56AM
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 Coldwell Banker Realty - Lexington
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Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex contains two residential units and includes a two-car garage. Kitchens and bathrooms in both units were remodeled in 2017. The property also has gas heating systems, a walk-up attic, and decks with replaced support beams. The roof was replaced in 2017, the driveway resurfaced in 2019, and a rear entrance with stairs and railing was updated in 2021.
The property is on a 0.12-acre lot in Watertown and is zoned SC. Bus 71 provides service to Harvard Square; Watertown Square, Cushing Square, Belmont, I-90, and Storrow Drive are also cited as nearby destinations. Shops and restaurants are accessible from the property.
The property is on a 0.12-acre lot in Watertown and is zoned SC. Bus 71 provides service to Harvard Square; Watertown Square, Cushing Square, Belmont, I-90, and Storrow Drive are also cited as nearby destinations. Shops and restaurants are accessible from the property.
Key Highlights
- Two residential units in 2,200 square feet
- 0.12‑acre lot with a two‑car garage
- Kitchens and bathrooms in both units remodeled in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,553
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,060
$931.1K
Cap Rate 7%
$665,043
$665.0K
Cap Rate 9%
$517,256
$517.3K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$70.0K $31.80/SF
− Vacancy
−$3.5K −$1.57/SF
EGI
$66.5K $30.23/SF
− OpEx
−$20.0K −$9.07/SF
NOI
$46.6K $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%
$931,060
Cap Rate 7%
$665,043
Cap Rate 9%
$517,256
Alternative Uses
Best Use
Multifamily LT 5
$665.0K
$581.9K – $775.9K
NOI $46,553 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$625.3K
$547.2K – $729.6K
NOI $43,773 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,167 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,333
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
$737,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Watertown, MA
Properties on Market for Duplexes in Watertown
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have remodeled kitchens and baths, gas heating, and access to off-street parking.
Where is this duplex located?
The property is located at 6 Bates Rd E 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: Two residential units in 2,200 square feet; 0.12‑acre lot with a two‑car garage; Kitchens and bathrooms in both units remodeled in 2017
