Oversized Two-Family
601-603 Main Street Watertown, MA 02472
601-603 Main Street, Watertown, MA, 02472
$1,195,000
For Sale
$1,195,000
Pristine two-family home with eat-in kitchens, formal dining rooms, hardwood floors, and natural gas heating.
Property Size2,614 SF
Price / SF$457.15
Days on Market73
Property Features for 601-603 Main Street
General Information
- Standard status
- Active
- Size
- 2,614 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agency
Coldwell Banker Realty - Waltham
(781) 893-0808
Listed by
Dave DiGregorio · License #449506373
Source
Cjbarrett
Added: May 10 Updated: Jul 20 at 8:14PM Checked: Jul 20 at 8:14PM
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 - Waltham
Investment Insights
Based on property information with market context.
This pristine, oversized two-family residence features bright eat-in kitchens, large living rooms, and formal dining rooms with built-ins. Hardwood flooring runs throughout, supported by natural gas heating. The property also includes a newer roof and a large, relaxing front porch.
The home offers ample off-street parking and is described as within walking distance to public transportation and shops.
As presented, the layout is designed around comfortable living and dining spaces, with both units benefitting from the same hardwood finishes and substantial room sizes.
The home offers ample off-street parking and is described as within walking distance to public transportation and shops.
As presented, the layout is designed around comfortable living and dining spaces, with both units benefitting from the same hardwood finishes and substantial room sizes.
Key Highlights
- Oversized two‑family home built in 1920
- Eat‑in kitchens, large living rooms, and formal dining rooms with built‑ins
- Hardwood flooring throughout
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 | $83.1k | $31.80 |
| − Vacancy | −$4.1k | −$1.57 |
| EGI | $79.0k | $30.23 |
| − OpEx | −$23.7k | −$9.07 |
| NOI | $55.3k | $21.16 |
2,614 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$790.2K
$691.4K – $921.9K
NOI $55,313 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$743.0K
$650.1K – $866.8K
NOI $52,010 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,323 @ 7.0% cap · market cap 9.06%
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 - Pristine two-family home with eat-in kitchens, formal dining rooms, hardwood floors, and natural gas heating.
Where is this duplex located?
The property is located at 601-603 Main Street Watertown, MA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Oversized two‑family home built in 1920; Eat‑in kitchens, large living rooms, and formal dining rooms with built‑ins; Hardwood flooring throughout
