Oversized Two-Family
601-603 Main Street Watertown, MA 02472
601-603 Main Street, Watertown, MA, 02472
$1,099,900
For Sale
$1,099,900
Pristine two-family duplex with eat-in kitchens, formal dining rooms, hardwood floors, and natural gas heating.
Property Size2,614 SF
Price / SF$420.77
Days on Market71
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
Listed by
Dave DiGregorio
(617) 696-6100
Source
Kelleyrege
Added: May 12 Updated: Jul 21 at 7:52AM Checked: Jul 21 at 7:52AM
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 duplex offers bright eat-in kitchens and large living rooms in each unit. Formal dining rooms with built-ins, hardwood flooring throughout, and natural gas heating support everyday comfort and practical maintenance.
The property includes a large relaxing front porch and ample off-street parking. Public remarks also note convenient walkability to public transportation and shops.
Recent improvements include a newer roof. The overall configuration emphasizes spacious interiors, strong finishes, and a well-rounded liveability setup for a residential income buyer.
The property includes a large relaxing front porch and ample off-street parking. Public remarks also note convenient walkability to public transportation and shops.
Recent improvements include a newer roof. The overall configuration emphasizes spacious interiors, strong finishes, and a well-rounded liveability setup for a residential income buyer.
Key Highlights
- Two‑family duplex built in 1920
- Bright eat‑in kitchens
- Large living rooms and formal dining rooms with built‑ins
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 5.03%
Second Best
Apartment 5plus
$743.0K
$650.1K – $866.8K
NOI $52,010 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,323 @ 7.0% cap · market cap 9.85%
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 duplex 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 $1,099,900.
What are key features of this property?
This property features: Two‑family duplex built in 1920; Bright eat‑in kitchens; Large living rooms and formal dining rooms with built‑ins
