Winchester Two-Family
For Sale
$1,110,000
63-65 Harvard Street, Winchester, MA 01890
Two-unit property in Winchester with strong rental income potential.
Property Size2,186 SF
Price / SF$507.78
Days on Market161
Property Features for 63-65 Harvard Street
General Information
Standard status
Active
Size
2,186 SF
Total Parking Spaces
9
Property subtype
Multi-Family
Zoning
RG
Net Operating Income
$72,000
Taxes and HOA fees
Annual Taxes
$11,374
Building Details
Building Size
2,186 SF
Year Built
1880
Stories
3
Listing Agency:
Keller Williams Realty Boston Northwest
(781) 862-2800
Listed By:
Beth Sager Group
(617) 797-1422
Source:
Churchillprop
Added: May 9
Changed: Oct 6
Last Checked: Oct 16 at 7:09AM
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 Keller Williams Realty Boston Northwest
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Investment Insights
Based on property information with market context.
This two-family home in Winchester presents an opportunity for owner-occupancy with rental income or long-term investment. The property features a larger unit spanning the second and third floors, offering three bedrooms and two full baths. This unit provides a living space comparable to a single-family home. The first-floor unit includes two bedrooms and one full bath, suitable for rental income, extended family, or multi-generational living. Each unit has its own garage space, and there is a long driveway with additional parking. The layout provides separation and functionality. The property's location offers access to Winchester Public Schools.
Key Highlights
- Two‑family home in a desirable location with access to Winchester Public Schools.
- Larger unit (2nd & 3rd floors) features 3 bedrooms and 2 full baths, offering single‑family home living space.
- First‑floor unit includes 2 bedrooms and 1 full bath, suitable for rental income or multi‑generational living.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,257
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,140
$925.1K
Cap Rate 7%
$660,814
$660.8K
Cap Rate 9%
$513,967
$514.0K
Market Conditions
NOI Build-Up for 2,186 SF
Gross rent
$69.5K $31.80/SF
− Vacancy
−$3.4K −$1.57/SF
EGI
$66.1K $30.23/SF
− OpEx
−$19.8K −$9.07/SF
NOI
$46.3K $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%
$925,140
Cap Rate 7%
$660,814
Cap Rate 9%
$513,967
Alternative Uses
Best Use
Multifamily LT 5
$660.8K
$578.2K – $771.0K
NOI $46,257 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$621.3K
$543.7K – $724.9K
NOI $43,494 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,587 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
Explore this area
Business Placement
Demographics for 01890, MA
22,970
Population
8,283
Households
2.8
Avg Household Size
43
Median Age
78%
College-Educated
97%
High-School Grad
6.0 sq mi
ZIP Area
3,828
Density / Sq Mi
$218,176
Median Household Income
$107,083
Median Earnings
$2,271
Median Rent
$1,181,700
Median Home Value
Check the figures for this property
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-unit property in Winchester with strong rental income potential.
Where is this duplex located?
The property is located at 63-65 Harvard Street Winchester, MA.
What is the asking price?
The asking price for this property is $1,110,000.
What are key features of this property?
This property features: Two‑family home in a desirable location with access to Winchester Public Schools.; Larger unit (2nd & 3rd floors) features **3 bedrooms and 2 full baths**, offering single‑family home living space.; First‑floor unit includes 2 bedrooms and 1 full bath, suitable for rental income or multi‑generational living.
