Renovated Two-Family
8-10 Purvis Street Watertown, MA 02472
8-10 Purvis Street, Watertown, MA, 02472
$2,298,000
For Sale
$2,298,000
Two renovated units with fireplaces, central air, in-unit laundry, separate fenced yards, and a two-car garage with off-street parking.
Property Size3,912 SF
Price / SF$587.42
Days on Market100
Property Features for 8-10 Purvis Street
General Information
- Standard status
- Active
- Size
- 3,912 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Lamacchia Realty,Inc.
Listed by
Suzanna Krmzian
(617) 750-6378
Source
Benoitrealestate
Added: Apr 13 Updated: Jul 21 at 12:22AM Checked: Jul 21 at 9:19AM
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 Lamacchia Realty,Inc.
Investment Insights
Based on property information with market context.
This beautifully renovated two-family offers expansive, design-forward layouts across two units, each featuring sun-filled open-concept living and dining areas with fireplaces and oversized windows. Kitchens include center islands, stone countertops, custom cabinetry, and premium fixtures suited for entertaining. Spacious bedrooms offer walk-in closets, while designer baths feature sleek tile work and glass showers. The upper unit extends to a bonus loft level, providing additional space for a home office, guest suite, or extra living area.
Located off Main St, the property is near Watertown Square, Arsenal Yards, the Charles River Greenway, and Mount Auburn Street. Commuting access is supported by nearby Routes 20 and 16, as well as easy access to the Mass Pike for trips into Boston.
Additional amenities include central air, in-unit laundry, separate fenced yard areas for each unit, and a two-car garage with dedicated sides plus off-street parking.
Located off Main St, the property is near Watertown Square, Arsenal Yards, the Charles River Greenway, and Mount Auburn Street. Commuting access is supported by nearby Routes 20 and 16, as well as easy access to the Mass Pike for trips into Boston.
Additional amenities include central air, in-unit laundry, separate fenced yard areas for each unit, and a two-car garage with dedicated sides plus off-street parking.
Key Highlights
- Renovated two‑family built in 1910 with two separate, spacious units for flexible household living
- Each unit offers sun‑filled open‑concept living and dining areas with fireplaces and oversized windows
- Designer kitchens feature center islands, stone countertops, custom cabinetry, and premium fixtures
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 | $124.4k | $31.80 |
| − Vacancy | −$6.1k | −$1.57 |
| EGI | $118.3k | $30.23 |
| − OpEx | −$35.5k | −$9.07 |
| NOI | $82.8k | $21.16 |
3,912 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.38M
NOI $82,779 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$1.11M
$973.0K – $1.30M
NOI $77,836 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,112 @ 7.0% cap · market cap 7.05%
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 - Two renovated units with fireplaces, central air, in-unit laundry, separate fenced yards, and a two-car garage with off-street parking.
Where is this duplex located?
The property is located at 8-10 Purvis Street Watertown, MA.
What is the asking price?
The asking price for this property is $2,298,000.
What are key features of this property?
This property features: Renovated two‑family built in 1910 with two separate, spacious units for flexible household living; Each unit offers sun‑filled open‑concept living and dining areas with fireplaces and oversized windows; Designer kitchens feature center islands, stone countertops, custom cabinetry, and premium fixtures
