Two-Family Residential Income
93-95 Poplar Street Watertown, MA 02472
93-95 Poplar Street, Watertown, MA, 02472
$1,325,000
For Sale
$1,325,000
Meticulously maintained two-unit home with 5 bedrooms, updated kitchens and baths, and 4 off-street parking spaces.
Property Size2,771 SF
Price / SF$478.17
Days on Market105
Property Features for 93-95 Poplar Street
General Information
- Standard status
- Active
- Size
- 2,771 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1921
Listing agency
Realty Executives
Listed by
Dan Loprete
(617) 993-4639
Source
Flowrealty
Added: Apr 8 Updated: Jul 21 at 1:57PM Checked: Jul 21 at 1:57PM
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 Realty Executives
Investment Insights
Based on property information with market context.
This two-family residential income property offers a total of two separate units within a well-maintained layout. The first-floor unit includes two bedrooms, one full bathroom, and an additional room that can serve as a home office or sitting area. The second unit spans two levels and features three bedrooms, one full bathroom, a separate bonus room, and an enclosed rear porch off the kitchen.
The property includes four off-street parking spaces, including a two-car garage. Public remarks note renovations and updates over time, including a kitchen renovation completed in 2015 and more recent bathroom updates, along with newer boilers, roof, siding, and windows.
Potential for future expansion is also noted with a partially unfinished attic that may allow for increased square footage. This offering is presented for sale with the opportunity for owner-occupancy or investment ownership.
The property includes four off-street parking spaces, including a two-car garage. Public remarks note renovations and updates over time, including a kitchen renovation completed in 2015 and more recent bathroom updates, along with newer boilers, roof, siding, and windows.
Potential for future expansion is also noted with a partially unfinished attic that may allow for increased square footage. This offering is presented for sale with the opportunity for owner-occupancy or investment ownership.
Key Highlights
- Two‑family home built in 1921 offering over 2,700+ sq ft with 5 bedrooms and 2 full bathrooms
- First‑floor unit: 2 bedrooms, 1 full bath, plus an additional room for a home office or sitting area
- Second unit spans two levels with 3 bedrooms, 1 full bath, a separate bonus room, and an enclosed rear porch off the kitchen
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 | $88.1k | $31.80 |
| − Vacancy | −$4.4k | −$1.57 |
| EGI | $83.8k | $30.23 |
| − OpEx | −$25.1k | −$9.07 |
| NOI | $58.6k | $21.16 |
2,771 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$837.6K
$732.9K – $977.3K
NOI $58,635 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$787.6K
$689.2K – $918.9K
NOI $55,134 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.64M
$1.44M – $1.91M
NOI $114,830 @ 7.0% cap · market cap 8.67%
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 - Meticulously maintained two-unit home with 5 bedrooms, updated kitchens and baths, and 4 off-street parking spaces.
Where is this duplex located?
The property is located at 93-95 Poplar Street Watertown, MA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Two‑family home built in 1921 offering over 2,700+ sq ft with 5 bedrooms and 2 full bathrooms; First‑floor unit: 2 bedrooms, 1 full bath, plus an additional room for a home office or sitting area; Second unit spans two levels with 3 bedrooms, 1 full bath, a separate bonus room, and an enclosed rear porch off the kitchen
