What is the estimated cap rate for 6 Bates Rd E, Watertown, MA 02472?

Based on rent reported on the MLS listing, 6 Bates Rd E, Watertown, MA 02472 (2 units) has an estimated 3.04% cap rate at its $1,250,000 list price, assuming $5,650/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 6 Bates Rd E, Watertown, MA 02472?

The MLS listing reports about $5,650/month in total rent for a 2-unit multi-family in 02472. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

17 Days on market

6 Bates Rd E Watertown — Photo 1 of 22

$1,250,000

Investment Analysis — 6 Bates Rd E

Watertown, MA 02472 — East Watertown

Based on rent reported on the MLS listing, a 2-unit multi-family in 02472 carries $5,650/mo in gross rent — about a 3.04% cap rate and $38,027/yr in estimated NOI at the $1,250,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,200

Style

2 Family - 2 Units Up/Down

Built

1959

Attention investors- don't miss this great opportunity in one of the top neighborhoods in East Watertown with a highly desirable location! Solid two family on a spacious lot with a large rear yard- both units have remodeled kitchens and baths done in 2017, new roof in 2017, resurfaced driveway in 2019, new back entrance done in 2021 (railing, stairs, and door) and replaced supports and beams for decks. There is possible expansion potential in the walk up attic, gas heating systems, and a two car garage. This property has strong rental income, is a stone's throw from Bus 71 to Harvard Sq, short distance to Watertown Sq and Cushing Sq, Belmont, plus I-90, and Storrow Drive. Easy access to shops and restaurants.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Financials

Original Price$1,250,000

Annual Taxes$13,501

Parking

Garage2

Off-Street6

Interior Specifications

Total Rooms10

FireplacesNone

FlooringTile, Hardwood, Wood

BasementPartial, Interior Entry, Garage Access, Concrete

Climate & Utilities

HeatingNatural Gas

CoolingWindow Unit(s)

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationConcrete Perimeter

ZoningSC

Property & Lot

Acres0.12

SqFt Lot5,286

Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator

Neighborhood

Public Transportation • Shopping • House of Worship • Public School • Sidewalks

Geography

Listing Provided By

Listing Agent: Yvonne Logan

Listing Office: Coldwell Banker Realty - Lexington

MLS® Number: 73568445