CCertihomes
108 Water St, Watertown, MA 02472

$3,900,000

0 beds 8 baths 21,600 sqft Built 1963Active

About this home

Don't miss out on this rare opportunity to invest in a value-add property located in one of Boston's hottest suburbs. With strong rental history and booming local economy, this boutique property offers incredible potential for investors and owner-users alike. Spanning approximately 21, 600 square feet on 19, 428 square foot of land, this property is zoned for office, lab, and other hi-tech uses. With low market rents, there is tremendous upside for rental income growth. On-site parking ensures convenience for tenants and visitors. Located adjacent to the Charles River walking and cycling paths, this property offers easy access to Boston, Cambridge, and the Mass Turnpike. The surrounding area boasts a vibrant and thriving community, making it an attractive destination for businesses and residents. Offered for the first time in a generation, this property presents an exceptional opportunity for investors and owner-users.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$25,790/mo

Real estate (PITI + HOA + PMI)
$26,387
Principal + interest$17,688
Property tax + insurance$7,236
PMI / 2nd mortgage$1,463
Utilities
$1,300
Heating + cooling$488
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$112
Car insurance + maintenance$112
Other (entertainment)
$158
$25,790/mo TLC
Budget$26,290/mo
Remaining after TLC$500/mo
Purchase price
$3,900,000
Down payment
$195,000 (5%)
Loan amount
$3,705,000
APR
4%

Quick facts

Type
COM
Style
Year built
1963
Lot size
0.45 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$34,228
MLS #
73211295
County
Middlesex

Neighborhood — 02472

MetricThis ZIPCountyUSA
Population32,5236,444,931299,088,112
Population Change Since1990-3.00%7.00%20.00%
Population Density7,763786
Male15,2463,127,134147,432,321
Female17,2773,317,797151,655,844
Never Married11,8691,612,88563,775,926
Married11,4782,586,314123,120,365
Separated1,285247,85712,639,686
Widowed2,254363,59415,467,586
Divorced1,786436,88823,075,029
Number Of House Hold14,3252,431,591111,826,380
Average House Hold Size2.182.562.60
Medial Age38.3237.2535.46
Median House Hold Income$68,864$57,698$48,276
Average House Hold Income$90,271$75,023$63,629
P C I$41,459$29,196$24,529
M D I$56,367$48,105$41,133
A T H E$65,204$57,083$50,898
S T R5.00%5.00%
W C J73.32%81.38%77.74%
(Zip) Code
2472

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Open in Google Maps →
MLSPIN

Listing information last refreshed 3/12/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.

108 Water St · Watertown — $3,900,000 · Certihomes