new - 4 days on rocket

107-109 Nichols Ave, Watertown, MA, 02472

$2,375,000

Home List Price

$10,000*

Closing Credit

0 Baths
5,445 SqFt
$436/SqFt
Multi

Location

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107-109 Nichols Ave, Watertown$2,375,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved Drive, Driveway
Year Built1921
BasementYes
MLS #73308908
Lot Size2.30 Acres
StatusActive

About 107-109 Nichols Ave

Discover a prime investment opportunity With approximately 130k of NOI. This fully-rented, 6-unit mixed-use property is situated in a highly desirable location.2 expansive residential units and four profitable commercial spaces offer a diverse income stream. Over 2500 SQF residential units have a private entrance on the second floor. Include a spacious 3-BR, 2-BA home with an open floor plan. Modern kitchen with/ updated appliances and quality finishes throughout, in-unit laundry, central AC, and 6 parking enhance comfort and convenience. Over 3500 sqft of well-maintained commercial space on the ground floor is currently occupied by 4 thriving businesses, including a well-stocked grocery store and a popular restaurant. The grocery store serves exceptional food and is a staple in the community. The restaurant, known for its high traffic and delicious menu, attracts a steady stream of customers. Potential for increased income on all units. Perfect 1031 Exchange Investment

Property Details

Property Features

Property Information:

  • Year Built: 1921
  • Living Area: 5,445 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Commonwealth Real Estate
  • Office Phone: (617) 926-5280
  • Listing Agent: Zahra Zoglauer

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Paved Drive, Driveway

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 2.30 Acres

Other

Directions Information:

  • Directions: corner of the Dexter and Nichols Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,375,000
  • Price Per SqFt: $436/SqFt
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Housing Market Comparison

See how this home compares to others in Watertown, MA.

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Watertown, MA

City

Med. Sold Price

$842K

Med. Price/SqFt

$529

Avg. Days On Market

25

# of Sold Homes

26

107-109 Nichols Ave vs Watertown

4 DAYS ON ROCKET

-21 Days

$2,375,000

+$1.5M More

$436/SqFt

-$93 Less

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $93/SqFt less than other homes in Watertown, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73308908

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Commonwealth Real Estate
  • Office Phone: (617) 926-5280
  • Listing Agent: Zahra Zoglauer

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 6:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$11.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,187

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2097163
4
/10

  • Hosmer

  • 1 Concord Rd

  • 0.57 miles

  • Public District Grades PK-5

school-card-donut-2097164
9
/10

  • Haggerty

  • 110 Cushing St

  • 0.74 miles

  • Public District Grades PK-5

school-card-donut-2097165
6
/10

  • Winship Elementary School

  • 54 Dighton St

  • 1.37 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,443. Typical income of Watertown, MA residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Watertown›02472›107-109 Nichols Ave

This home is located at 107-109 Nichols Ave in Watertown, MA and zip code 02472. This 5,445 square foot home, which was built in 1921, sits on a 2.30 acre lot. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $2,375,000.

In October 2024 more than 12 listings in Watertown, MA were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 10 were sold below. Between September 2024 and October 2024, Watertown, MA real estate market has seen increase in the number of listings by 29.3%. The median list price of listings available in October 2024 was $842,000, while the average time on the real estate market was 25 days.

From Rocket Homes Real Estate and based on county public records data.

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