New - 2 days on Rocket
$10,000 Closing Credit¹
#73329216, Brian Fitzpatrick, Listing Office: Coldwell Banker Realty - Waltham
$10,000
closing credit¹
107-109 Nichols Ave Watertown, MA 02472
$2,375,000 List price
$10,000
Closing credit¹
0 beds
5,445 sqft
2.3 acres
$436 / sqft
Multi-Family
Property details
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
Highlights
Home typeMulti Family
StatusActive
Size5,445 sqft
BasementYes
Lot size2.3 Acres
Year built1921
ParkingPaved Drive, Driveway
MLS #73308908
Summary
- MLS Number: 73308908
- MLS Name: MLS Property Information Network
- Office Name: Berkshire Hathaway HomeServices Commonwealth Real Estate
- Office Phone: (617) 926-5280
- Listing Agent: Zahra Zoglauer
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: 1/27/2025, 1:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,375,000
107-109 Nichols Ave
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
7
Hosmer Elementary School
Public District PK-5
0.6 mi
•1 Concord Rd
8
Haggerty
Public District PK-5
0.8 mi
•110 Cushing St
6
Winship Elementary School
Public District PK-5
1.4 mi
•54 Dighton St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $48,443. The most common annual income of people living in Watertown, MA is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
36%
<35k
43%
35k-100k
21%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
54%
Single, No Kids
11%
Single, with Kids
14%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
7%
12-17 yrs old
32%
18-34 yrs old
38%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Art Museums
Tennis
Music Concerts
Where do the neighbors shop?
Bloomingdales
Crate & Barrel
H&M
Where do the neighbors go to eat?
Starbucks
Chipotle
Jack In The Box
What do the neighbors drive?
Audi
BMW
Volkswagen
What do the neighbors listen to?
News
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
Similar homes for sale
$10,000 Closing Credit¹
#73326469, Brendan Malanga, Listing Office: William Raveis R.E. & Home Services
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. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since November 1, 2024 and is currently priced at $2,375,000.
Watertown, MA housing market in December 2024 saw over 12 listings sold above listed price, more than 0 sold at listed price and over 13 sold below. The inventory of homes for sale in Watertown, MA between November and December 2024 decreased by 18.8%. While the average time on the market in December 2024 was 38 days, the median list price was $867,500.
From Rocket Homes Real Estate and based on county public records data.