107-109 Nichols AvenueWatertown, MA 02472MLS Number 73308908

  • Price: $2,375,000
  • Est. Mortgage of $/month
  • 141 Days on Market
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Federal 30-year interest rate: 6.67% last updated on Mar 20, 2025
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Under Agreement
107-109 Nichols Avenue Watertown MA 02472107-109 Nichols Avenue Watertown MA 02472107-109 Nichols Avenue Watertown MA 02472107-109 Nichols Avenue Watertown MA 02472107-109 Nichols Avenue Watertown MA 02472107-109 Nichols Avenue Watertown MA 02472
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  • 2.3Acreage
  • 1921Year Built
  • 5,445Square Feet

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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

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More Info

Basic Information

  • Gross Income $166,800
  • Lot Features Corner Lot
  • Mls StatusUnder Agreement

Building

  • BasementWalk-Out Access
  • Building Area Units Square Feet
  • FoundationConcrete Perimeter
  • Levels 4
  • Rooms16
  • Stories4
  • Units6
  • Year Built1921
  • Year Built Details Actual
  • Year Built Source Public Records

Other

  • Date Listed11/01/2024
  • Farm Land Area Units Square Feet
  • View Count21

Tax Information

  • Tax Assessed Value $1,219,300
  • Tax Year 2024
  • Taxes$23

Basic Information

  • List Price$2,375,000
  • MLS Number73308908
  • Modification Date02/24/2025
  • Property SubType5+ Family - 5+ Units Side by Side
  • Purchase Contract Date02/24/2025

Property

  • Acreage2.3

Property Information

  • Building Area Source Other
  • Living Area 5,445
  • Lot Size Square Feet 99,999
  • Lot Size Units Acres
  • Square Feet5,445

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Driveway
  • Parking Spaces6

Location

  • Address107-109 Nichols Avenue
  • Building Number107-109
  • CountyMiddlesex
  • StateMA
  • StreetNichols Avenue
  • TownWatertown
  • Zip02472

Utilities

  • Sewer Public Sewer
  • Water Source Public

Watertown, MA Real Estate Market Data

There is no data available

Watertown, MA Demographics

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Watertown, MA Schools

School NameDistanceTypeGrades

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