Based on comps and current Watertown rental data, this classic two-family near Arsenal Yards should command strong rents. Each unit (2BR/1BA and 3BR/1BA) likely ranges $3.1K–$3.7K monthly, for a projected total of $6,150–$7,435. With robust demand, low vacancy (under 1%), and average rents trending up for larger multi-families, the estimated payback period on a $1.095M price is about 12–15 years, before expenses. Updates like a newer roof, gas boilers, garage parking, and bonus rooms boost appeal, though the vintage layout or dated finishes could temper premium pricing.
To maximize rent and value, consider light cosmetic upgrades—modern kitchens, refreshed baths, and in-unit laundry add real ROI. Highlight the two-car garage and proximity to Arsenal Yards and transit in marketing. For sellers, timing is favorable: inventory is tight, and investors are targeting stable multi-families in Watertown. If holding, focus on tenant retention and premium amenities to push rents to the upper end of the local range.