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Jackson Wells Acquires Multifamily Asset At 7 Oliver Road Watertown For $1M With Harvard Real Estate As Buyer's Rep

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SOLD
$1,000,000

Massachusetts

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MultiFamily2,200 SF
Sold
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Property Image
SOLD

Jackson Wells Acquires Multifamily Asset At 7 Oliver Road Watertown For $1M With Harvard Real Estate As Buyer's Rep

7 Oliver Road

See Similar Deals
MultiFamily2,200 SF
Sold
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$454
Total Square Footage:2,200 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 7 Oliver Road in Watertown, MA. The sale price for this asset was $1,000,000, encompassing 2 units within a total area of 2,200 square feet, resulting in a price per unit of $500,000 and a price per square foot of $454.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Units: 2
  • Price per Unit: $500,000
  • Square Footage: 2,200
  • Price per Square Foot: $454
  • Buyer: Jackson Wells
  • Seller: Rajeev Pattni
  • Buyer's Representative: Jackson Wells - Harvard Real Estate

The deal involves key individuals such as the buyer Jackson Wells and the seller Rajeev Pattni, with Jackson Wells also representing himself through Harvard Real Estate. This transaction highlights the engagement of Jackson Wells as both the buyer and representative in this multifamily property deal.

Players

Jackson Wells
Harvard Real Estate
Jackson Wells
24 deals$30.4M volume
BROKER
Jackson Wells
Jackson Wells
24 deals$30.4M volume
BUYER
Harvard Real Estate
Harvard Real Estate
SELLER

Details

SOLD
IMAGE: Jackson Wells DATE: 8/8/2025 ADDRESS: 7 Oliver Road MARKET: Watertown, MA ASSET TYPE: Multifamily BUYER: Jackson Wells SELLER: Rajeev Pattni BUYER'S REP: Jackson Wells (@WacoWells) - Harvard Real Estate (@Harvard.Real.Estate) SALE PRICE: $1,000,000 UNITS: 2 ~ PPU: $500,000 SF: 2,200 ~ PPSF: $454

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
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