
146-148 Waverley Ave Watertown — Photo 1 of 41
Recent Drop: $50,000
$1,099,000
Investment Analysis — 146-148 Waverley Ave
Watertown, MA 02472
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02472 carries an estimated $6,420/mo in gross rent — about a 4.35% cap rate and $47,830/yr in estimated NOI at the $1,099,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,312
Style
Multi Family
Built
1930
Exceptional opportunity to own a spacious two-family in one of Watertown's most sought-after neighborhoods. Offering over 2,300 sq ft of living space, each unit features 2 bedrooms, 1 full bath, hardwood floors, separate living and dining rooms, generous kitchens, and abundant natural light, creating layouts that appeal to both owner-occupants and investors. Recent improvements include a new roof, leaf-blocking gutters, and a fully renovated first-floor including the bathroom. The fenced corner lot provides outdoor space, while off-street parking adds convenience. Ideally situated just minutes from Watertown Square, Arsenal Yards, the Charles River Greenway, restaurants, shopping, public transportation, and major commuter routes with easy access to Boston and Cambridge. Whether you're looking to generate rental income, occupy one unit while offsetting your mortgage, or expand your investment portfolio, this property offers flexibility and long-term value in a high-demand location!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Bike Path
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Property History
$1,099,000
Was $1,149,000
Sep 1, 2026
MLS® 73562096
$1,149,000
Aug 11, 2026
MLS® 73562096
Listing Agent: Edward Palo
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73562096