Active
32 Days on market
146-148 Waverley Ave Watertown — Photo 1 of 41

146-148 Waverley Ave Watertown — Photo 1 of 41

Recent Drop: $50,000

$1,149,000
$1,099,000

$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.

View Standard Listing

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 MLS and other third-party data may be inaccurate or out of date.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.

Immersive Experience

Property Details

Financials

Original Price$1,149,000
Annual Taxes$10,720

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms12
FireplacesNone
FlooringTile, Vinyl, Hardwood
BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingHot Water, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionConventional (2x4-2x6)
RoofShingle
FoundationBlock
ZoningT

Property & Lot

Acres0.15
SqFt Lot6,602
Lot FeaturesCorner Lot

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Bike Path

Geography

Property History

Price Drop
$1,099,000

Was $1,149,000

Sep 1, 2026

MLS® 73562096

Listed
$1,149,000

Aug 11, 2026

MLS® 73562096

Listing Provided By

Listing Agent: Edward Palo

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73562096