218 Warren Watertown — Photo 1 of 33
Recent Drop: $10,000
$789,999
Investment Analysis — 218 Warren
Watertown, MA 02472
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02472 carries an estimated $3,210/mo in gross rent — about a 2.72% cap rate and $21,507/yr in estimated NOI at the $789,999 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,426
Style
Single Family
Built
1953
Welcome home to a thoughtfully designed residence where everyday living feels effortless and elevated. The kitchen is the heart of the home, featuring a generous peninsula with abundant prep space and seating for casual gatherings. It flows seamlessly into the bright, open living and dining area, complete with a cozy fireplace and natural light, perfect for entertaining or relaxing. The fully finished lower level adds exceptional flexibility with a full bath and kitchenette, ideal as a guest suite, home office, media room, or bonus living space. Outside, enjoy a private backyard retreat with a pergola-covered patio and raised garden beds. Additional highlights include an under-house garage and energy-saving solar panels. Conveniently located just minutes from Watertown Square with easy access to Cambridge, Boston, and major commuter routes, this home offers comfort, versatility, and an unbeatable location.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 713 sq ft (the lesser of 900 sq ft or half the 1,426 sq ft principal dwelling). Lot size: 3,155 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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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$789,999
Was $799,999
Aug 10, 2026
MLS® 73550208
$799,999
Jul 15, 2026
MLS® 73550208
Listing Agent: The Moving Greater Boston Team
Listing Office: Berkshire Hathaway HomeServices Warren Residential
MLS® Number: 73550208