28 Appleton St Watertown — Photo 1 of 23
Recent Drop: $51,000
$1,299,000
Investment Analysis — 28 Appleton St
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 $7,460/mo in gross rent — about a 4.20% cap rate and $54,523/yr in estimated NOI at the $1,299,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2
SqFt
2,889
Style
2 Family - 2 Units Up/Down
Built
1910
Exceptional opportunity to own this spacious 13-room, 6-bedroom, 2-bath multi-family home on a prominent corner lot in desirable East Watertown. Offering the perfect blend of size, location, and future potential, this classic property is filled w/ character, featuring a welcoming farmer's porch, high ceilings, oversized rooms, in-lead windows, and abundant natural light. The 1st floor unit offers 2 bedrooms, 1 bath, hardwood floors, generous living/dining area, and a convenient pantry. The upper unit spans 2 levels w/ 4 bedrooms, 1 bath, expansive living space, and endless possibilities for customization. The grounds are well manicured w/ mature plantings, paver walkway, patio, stone retaining wall, and 3 car wide paver driveway. Ideal for owner-occupants, investors, multi-generational living. Conveniently located steps from Coolidge Square, restaurants, shopping, parks, and public transit, w/ easy access to Arsenal Yards, Cambridge, Boston. A rare opportunity in a great neighborhood.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Bike Path
Geography
Property History
$1,299,000
Was $1,350,000
Sep 9, 2026
MLS® 73549206
$1,350,000
Jul 14, 2026
MLS® 73549206
Listing Agent: Bob Airasian
Listing Office: Coldwell Banker Realty - Belmont
MLS® Number: 73549206