33 Melendy Ave Watertown — Photo 1 of 5
Recent Drop: $100,000
$900,000
Investment Analysis — 33 Melendy Ave
Watertown, MA 02472
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 02472 carries an estimated $2,570/mo in gross rent — about a 1.47% cap rate and $13,245/yr in estimated NOI at the $900,000 list price. Adjust every assumption in the calculator below.
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Residential
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Currently occupied as a two family home, the property is ideal for residential development. It is located in the residential 2 Family zone off Mt. Auburn Street near the Cambridge line and is very close to the bus to Harvard Square and Watertown Square. The property is very close to the wonderful shops and restaurants in Coolidge Square, a short distance to Arsenal Yards, The Watertown Mall, the Hosmer elementary school and offers easy access to the Mass Pike via Storrow Drive. Build your next home here! Property Sold "As Is"
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 MLS and other third-party data may be inaccurate or out of date.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 • Public School • Sidewalks
Geography
Property History
$900,000
Was $950,000
Aug 10, 2026
MLS® 73523468
$900,000
Aug 9, 2026
MLS® 73561201
$950,000
Was $1,000,000
Jun 27, 2026
MLS® 73523468
$1,000,000
May 25, 2026
MLS® 73523468
Listing Agent: Delrose Mcshane Team
Listing Office: Coldwell Banker Realty - Belmont
MLS® Number: 73523468