33 Melendy Ave Watertown — Photo 1 of 5
$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 2-unit multi-family in 02472 carries an estimated $6,550/mo in gross rent — about a 5.50% cap rate and $49,543/yr in estimated NOI at the $900,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
2,227
Style
Multi Family
Built
1920
Developers and Contractors!! Presenting a multi-opportunity property. Do a complete gut renovation and restore to its original single family glory, renovate as 2 units and sell as condominiums, add on a second unit or ADU to suit your needs or knock down and build two new condominium units. Sited on 7,500 sq ft, the property is conveniently located off Mt. Auburn St near vibrant Coolidge Sq. with restaurants and wonderful small shops. Immediate access to busline to Harvard Sq and Watertown Sq. Also a short distance to Arsenal Yards!
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$900,000
Aug 9, 2026
MLS® 73561201
$900,000
May 25, 2026
MLS® 73523468
Listing Agent: Delrose Mcshane Team
Listing Office: Coldwell Banker Realty - Belmont
MLS® Number: 73561201