47 Water Street Winchester — Photo 1 of 30
$950,000
Investment Analysis — 47 Water Street
Winchester, MA 01890
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01890 carries an estimated $3,730/mo in gross rent — about a 2.49% cap rate and $23,609/yr in estimated NOI at the $950,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,356
Style
Single Family
Built
1940
Warmth, charm, and an exceptional location come together in this inviting 3-bedroom home. Beautiful wood floors, natural woodwork, French doors, and custom built-ins add character throughout. Generous living spaces provide room to gather, relax, and entertain, while the home's classic appeal offers the perfect opportunity to enjoy today or personalize over time. A detached 2-car garage adds convenience and additional storage, and a half bath is located in the unfinished basement. Just 1 mile from Winchester Center, enjoy easy access to restaurants, coffee shops, boutiques, the public library, and commuter options with close proximity to Boston. The recently built elementary school and renovated high school feature state-of-the-art facilities. Nearby Horn Pond offers scenic walking trails, kayaking, birdwatching, and waterfront views.
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: 678 sq ft (the lesser of 900 sq ft or half the 1,356 sq ft principal dwelling). Lot size: 5,532 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 11
Flooring - Wood, French Doors
Dining Room
Lvl First11 x 11
Closet/Cabinets - Custom Built, Flooring - Wood
Kitchen
Lvl First13 x 13
Flooring - Stone/Ceramic Tile, Recessed Lighting
Office
Lvl First11 x 9
Flooring - Wood, French Doors
Master Bedroom
Lvl Second14 x 13
Closet, Flooring - Wood
Bedroom 2
Lvl Second11 x 10
Bedroom 3
Lvl Second13 x 9
Closet, Flooring - Wood, Attic Access
Bathroom 1
Lvl Second11 x 5
Bathroom - Full, Flooring - Stone/Ceramic Tile, Pedestal Sink
Bathroom 2
Lvl BasementBathroom - Half, Flooring - Stone/Ceramic Tile, Pedestal Sink
Listing Agent: The Mary Scimemi Team
Listing Office: Leading Edge Real Estate
MLS® Number: 73549935