Investing in Watertown Multi-Family Homes

A live snapshot of the Watertown, MA multi-family market — 26 active listings.

Watertown is one of Greater Boston's active multi-family markets, with 26 income properties currently for sale at a median price of $1,347,000 and a median estimated cap rate around 2.8%. Whether you're buying your first two- or three-family or expanding a portfolio, the listings below are each scored for investment potential so you can compare deals at a glance.

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◆ 69

$2,200,000

204 School St, Watertown MA 02472

4 units 6 bd3 ba3,166 sqft

Cap rate3.7%

Signal Score69

$/unit$550,000

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◆ 66

$1,100,000

5 Hearn St, Watertown MA 02472

2 units 5 bd3 ba2,400 sqft

Cap rate3.5%

Signal Score66

$/unit$550,000

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◆ 48

$1,997,000

46-48 Keenan St, Watertown MA 02472

2 units 6 bd5 ba3,450 sqft

Cap rate2.2%

Signal Score48

$/unit$998,500

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◆ 45

$2,298,000

8-10 Purvis Street, Watertown MA 02472

2 units 6 bd7 ba3,912 sqft

Cap rate1.9%

Signal Score45

$/unit$1,149,000

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$1,549,000

45-47 Barnard Ave, Watertown MA 02472

2 units 7 bd3 ba2,890 sqft

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$2,400,000

22-24 Carver Rd East, Watertown MA 02472

2 units 6 bd6 ba4,767 sqft

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$1,999,900

149-153 Palfrey Street, Watertown MA 02472

2 units 7 bd6 ba5,410 sqft

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$1,999,900

153 Palfrey St, Watertown MA 02472

4 units 4 bd4 ba2,914 sqft

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$2,475,000

220 Sycamore Street, Watertown MA 02472

2 units 8 bd7 ba4,776 sqft

Prices in Watertown currently run from $900,000 to $2,475,000, or about $574,750 per unit at the median. Multi-family inventory moves quickly when the numbers work, so save a search to get alerted the moment a new Watertown deal hits the market — or open any listing and run your own numbers in the property analyzer.