Investing in Watertown Multi-Family Homes

A live snapshot of the Watertown, MA multi-family market — 11 active listings.

Watertown is one of Greater Boston's active multi-family markets, with 11 income properties currently for sale at a median price of $1,400,000 and a median estimated cap rate around 3.7%. 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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◆ 90

$1,200,000

152 Spruce St, Watertown MA 02472

3 units 5 bd3 ba3,517 sqft

Cap rate5.5%

Signal Score90

$/unit$400,000

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◆ 82

$1,400,000

204-206 School St, Watertown MA 02472

3 units 6 bd3 ba3,166 sqft

Cap rate4.7%

Signal Score82

$/unit$466,667

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◆ 80

$955,000

109 - 109A Lexington Street, Watertown MA 02472

2 units 4 bd2 ba2,236 sqft

Cap rate4.6%

Signal Score80

$/unit$477,500

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◆ 70

$1,149,900

601-603 Main Street, Watertown MA 02472

2 units 5 bd2 ba2,614 sqft

Cap rate3.8%

Signal Score70

$/unit$574,950

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◆ 69

$2,350,000

204 School St, Watertown MA 02472

4 units 6 bd3 ba3,166 sqft

Cap rate3.7%

Signal Score69

$/unit$587,500

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◆ 68

$1,800,000

28 Oliver St, Watertown MA 02472

3 units 7 bd6 ba5,347 sqft

Cap rate3.6%

Signal Score68

$/unit$600,000

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◆ 67

$1,225,000

13-15 Columbia Street, Watertown MA 02472

2 units 4 bd2 ba2,862 sqft

Cap rate3.6%

Signal Score67

$/unit$612,500

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◆ 66

$1,250,000

5 Hearn St, Watertown MA 02472

2 units 5 bd3 ba2,400 sqft

Cap rate3.5%

Signal Score66

$/unit$625,000

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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

Prices in Watertown currently run from $955,000 to $2,350,000, or about $600,000 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.