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INVESTMENT SNAPSHOT
About this property
Legal 3-family Investment Opportunity | Watertown Square & Cushing Square in Belmont! Investors or owner occupants looking to offset expenses with strong existing tenancy. All 3 units, approx. 5,300 SqFt, currently rented generating over $115K/year in rental income. Unit 1: 3-level townhouse-style residence with 3 beds, 2 full baths, central A/C, 4 parking spaces & access to a private fenced-in outdoor space. Unit 2: Bi-level condo-style residence spanning the 2nd & 3rd floors with 3 beds + office, 2 full baths, central A/C in the primary bedroom & 2 parking spaces. Unit 3: 1st floor + lower-level condo-style residence with 1-bedroom, XL bonus room, 1.5 baths & 3 tandem parking spaces. High ceilings & generous storage throughout all 3 units. Separate utilities & private laundry in each unit; common water + shared storage shed. Convenient access to Boston/Cambridge, Newton/Waltham, MBTA bus & nearby Waverley commuter train, close to restaurants, shops, parks/ trails & Charles Riverway.
Property details
| Units | 3 |
| Living area | 5,347 sqft |
| Lot size | 7,040 sqft |
| Year built | 1900 |
| Price / sqft | $337 |
| County | Middlesex |
| MLS # | 73524143 |
Listing status
| Days on market | 4 days |
| Listed on | May 26, 2026 |
Taxes & financials
| Annual property tax | $17,258 |
| Tax year | 2025 |
| Assessed value | $1,477,600 |
| Zoning | S-6 |
| Gross income (actual) | $115,200/yr |
| Net operating income (actual) | $115,200/yr |
| Total actual rent | $9,600/mo |
Building & lot
| Stories | 7 |
| Total rooms | 21 |
| Lot size | 0.16 acres |
| Garage spaces | 0 |
| Parking spaces | 9 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Full, Finished, Partially Finished, Walk-Out Access, Interior Entry, Concrete, Unfinished |
| Foundation | Concrete Perimeter, Stone |
| Flooring | Wood, Tile, Carpet, Hardwood, Stone/Ceramic Tile |
Utilities & systems
| Heating | Baseboard, Natural Gas, Unit Control |
| Cooling | Central Air, Unit Control, Other, None |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Dryer, Washer Hookup |
| Appliances | Range, Dishwasher, Disposal, Trash Compactor, Microwave, Refrigerator, Washer, Dryer, Freezer, Range Hood |
Location
More about investing in Watertown →
Listing courtesy of Coldwell Banker Realty - Boston — Erika Tarlow. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 28 Oliver St, Watertown MA 02472 have?
It is a 3-unit multi-family property with 5,347 sqft of living area, built in 1900.
How long has 28 Oliver St, Watertown MA 02472 been on the market?
28 Oliver St, Watertown MA 02472 has been listed for 4 days (since May 26, 2026).
What is the estimated cap rate on this 3-family in Watertown?
Based on area median rents, the estimated cap rate is about 3.6%, with a Signal Score of 68/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,800,000 across 3 units, that works out to roughly $600,000 per unit.
What are the property taxes on 28 Oliver St, Watertown MA 02472?
Annual property taxes are $17,258 (2025), on an assessed value of $1,477,600.
What is the price per square foot?
At $1,800,000 for 5,347 sqft, that's about $337 per square foot.
Is there parking?
9 total parking spaces (paved drive, off street, paved).
Where is this property located?
28 Oliver St, Watertown MA 02472 is in Watertown, Middlesex County, MA 02472.
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