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Multi Family Homes For Sale Watertown MA

There are currently 17 multi-families for sale in Watertown. Watertown is a biotech-corridor city with steady appreciation. For investors it’s an appreciation-led market. Each listing below shows our Signal Score and an estimated cap rate.

For sale now17
Median list price$1,250,000
Median sold (12 mo)$1,110,000
Sold (12 mo)56

Current listings (17)

128 Summer St, Watertown MA 02472
$1,395,000
128 Summer St, Watertown
7 bd3 ba3,822 sqft
3-family · 0.29-acre lot
All Star Realty, Inc.
146-148 Waverley Ave, Watertown MA 02472
$949,999↓ $199k
146-148 Waverley Ave, Watertown
4 bd2 ba2,312 sqft
2-family · 6,602 sqft lot
Lamacchia Realty, Inc.
149-153 Palfrey Street, Watertown MA 02472
$1,999,900
149-153 Palfrey Street, Watertown
7 bd6 ba5,410 sqft
2-family · 0.36-acre lot
Colonial Realty Associates, LLC
153 Palfrey St, Watertown MA 02472
$1,999,900
153 Palfrey St, Watertown
4 bd4 ba2,914 sqft
4-family · 9,500 sqft lot
Colonial Realty Associates, LLC
22-24 Olney St, Watertown MA 02472
$2,075,000↓ $115k
22-24 Olney St, Watertown
7 bd5 ba3,600 sqft
2-family · 4,000 sqft lot
Compass
227 Common St, Watertown MA 02472
$1,150,000
227 Common St, Watertown
4 bd2 ba2,150 sqft
2-family · 5,379 sqft lot
eXp Realty LLC - Corporate Office
24 Charles St, Watertown MA 02472
$1,125,000
24 Charles St, Watertown
5 bd3 ba2,126 sqft
2-family · 4,057 sqft lot
Real Estate Pros Inc.
27 Woodleigh Rd, Watertown MA 02472
$1,499,000
27 Woodleigh Rd, Watertown
5 bd2 ba2,416 sqft
2-family · 5,227 sqft lot
Century 21 North East
28 Appleton St, Watertown MA 02472
$1,299,000↓ $51k
28 Appleton St, Watertown
6 bd2 ba2,889 sqft
2-family · 4,518 sqft lot
Coldwell Banker Realty - Belmont
33 Melendy Ave, Watertown MA 02472
$900,000
33 Melendy Ave, Watertown
5 bd2 ba2,227 sqft
2-family · 7,500 sqft lot
Coldwell Banker Realty - Belmont
340 School St, Watertown MA 02472
$1,799,000
340 School St, Watertown
7 bd2 ba4,400 sqft
2-family · 5,504 sqft lot
Keller Williams Boston MetroWest
40-42 Irving St, Watertown MA 02472New
$850,000
40-42 Irving St, Watertown
6 bd3 ba3,078 sqft
2-family · 5,982 sqft lot
Ferrari Real Estate Corp.

See all 17 listings →

Get new Watertown deals before they hit Zillow

Justin Rollo sends qualified investors fresh multi-family listings (and off-market deals) the day they come up.

Listings here are curated by Justin Rollo of Signal Real Estate, an investor-friendly agent who works this market every day. Watertown is one of the Greater Boston markets Signal Real Estate watches most closely for multi-family opportunities — reach out if you want to move on something before it’s widely listed.

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Questions & answers

Why invest in Watertown multi-family?

Watertown is a biotech-corridor city with steady appreciation. For investors it’s an appreciation-led market.

What cap rate do Watertown multi-families offer?

Greater Boston multi-families generally run a 4–5.5% cap, with value-add pockets reaching 6%+. Each listing above shows an estimated cap rate based on area rents — directional, not an appraisal.

Can I house-hack a Watertown 2–4 unit?

Often yes — FHA allows 3.5% down on owner-occupied 1–4 units (note the self-sufficiency test on 3–4 units), and conventional now allows 5% down on 2–4 units. Justin Rollo of Signal Real Estate can run your numbers.

How do I see new Watertown multi-families first?

Sign up below and Justin Rollo will send matching listings — including off-market deals — as soon as they come up.

Justin Rollo, Broker Associate at Signal Real Estate
Justin Rollo — Broker Associate, Signal Real Estate · MA Lic. #9534264

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.

📞 978-790-4381📍 25 Braintree Hill Park, Suite 200, Braintree, MA 02184
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