Investment Analysis — 128 Summer St

Watertown, MA 02472

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-unit multi-family in 02472 carries an estimated $9,630/mo in gross rent — about a 5.23% cap rate and $72,942/yr in estimated NOI at the $1,395,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,822

Style

3 Family - 3 Units Up/Down

Built

1857

Offered for the first time in more than 80 years, this classic circa-1857 Mansard-style three-family, with more than 3,800 sf of living space, presents a value-add opportunity for owner-occupants, investors, developers, and alike. Ready for its next chapter, the property offers the opportunity to restore to its original architectural charm or explore a range of possibilities, including condominium conversion and building expansion. The generous 12,550-square-foot lot with six off-street parking spaces further enhances the property's significant upside development appeal and long-term investment potential. Ideally located just a few blocks from vibrant Watertown Square, offering easy access to restaurants, cafés, the public library, banks, pharmacies, and everyday amenities. Roughly one mile from Exit 127 off the Massachusetts Turnpike at Newton Corner, the location provides excellent commuter access to Cambridge, Downtown Boston and Logan International Airport.

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 MLS and other third-party data may be inaccurate or out of date.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.