Investment Analysis — 340 School St

Watertown, MA 02472

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02472 carries an estimated $8,100/mo in gross rent — about a 3.20% cap rate and $57,575/yr in estimated NOI at the $1,799,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

4,400

Style

Multi Family

Built

1910

Welcome Home to 340 School Street in East Watertown! This massive 2 family property is situated in a prime Oakley Country Club location on a corner lot with entrances on both School Street and Maplewood Street. The property has been meticulously maintained & updated while keeping the original magnificent natural hardwood trim, flooring, french doors & leaded glass work. This is truly a gorgeous home boasting with charm & character that's rarely available today while offering all the modern conveniences for contemporary living. Both kitchens are very modern with granite counters, gas cooking & stainless appliances, all 3 baths are fully tiled & have also been completely redone. The upper unit is extremely large with roughly 2,600 square feet with 2 levels of living, 4 bedrooms, 2 full baths, formal living & dining rooms, gas fireplace, front & back staircases, 3 private exterior porches, 3rd floor laundry & ample storage. The 1st floor unit is also large with almost 1,750 square feet with 3 bedrooms, formal living & dining room, gas fireplace & 2 private exterior porches. Both kitchens are very modern with granite counters, gas cooking & stainless appliances, all 3 full baths are fully tiled & have also been completely redone. Both gas heating systems are steam based & have been redone, there's recent central a/c, the electrical has been completely updated with 2 separate 100 amp panels & even the gas hot water has been updated. There's also a 2-car garage, ample storage, separate water meters, lawn irrigation & professional landscaping, This property is really outstanding & in amazing condition with truly unlimited potential.

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.