Investment Analysis — 66 Wayne Ave

Watertown, MA 02453

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02453 carries an estimated $3,670/mo in gross rent — about a 3.11% cap rate and $24,414/yr in estimated NOI at the $785,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,436

Style

Single Family

Built

1950

WELCOME to this well maintained, expanded Cape held and cherished by the same family since it was built in the '50's! Nestled in the desirable WARRENDALE neighborhood, this unique property spans both Watertown and Waltham with dual addresses. The main features include: a spacious living room with a fireplace, formal dining room- perfect for hosting gatherings, an expanded Eat-In Kitchen with SS appliances and a slider to the outdoor deck which leads to a huge, fenced-in, level yard. A perfect layout for seamless indoor-outdoor entertaining. A mudroom and full bath complete the first level.The second floor boasts of three generously sized bedrooms and a full bath. Additional features include hardwood floors throughout, replacement windows, a newer roof, freshly painted, and a one-car garage. Amazing location in close proximity to shops, restaurants, schools, etc. A real value!!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 718 sq ft (the lesser of 900 sq ft or half the 1,436 sq ft principal dwelling). Lot size: 6,534 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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.