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60 Days on market
97 Melendy Ave #97 Watertown — Photo 1 of 40

97 Melendy Ave #97 Watertown — Photo 1 of 40

$869,900

Investment Analysis — 97 Melendy Ave #97

Watertown, MA 02472

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02472 carries an estimated $3,850/mo in gross rent — about a 3.67% cap rate and $31,929/yr in estimated NOI at the $869,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,873

Style

Condominium

Built

1910

Beautifully renovated and spacious half-duplex with no condo fee, offering the feel of single-family living with exclusive use of the side yard and your own brand-new two-car driveway. Completely gutted and rebuilt, this home combines classic character, high ceilings, modern updates, and flexible living space across three finished levels, plus private basement storage. Sunny main level features a new kitchen with warm cabinetry, quartz counters, stainless appliances, gas range, and extra-deep sink, opening to a spacious dining room and bright living room with high ceilings and mini-split for year-round comfort. A stylish half bath completes the main level. Upstairs, features a spacious primary bedroom, a spa-inspired bath with double vanities, a soaking tub, and a separate shower. A second bedroom and a versitile bonus room provide options for a home office, walk-in closet, reading nook, or exercise space. The third level adds another spacious bedroom with high ceilings plus a flexible bonus room ideal for a fourth bedroom, guest space, office, or playroom. Outside, enjoy a fully fenced level yard with an extra-large paver patio, beautiful perennial gardens, grape trellis, and raised beds. Additional highlights include a brand-new on-demand hot water heater, approximately 10-year-old gas boiler, and 2-year transferable builder's warranty.No HOA or condo fee; each side shares the master insurance policy. Conveniently located minutes from Arsenal Yards, the Charles River Greenway and bike path, Watertown Square, Mass Pike, Storrow Drive, Cambridge, downtown Boston, and public transportation.

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.

Property Details

Financials

Original Price$869,900
Annual Taxes$3,183

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms8
FireplacesNone
FlooringWood, Tile
BasementY

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofSlate
Foundation--
ZoningT

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Laundromat • Highway Access • House of Worship

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 3
Second
Primary BedroomBedroom 2Bathroom 2
First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Third
Bathroom 1
Lvl First
Bathroom 2
Lvl Second

Property History

Listed
$869,900

Aug 20, 2026

MLS® 73566263

Listed
$869,900

Aug 6, 2026

MLS® 73560493

Listing Provided By

Listing Agent: Megan Tolland

Listing Office: Realty Executives Boston West

MLS® Number: 73560493