70 Hovey St Watertown — Photo 1 of 19
$900,000
Investment Analysis — 70 Hovey St
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 2.50% cap rate and $22,540/yr in estimated NOI at the $900,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,201
Style
Single Family
Built
1916
Where Morning Coffee Meets Afternoon AdventuresPicture waving goodbye from your front door as the kids walk one block to school — no rush, no traffic, just an easy start to the day. That's life in this 2,200-square-foot home, offering three bedrooms and two full baths in a layout that balances togetherness with privacy.Out back, a private yard invites quiet mornings, weekend gatherings, and room for kids and pets to roam — all within a neighborhood peaceful enough to hear the birds.The elementary, middle and high schools sit within a half-mile, local shops and restaurants are just minutes away, and public transit puts Cambridge and downtown Boston within easy reach — trade the commute for a good book and still be home for dinner.This is a home that gives you back your time and peace of mind. Schedule your private showing today — homes like this don't last.
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: 900 sq ft (the lesser of 900 sq ft or half the 2,201 sq ft principal dwelling). Lot size: 5,225 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.
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Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator
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Listing Agent: Frank Mcmanus
Listing Office: Coldwell Banker Realty - Waltham
MLS® Number: 73578712
