702-704 Mount Auburn St Watertown — Photo 1 of 31
$1,075,000
Investment Analysis — 702-704 Mount Auburn 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 $6,420/mo in gross rent — about a 4.41% cap rate and $47,387/yr in estimated NOI at the $1,075,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,368
Style
Multi Family
Built
1925
Situated along Watertown’s Mt. Auburn Street improvement corridor, this two family home blends classic charm with thoughtful updates, including newer gas boilers, hot water heaters, and replacement windows throughout. Each unit features refreshed kitchens with original breakfast nooks. The second-floor unit includes a bonus office, in-unit laundry, and an enclosed sun room. The basement offers dedicated laundry for the first floor, ample storage for both units, direct access to the side yard and potential for additional living space. Outside, enjoy a private level yard, paver patio, newer rear decks, improved driveway, and one-car garage. A durable slate roof adds lasting value to this exceptional investment or owner-occupant opportunity. Ideally located near the Cambridge line, this well-maintained property offers easy access to Harvard Square, Arsenal Yards, Watertown Square, the Charles River, Storrow Drive. Both units are vacant. Easy to show.
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 MLS and other third-party data may be inaccurate or out of date.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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Property History
$1,075,000
Sep 17, 2026
MLS® 73579174
$1,075,000
Aug 19, 2026
MLS® 73514943
$1,075,000
May 7, 2026
MLS® 73514943
Listing Agent: Susan Condrick
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73579174
