18 Prospect Street Watertown — Photo 1 of 19
Recent Drop: $115,000
$960,000
Investment Analysis — 18 Prospect Street
Watertown, MA 02472
Based on rent reported on the MLS listing, a 2-unit multi-family in 02472 carries $4,500/mo in gross rent — about a 3.18% cap rate and $30,542/yr in estimated NOI at the $960,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
2,250
Style
2 Family - 2 Units Up/Down
Built
1935
Located in highly desirable Warrendale, this spacious two-family home offers an exceptional opportunity for homeowners, developers, and investors seeking to build equity. The first-floor apartment features five rooms with two bedrooms, while the second-floor unit offers six rooms with three bedrooms. Both apartments showcase hardwood floors in the living rooms, dining rooms, and bedrooms, along with classic built-in dining room hutches that add timeless character. Double-pane windows provide improved energy efficiency, and each unit includes both front and rear covered porches, perfect for relaxing or enjoying the outdoors. Ideally situated near Waverley Square, this property offers convenient access to local shops, restaurants, parks, Watertown Center, and Arsenal Yards. Enjoy the nearby Charles River walking, jogging, and bike path. Commuters will enjoy easy access to the Massachusetts Turnpike, multiple public transportation options, and the commuter rail.
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 MLS and other third-party data may be inaccurate or out of date.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
$960,000
Was $1,075,000
Jul 26, 2026
MLS® 73547064
$1,075,000
Jul 9, 2026
MLS® 73547064
Listing Agent: Delrose Mcshane Team
Listing Office: Coldwell Banker Realty - Belmont
MLS® Number: 73547064