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2 Days on market
22-24 Olney St Watertown — Photo 1 of 36

22-24 Olney St Watertown — Photo 1 of 36

$2,190,000

Investment Analysis — 22-24 Olney 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 $8,100/mo in gross rent — about a 2.83% cap rate and $61,979/yr in estimated NOI at the $2,190,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

7

Baths

4.5

SqFt

3,600

Style

Multi Family

Built

1890

Impeccably renovated two-unit multi-family in the heart of Watertown, combining 7 bedrooms and 4.5 baths across both homes with 3 dedicated parking spaces. Unit 24 spans three levels and is built for family living, with well-chosen finishes throughout. Three generously sized bedrooms and a full bath share the top floor with a versatile bonus area, perfect as a reading nook or arts and crafts space. On the floor below, a primary suite and living area sit alongside a large kitchen and dining space, both filled with natural light and well positioned for comfort and privacy. Stairs lead down to an impressive entry-way with hall tree and bench set-up. Unit 22 brings its own flexibility across two levels. The lower floor can serve as a second primary suite with office, or as private guest quarters, while two full bedrooms upstairs sit on opposite sides of the home for added privacy. A comfortable living area, full bath, and spacious laundry room round out the main level, which enjoys southeastern exposure and feels unusually bright for a first-floor unit. An ample shared driveway offers parking for both households, with room to spare. Each unit can be purchased separately or together as a multi-family opportunity. Come tour these beautifully redesigned homes and imagine the possibilities. 22and24olney.com

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.

Immersive Experience

Open Houses

Property Details

Financials

Original Price$2,190,000
Annual Taxes$11,893

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms14
FireplacesNone
FlooringHardwood
BasementFull, Finished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Stone
ZoningT

Property & Lot

Acres0.09
SqFt Lot4,000
Lot Features--

Neighborhood

Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Golf

Geography

Property History

Listed
$2,190,000

Sep 23, 2026

MLS® 73581193

Sold
$1,000,000

Mar 25, 2025

MLS® 73347112

Listed
$999,900

Mar 19, 2025

MLS® 73347112

Listing Provided By

Listing Agent: Nicholas Mescia

Listing Office: Compass

MLS® Number: 73581193