28 Oliver St, Watertown, MA 02472
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$1,800,000
3 Unit
7 Beds
6 Baths
5347 SQFT
0.16 Acre

Property Description

Legal 3-family Investment Opportunity | Watertown Square & Cushing Square in Belmont! Investors or owner occupants looking to offset expenses with strong existing tenancy. All 3 units, approx. 5,300 SqFt, currently rented generating over $115K/year in rental income. Unit 1: 3-level townhouse-style residence with 3 beds, 2 full baths, central A/C, 4 parking spaces & access to a private fenced-in outdoor space. Unit 2: Bi-level condo-style residence spanning the 2nd & 3rd floors with 3 beds + office, 2 full baths, central A/C in the primary bedroom & 2 parking spaces. Unit 3: 1st floor + lower-level condo-style residence with 1-bedroom, XL bonus room, 1.5 baths & 3 tandem parking spaces. High ceilings & generous storage throughout all 3 units. Separate utilities & private laundry in each unit; common water + shared storage shed. Convenient access to Boston/Cambridge, Newton/Waltham, MBTA bus & nearby Waverley commuter train, close to restaurants, shops, parks/ trails & Charles Riverway.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 7
  • Total Bedrooms: 7
  • Total Full Baths: 5
  • Total Half Baths: 1
  • Total Fireplaces: 1
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, Tennis Court, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Finished, Full, Interior Access, Other (See Remarks), Partially Finished, Unfinished Basement, Walk Out
  • Common Rooms: Dining Room, Family Room, Kitchen, Living Room, Mudroom, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Bathroom with Shower Stall, Ceiling Fans, Pantry, Stone/Granite/Solid Counters, Storage, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Vent Hood, Washer, Washer Hookup
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Common Cooling: Central Air, None

Financial

  • APOD Available: No
  • Expenses Source: Not Available
  • Gross Operating Income: 115200
  • Net Operating Income: 115200

Utilities

  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Utility Connections: Washer Hookup, for Electric Dryer, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Foundation Info: Fieldstone, Poured Concrete
  • Flooring Type: Hardwood, Tile, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73524143
  • Last Updated: 05/26/26
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/26/2026New$1,800,000$337MLSPIN

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Seller's Representative: Erika Tarlow, Coldwell Banker Realty - Boston
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-05-26 15:32:00

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