Turnkey investment opportunity in one of Watertown's most desirable neighborhoods. Fully renovated in 2025, this well-maintained two-family offers approximately 3,700 SqFt of living space and strong rental income. Unit 15 is a spacious 2-bedroom, 1-bath residence featuring a formal dining room, eat-in kitchen, and bonus office space off the living room, current tenants renewed until 8/31/27 for $3,350/month. Unit 17 offers a similar main level layout with 2 bedrooms and 1 full bath, with 2 additional bedrooms and a second bath on the upper level, currently under rented at $4,050/month. Current tenant is not renewing after 8/31/2026. Private outdoor space for each unit, with a beautiful lawn to share. Doublewide driveway. Conveniently located near J.R. Lowell Elementary School, Victory Field, Watertown Square, Arsenal Yards, public transportation, and major commuter routes. A rare opportunity to acquire a renovated, income-producing asset in a prime Watertown location
This home has been viewed 32 times
Last Checked: June 15th, 2026 at 5:14am (Source: MLS PIN #73533291)
Gross Income: $88,800
Gross Expenses: $14,063
Net Income Calc: $74,737
Annual Expenses for 15-17 George St, Watertown MA 02472
Total Gross Expenses (Calculated)$14,063/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax14063
Annual Income & Unit Breakdown for 15-17 George St, Watertown MA 02472
Total Gross Income (Calculated)$88,800
Unit 1
Rental Income$0
LeaseY
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms4
Bathrooms2 Full
Floor2
Levels in Unit2
Rent Includes
General Information for 15-17 George St, Watertown MA 02472
Listing ID73533291
Property TypeMulti Family / 2 Family
Price1625000 ($439.43/SqFt)
Style2 Family - 2 Units Up/down
CityWatertown
CountyMiddlesex
Neighborhood(s)
Approximate Living Area Total3698
Approximate Lot Size (Acres)0.14
Total Parking4
Garage Parking0
Year Built1920
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
BasementFull
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningT
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 15-17 George St, Watertown MA 02472
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsBasement Fridge
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 15-17 George St, Watertown MA 02472
Real Estate Taxes14063
Tax Year2026
Assessed Value$1,152,700
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 15-17 George St, Watertown MA 02472
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 15-17 George St, Watertown MA 02472