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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.

More Info

Basic Information

  • Gross Income $115,200
  • Listing Terms Contract
  • Lot Features Corner Lot
  • Mls StatusNew
  • Parcel Number M:0327 B:0017 L:0004,848154
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water)

Basic Information

  • List Price$1,800,000
  • MLS Number73524143
  • Modification Date05/26/2026
  • Property SubType3 Family
  • Virtual TourView Tour

Property

  • Acreage0.16
  • Other Structures Shed(s)

Exterior

  • Exterior Features Rain Gutters, Varies per Unit, Garden, Stone Wall
  • Fencing Fenced/Enclosed, Fenced

Utilities

  • Cooling Central Air, Unit Control, Other
  • Electric Circuit Breakers, Individually Metered
  • Heat SystemYes
  • Heating Baseboard, Natural Gas, Unit Control
  • Sewer Public Sewer
  • Water Source Public

Water Body

  • Miles to Beach1
  • Waterfront Features River,1/2 to 1 Mile To Beach, Beach Ownership(Public)

Tax Information

  • Tax Assessed Value $1,477,600
  • Tax Year 2025
  • Taxes$17,258

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces9

Location

  • Address28 Oliver Street
  • Building Number28
  • CountyMiddlesex
  • StateMA
  • StreetOliver Street
  • TownWatertown
  • Zip02472

Interior

  • Flooring Wood, Tile, Carpet, Hardwood, Stone/Ceramic Tile
  • Interior Features
    • Bathroom With Tub & Shower
    • Bathroom with Shower Stall
    • Ceiling Fan(s)
    • Dining Room
    • Family Room
    • Kitchen
    • Laundry Room
    • Living Room
    • Mudroom
    • Office/Den
    • Open Floorplan
    • Pantry
    • Remodeled
    • Stone/Granite/Solid Counters
    • Storage
    • Upgraded Cabinets
    • Upgraded Countertops
    • Walk-In Closet(s)

Property Information

  • Building Area Source Measured
  • Living Area 5,347
  • Lot Size Square Feet 7,040
  • Lot Size Units Acres
  • Square Feet5,347

Other

  • Date Listed05/26/2026
  • Farm Land Area Units Square Feet

School Information

  • Elementary SchoolWps
  • High SchoolWatertown
  • High School Watertown
  • Junior HighWps

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 5.5
  • Bedrooms7
  • Full Bath5
  • Half Baths1

Building

  • Basement
    • Concrete
    • Finished
    • Full
    • Interior Entry
    • Partially Finished
    • Unfinished
    • Walk-Out Access
  • Building Area Units Square Feet
  • FireplaceYes
  • Fireplace Features Wood Burning
  • Fireplaces Total 1
  • FoundationConcrete Perimeter, Stone
  • Levels 7
  • Patio And Porch Features Porch, Patio
  • Rooms21
  • Stories7
  • Units3
  • Utilities For Gas Range, For Electric Dryer, Washer Hookup
  • Year Built1900
  • Year Built Details Renovated Since
  • Year Built Source Public Records

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Golf
    • Highway Access
    • Medical Facility
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
    • University
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Disposal, Trash Compactor, Microwave, Refrigerator, Washer, Dryer, Freezer, Range Hood
  • Other AmenitiesBasement, Fireplace, Garden, Golf, Tennis

Map Location

Listed by Erika Tarlow of Coldwell Banker Realty - Boston

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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