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Residential Development Opportunity
For Sale
$900,000

33 Melendy Ave, Watertown, MA 02472

Two-family home ideal for residential development near Cambridge line.

Property SizeContact for details
Days on Market120

Property Features for 33 Melendy Ave

General Information

Standard status Active
Property subtype Land
Zoning T

Taxes and HOA fees

Annual Taxes $10,193
Listing Agency: Commercial Realty Advisors, Inc.
Listed By: Chris Bernier
Source: Churchillprop
Added: May 27 Changed: Sep 21 Last Checked: Sep 22 at 2:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Realty Advisors, Inc.

Investment Insights

Based on property information with market context.

This property, currently occupied as a two-family home, presents an opportunity for residential development. It is located in a residential 2 Family zone off Mt. Auburn Street, near the Cambridge line. The location provides convenient access to transportation, with a bus route to Harvard Square and Watertown Square nearby. The property is also situated close to shops and restaurants in Coolidge Square, and a short distance from Arsenal Yards, The Watertown Mall, and the Hosmer elementary school. Access to the Mass Pike via Storrow Drive is easily available.

Key Highlights

  • Ideal for residential development.
  • Located in a residential 2 Family zone.
  • Close proximity to bus lines to Harvard Square and Watertown Square.

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Parking Lot & Garage Accounting Firm (Bike/Boat/Book/etc) Store Cosmetic Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,421
Businesses Nearby

Demographics for 02472, MA

35,392
Population
17,069
Households
2.1
Avg Household Size
39
Median Age
67%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
8,848
Density / Sq Mi
$123,383
Median Household Income
$77,537
Median Earnings
$2,356
Median Rent
$737,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Two-family home ideal for residential development near Cambridge line.
Where is this residential land & home lot located?
The property is located at 33 Melendy Ave Watertown, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Ideal for residential development.; Located in a residential 2 Family zone.; Close proximity to bus lines to Harvard Square and Watertown Square.
More about this property
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