149-153 Palfrey Street, Watertown, MA 02472
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
Listed by: patrick arone
Office: colonial realty associates, llc
MLS#:73573995
Source:MLSPIN
Price summary
- Price:$1,999,900
- Price per sq. ft.:$369.67
About this home
PACKAGE SALE ONLY: 149 and 153 Palfrey Street are offered together for $1,999,900 and will not be sold separately.A rare opportunity to acquire two adjacent, family-held properties offering a compelling combination of private single-family living, established rental income and meaningful value-add potential.Originally purchased by the same family in 1958, the property was later subdivided, and the single-family residence at 149 Palfrey Street was constructed in 1963. Both properties have remained in the same family for nearly seven decades and are now being offered as one coordinated package.149 Palfrey Street is a well-maintained three-bedroom ranch featuring a fireplaced living room, dining room, den, eat-in kitchen, hardwood floors, central air and an attached garage. The substantial lower level offers a recreation room with a second fireplace, half bath, laundry and utility areas, workshop space and abundant storage. With approximately 2,500 square feet of living space across two levels, the home is comfortable and move-in ready while offering an opportunity to modernize over time.Next door, 153 Palfrey Street is an established four-unit property with approximately 3,000 square feet of living space. Units 2, 3 and 4 are occupied by tenants at will, providing immediate rental income. Unit 1 is vacant and requires renovation, creating an opportunity to improve the space, establish a new market rent and increase the property’s overall income potential. Unit 4 has been recently updated.Tenants are at will. Seller can delivery with the existing tenancies in place or vacant with required notice. No specific vacancy date is represented. An investor may preserve the current income while completing due diligence, planning improvements, obtaining estimates and arranging financing.For an owner-occupant, this package offers the privacy of a detached single-family home with income from four neighboring apartments—without sharing walls with tenants. For an investor, it presents five residences across two adjacent parcels, existing cash flow and immediate value-add potential.Two buildings. Five residences. Nearly seven decades of family ownership. One remarkable Watertown opportunity. Cross-reference companion MLS Listing IDs 73573985 and 73573993....
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Home facts
- Year built:1880
- Listing ID #:73573995
- Updated:November 13, 2026 at 12:59 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:6
- Full bathrooms:5
- Half bathrooms:1
- Rooms Total:16
- Flooring:Concrete, Hardwood, Tile, Vinyl, Wood
- Dining Description:Dining Room, Living Room/Dining Room Combo
- Bathrooms Description:Bathroom With Tub & Shower, Bathroom with Shower Stall
- Kitchen Description:Dishwasher, Disposal, Freezer, Kitchen, Microwave, Range, Refrigerator
- Basement Description:Finished, Full, Garage Access, Interior Entry, Partial, Unfinished
- Living area:5,410 sq. ft.
Heating and cooling
- Cooling:1 Cooling Zone, Central Air, Window Unit(s)
- Heating:Baseboard, Hot Water, Oil, Steam
- Central air:Yes
Structure and exterior
- Roof:Rubber, Shingle
- Year built:1880
- Building area:5,410 sq. ft.
- Lot area:0.36 Acres
- Lot Features:Cleared, Easements, Wooded
- Construction Materials:Block, Brick, Frame, Stone
- Exterior Features:Balcony/Deck, Deck, Patio, Porch, Rain Gutters, Stone Wall
- Foundation Description:Block, Brick/Mortar, Concrete Perimeter
Schools
- High school:Watertown High
- Middle school:Watertown Middle
- Elementary school:Lowell Elementary
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,999,900
- Price per sq. ft.:$369.67
- Tax amount:$26,566 (2026)
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
- Laundry features:Dryer, Electric Dryer Hookup, Washer, Washer Hookup
- Amenities:Ceiling Fan(s), Storage
Parking
- Total parking spaces:9
- Parking description:Assigned, Off Street, Paved Drive, Shared Driveway
- Garage:Yes
- Garage spaces:1
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