149-153 Palfrey Street, Watertown MA 02472
Watertown, MA 02472
$1,999,900
Est. $12,526/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
Adjust the payment calculatorTrack this home for price, status, and open-house alerts.
Open House Schedule
13
Sep
Sunday, September 13
12:00 PM - 2:00 PM EDT
12
Sep
Saturday, September 12
11:00 AM - 1:00 PM EDT
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.
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 9, 2026
$1,999,900
Original listing
Agent: Patrick Arone
Office: Colonial Realty Associates, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/09/2026 | 🏠 Listed for Sale | $1,999,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $26,566 | $2,177,500 |
Financial Details
Annual Property Tax
$26,566
Tax Year 2026
Assessed Value
$2,177,500
Facts & Features
1 Car Garage
Central AC
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1880
Living Area
5,410 sq ft
Lot Size
0.36 acres
Stories
4
Bedrooms
7
Full Baths
5
Half Baths
1
Total Rooms
16
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
— · Y
Gross Income
$63,540
Net Operating Income
$63,540
Cap Rate
3.18%
Interior
Heating
Hot Water, Oil, Baseboard, Steam
Cooling
Central Air, Window Unit(s)
Flooring
Tile, Vinyl, Concrete, Varies, Hardwood, Wood
Appliances
Range, Dishwasher, Disposal, Microwave, Freezer, Refrigerator, Washer, Dryer
Fireplace
None
Fireplaces
2
Basement
Full, Partial, Finished, Interior Entry, Garage Access, Unfinished
Laundry
Electric Dryer Hookup, Washer Hookup
Features
Storage, Ceiling Fan(s), Pantry, Studio, Bathroom With Shower Stall, Bathroom With Tub, Bathroom With Tub & Shower, Remodeled, Living Room, Dining Room, Kitchen, Family Room, Laundry Room, Office/den, Sunroom, Living Rm/dining Rm Combo, Mudroom
Exterior
Construction
Frame, Brick, Stone, Block
Architecture
None
Roof
Shingle, Rubber
Features
Balcony/deck, Rain Gutters, Stone Wall
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch, Deck, Patio
Parking
Garage Spaces
1
Has Garage
Yes
Features
Paved Drive, Shared Driveway, Off Street, Assigned
Total Spaces
9
Utilities
Electric
Fuses, Circuit Breakers, 100 Amp Service, 200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Range, For Gas Oven, For Electric Oven, For Electric Dryer, Washer Hookup, Varies Per Unit
Financial
Annual Tax
$26,566
Assessed Value
$2,177,500
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Package Sale Only; 149 And 153 Palfrey St Will Not Be Sold Separately. Please See Attached Documents For Additional Property Information And Disclosures. Buyer/buyer Agent To Verify Use, Measurements, Financials And Tenancy Information. Broker Related To Sellers.
Exclusions
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Beige/Gray
Sq Ft Source
Public Record
Sq Ft Disclosures
Buyer/buyer agent to verify all information.
Documents
None
County
Middlesex
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1880
Bedrooms
7
Full Bathrooms
5
Half Bathrooms
1
Living Area
5,410 sq ft
Total Rooms
16
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,410 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Deck, Patio
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Vinyl, Concrete, Varies, Hardwood, Wood
Appliances:
Range, Dishwasher, Disposal, Microwave, Freezer, Refrigerator, Washer, Dryer
Interior Features:
Storage, Ceiling Fan(s), Pantry, Studio, Bathroom with Shower Stall, Bathroom With Tub, Bathroom With Tub & Shower, Remodeled, Living Room, Dining Room, Kitchen, Family Room, Laundry Room, Office/Den, Sunroom, Living RM/Dining RM Combo, Mudroom
Windows:
Basement:
Full, Partial, Finished, Interior Entry, Garage Access, Unfinished
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1880
Structure Type:
Exterior Materials:
Frame, Brick, Stone, Block
Roof:
Shingle, Rubber
Foundation:
Concrete Perimeter, Block, Brick/Mortar
Stories:
4
Heating, Cooling & Utilities
Heating:
Hot Water, Oil, Baseboard, Steam
Heating Zones:
2
Cooling:
Central Air, Window Unit(s)
Cooling Zones:
1
Hot Water:
Oil, Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck, Rain Gutters, Stone Wall
Patio & Porch:
Porch, Deck, Patio
Fencing:
Other Structures:
Lot Features:
Wooded, Easements, Cleared
Road Surface:
Parking & Garage
Garage Spaces:
1
Total Parking Spaces:
9
Parking Features:
Paved Drive, Shared Driveway, Off Street, Assigned
Special Features
Fireplaces:
2
Fireplace Type:
View:
Yes
View Type:
Scenic View(s)
Community Amenities:
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Public School, Sidewalks
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$2,214
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
Loading map...
Neighborhood
149-153 Palfrey Street, Watertown MA 02472
Watertown, MA 02472
Listing Information
Listing Agent
Patrick Arone
Listing Office
Colonial Realty Associates, LLC
Office Phone
617-977-6025
Agent MLS ID
CN212165
Office MLS ID
AN6652
Listing Data Updated
Sep 9, 2026 10:32 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Watertown.