149-153 Palfrey Street, Watertown, MA 02472
- $1,999,900
- 7
- BD
- 6
- BA
- 5,410
- SqFt
- List Price
- $1,999,900
- Status
- NEW
- MLS#
- 73573995
- Bedrooms
- 7
- Bathrooms
- 6
- Full Baths
- 5
- Half Baths
- 1
- Living Area
- 5,410
- Lot Size (Acres)
- 0.36
- Year Built
- 1880
Property Description
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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Additional Information
- Taxes
- $26,566
- Parking Description
- Paved Drive, Shared Driveway, Off Street, Assigned
- Lot Description
- Wooded, Easements, Cleared
- View
- Scenic View(s)
- Water
- Public
- Sewer
- Public Sewer
- Grade School
- Lowell Elementary
- Middle School
- Watertown Middle
- High School
- Watertown High
- Fire Places
- 2
- Heating
- Hot Water, Oil, Baseboard, Steam
- Cooling
- Central Air, Window Unit(s)
- Appliances
- Range, Dishwasher, Disposal, Microwave, Freezer, Refrigerator, Washer, Dryer
- Community Features
- Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Public School, Sidewalks
- Basement Features
- Full, Partial, Finished, Interior Entry, Garage Access, Unfinished
- Electric Features
- Fuses, Circuit Breakers, 100 Amp Service, 200+ Amp Service
- Exterior Features
- Balcony/Deck, Rain Gutters, Stone Wall
- Flooring
- Tile, Vinyl, Concrete, Varies, Hardwood, Wood
- 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
- Roof Material
- Shingle, Rubber
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Patrick Arone from Listing Office: Colonial Realty Associates, LLC.
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