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Emma Currier

emmavalleyhomes@gmail.com +1(413) 977-8200

$ 1,999,900

Est. payment -/mo

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149-153 Palfrey Street Watertown, MA 02472

7 Beds

5.5 Baths

5,410 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,410 sqft

Price per Sqft $369

MLS Listing ID 73573995

Bedrooms 7

Full Baths 5

Half Baths 1

Year Built 1880

Annual Tax Amount $26,566

Tax Year 2026

Lot Size 0.360 Acres

Acres 0.36

Property Sub-Type 5-9 Family

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.

Location

State MA

County Middlesex

Zoning S-6

Direction Main Street to Palfrey Street. Properties are near the top of the hill.

Rooms

Basement Full, Partial, Finished, Interior Entry, Garage Access, Unfinished

Interior

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

Heating Hot Water, Oil, Baseboard, Steam

Cooling Central Air, Window Unit(s)

Flooring Tile, Vinyl, Concrete, Varies, Hardwood, Wood

Fireplaces Number 2

Appliance Range, Dishwasher, Disposal, Microwave, Freezer, Refrigerator, Washer, Dryer

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Balcony/Deck, Rain Gutters, Stone Wall

Garage Spaces 1.0

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

Utilities Available for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer, Washer Hookup, Varies per Unit

View Y/N Yes

View Scenic View(s)

Roof Type Shingle,Rubber

Total Parking Spaces 10

Garage Yes

Building

Lot Description Wooded, Easements, Cleared

Story 4

Foundation Concrete Perimeter, Block, Brick/Mortar

Sewer Public Sewer

Water Public

Schools

Elementary Schools Lowell Elementary

Middle Schools Watertown Middle

High Schools Watertown High

Others

Senior Community false

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Listed by Colonial Realty Associates, LLC

Emma Currier

Agent

+1(413) 977-8200 | emmavalleyhomes@gmail.com

Emma Currier

149-153 Palfrey Street Watertown, MA 02472

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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149-153 Palfrey Street