Active
3 Days on market
149 Palfrey St Watertown — Photo 1 of 37

149 Palfrey St Watertown — Photo 1 of 37

$1,999,900

Investment Analysis — 149 Palfrey St

Watertown, MA 02472

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02472 carries an estimated $3,850/mo in gross rent — about a 1.22% cap rate and $24,332/yr in estimated NOI at the $1,999,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

2,496

Style

Single Family

Built

1963

PACKAGE SALE ONLY: The $1,999,900 list price includes both 149 and 153 Palfrey Street. The properties must be purchased together and will not be sold separately.149 Palfrey Street is a well maintained three-bedroom ranch offering comfortable living space across the main and lower levels. The home features a fireplaced living room, dining room, den, eat-in kitchen, hardwood floors, central air and an attached garage. The main level includes three bedrooms and a full bath.The substantial lower level provides a recreation room with a second fireplace, half bath, laundry and utility areas, workshop space and abundant storage. The home contains approximately 2,500 square feet of living area, including below-grade space. It is comfortable and move-in ready while offering an opportunity for future personalization.Also included in the sale is the adjacent property at 153 Palfrey Street, an established four-unit residence. Three apartments are currently occupied by tenants at will, and one apartment is vacant.This coordinated package offers the privacy of a detached single-family home together with rental income from four neighboring apartments without sharing walls with tenants. Two adjacent parcels, two buildings and five residences in one distinctive Watertown offering. Cross-reference companion MLS Listing IDs 73573993 and 73573995

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,496 sq ft principal dwelling). Lot size: 5,900 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Immersive Experience

Open Houses

Property Details

Financials

Original Price$1,999,900
Annual Taxes$10,780

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms6
Fireplaces2
FlooringTile, Laminate, Hardwood, Flooring - Wall to Wall Carpet
BasementFull, Finished, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingBaseboard, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick, Stone, Block
RoofShingle
FoundationConcrete Perimeter, Block
ZoningS-6

Property & Lot

Acres0.14
SqFt Lot5,900
Lot FeaturesWooded, Easements

Amenities & Appliances

Water Heater • Range • Dishwasher • Disposal • Microwave

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Second
Bathroom 2
First
Living Room
Basement
Family Room
Main,First
Dining RoomKitchenMaster BedroomBedroom 2Bedroom 3Bathroom 1
Living Room
Lvl First

23.666666666 x 13.916666666

Closet, Flooring - Hardwood

Dining Room
Lvl Main,First

11.666666666 x 11.75

Flooring - Hardwood, Lighting - Pendant

Kitchen
Lvl Main,First

13 x 11.75

Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Dining Area, Pantry, Lighting - Overhead, Beadboard

Family Room
Lvl Basement

22.166666666 x 12.583333333

Ceiling Fan(s), Flooring - Wall to Wall Carpet, Cable Hookup

Master Bedroom
Lvl Main,First

14.583333333 x 11.583333333

Ceiling Fan(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl Main,First

11.166666666 x 10.083333333

Bedroom 3
Lvl Main,First

10.583333333 x 14

Ceiling Fan(s), Closet, Flooring - Hardwood, Flooring - Wood

Bathroom 1
Lvl Main,First

8 x 8.666666666

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

8.916666666 x 7

Bathroom - Half, Dryer Hookup - Electric

Listing Provided By

Listing Agent: Patrick Arone

Listing Office: Colonial Realty Associates, LLC

MLS® Number: 73573985