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$1,999,900
7 Beds ⋅ 6 Baths ⋅ 73573995 MLS
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.

149-153 Palfrey Street, Watertown

Listing courtesy of Listing Agent: Patrick Arone from Listing Office: Colonial Realty Associates, LLC.
$2,400,000
6 Beds ⋅ 6 Baths ⋅ 73549312 MLS
Presenting an exceptional Muti-family property at 22-24 Carver Rd East in Watertown's desirable East End, Oakley CC neighborhood. This home was completely renovated in 2020 and features 2 duplex units consisting of 4 bedrooms, 3 baths, grand open kitchens with stainless appliances, expansive living/dining rooms that are perfect for entertaining and 4 private decks. The driveway has parking for 6 cars plus a garage that houses 2 more. it is a perfect place for investors or owner occupants looking for rental income to offset expenses. The location is convenient to Watertown Sq, Arsenal Yard, Charles River Greenway parks, schools and has easy access to Boston & Cambridge. The projected rent for 22 Carver Rd E is $5500/month. The seller lives in 24 Carver Rd E and is willing to lease back at $5500/month or we can deliver vacant. Each unit is in move in condition.

22-24 Carver Rd East, Watertown

Listing courtesy of Listing Agent: Brian Doherty from Listing Office: Citylife Real Estate.

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