Active
38 Days on market
128 Carey Ave #128 Watertown — Photo 1 of 36

128 Carey Ave #128 Watertown — Photo 1 of 36

$1,575,000

Investment Analysis — 128 Carey Ave #128

Watertown, MA 02472

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02472 carries an estimated $4,250/mo in gross rent — about a 1.87% cap rate and $29,407/yr in estimated NOI at the $1,575,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3.5

SqFt

3,400

Style

Condominium

Built

2026

Thoughtfully designed and beautifully finished, the front residence at 128 Carey Avenue offers an exceptional opportunity to own a newly completed luxury home in one of Watertown’s most desirable neighborhoods. An open-concept floor plan creates a seamless flow between the living, dining, and kitchen spaces, making the home equally suited for everyday living and entertaining. At the heart of the home, a stunning designer kitchen features built-in appliances, a professional induction range, and custom cabinetry that blends style with functionality. The heated mudroom floor provides a warm welcome during New England winters, while the spacious primary suite offers a spa-inspired bath with heated floors and refined finishes. A finished lower level and flexible upper-level bonus space provide endless possibilities for a home office, fitness room, media space, or guest accommodations. Outside, enjoy a private fenced backyard with a stone patio, along with a top-floor balcony offering sweeping city views. Built with a fully electric, high-efficiency design and finished with exceptional craftsmanship throughout, 128 Carey Avenue combines thoughtful architecture, modern technology, and timeless design into a home that’s ready to enjoy from day one.

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.

Open Houses

Property Details

Financials

Original Price$1,575,000
Annual Taxes$9,353

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms10
FireplacesNone
FlooringTile, Hardwood, Flooring - Stone/Ceramic Tile
BasementY

Climate & Utilities

HeatingForced Air, Heat Pump, Electric
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningS-6

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Disposal • Microwave • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Range

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Bathroom 1
Basement
Family RoomBedroom 4
Main,First
Living RoomDining RoomKitchen
Living Room
Lvl Main,First

16 x 13

Flooring - Hardwood, Window(s) - Picture, Recessed Lighting, Remodeled, Crown Molding

Dining Room
Lvl Main,First

17 x 13

Flooring - Hardwood, Balcony / Deck, Exterior Access, Open Floorplan, Recessed Lighting, Crown Molding

Kitchen
Lvl Main,First

18 x 13

Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Lighting - Pendant, Crown Molding

Family Room
Lvl Basement

35 x 12

Flooring - Vinyl, Recessed Lighting

Primary Bedroom
Lvl Second

15 x 13

Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting

Bedroom 2
Lvl Second

11 x 13

Bedroom 3
Lvl Second

12 x 10

Closet, Flooring - Hardwood, Recessed Lighting

Bedroom 4
Lvl Basement

12 x 12

Closet, Flooring - Vinyl, Recessed Lighting

Bathroom 1
Lvl First

5 x 5

Bathroom - Half, Flooring - Stone/Ceramic Tile, Recessed Lighting

Bathroom 2
Lvl Second

11 x 5

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Recessed Lighting

Bathroom 3
Lvl Second

5 x 9

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

Listing Provided By

Listing Agent: Mike Preston

Listing Office: CENTURY 21 Revolution

MLS® Number: 73560254