
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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl Main,First16 x 13
Flooring - Hardwood, Window(s) - Picture, Recessed Lighting, Remodeled, Crown Molding
Dining Room
Lvl Main,First17 x 13
Flooring - Hardwood, Balcony / Deck, Exterior Access, Open Floorplan, Recessed Lighting, Crown Molding
Kitchen
Lvl Main,First18 x 13
Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Lighting - Pendant, Crown Molding
Family Room
Lvl Basement35 x 12
Flooring - Vinyl, Recessed Lighting
Primary Bedroom
Lvl Second15 x 13
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Second11 x 13
Bedroom 3
Lvl Second12 x 10
Closet, Flooring - Hardwood, Recessed Lighting
Bedroom 4
Lvl Basement12 x 12
Closet, Flooring - Vinyl, Recessed Lighting
Bathroom 1
Lvl First5 x 5
Bathroom - Half, Flooring - Stone/Ceramic Tile, Recessed Lighting
Bathroom 2
Lvl Second11 x 5
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Recessed Lighting
Bathroom 3
Lvl Second5 x 9
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Recessed Lighting
Listing Agent: Mike Preston
Listing Office: CENTURY 21 Revolution
MLS® Number: 73560254