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Active

128 Summer St, Watertown MA 02472

$1,395,000

Estimated $3,502/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $465,000

Total Rent: 0/year

Estimated CAP Rate:

7 Bedrooms

Baths

3822

Total Parking: 6

12,600 (0.29)

Offered for the first time in more than 80 years, this classic circa-1857 Mansard-style three-family, with more than 3,800 sf of living space, presents a value-add opportunity for owner-occupants, investors, developers, and alike. Ready for its next chapter, the property offers the opportunity to restore to its original architectural charm or explore a range of possibilities, including condominium conversion and building expansion. The generous 12,600-square-foot lot with six off-street parking spaces further enhances the property's significant upside development appeal and long-term investment potential. Ideally located just a few blocks from vibrant Watertown Square, offering easy access to restaurants, cafés, the public library, banks, pharmacies, and everyday amenities. Roughly one mile from Exit 127 off the Massachusetts Turnpike at Newton Corner, the location provides excellent commuter access to Cambridge, Downtown Boston and Logan International Airport.

This home has been viewed 3 times

Last Checked: October 1st, 2026 at 8:33pm (Source: MLS PIN #73585274)

Gross Income: $0

Gross Expenses: $14,884

Net Income Calc: $14,884

Annual Expenses for 128 Summer St, Watertown MA 02472

Total Gross Expenses (Calculated)$14,884/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax14884

Annual Income & Unit Breakdown for 128 Summer St, Watertown MA 02472

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms4 Full

Floor2

Levels in Unit2

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bathrooms

Rent Includes

General Information for 128 Summer St, Watertown MA 02472

Listing ID73585274

Property TypeMulti Family / 3 Family

Price1395000 ($364.99/SqFt)

Style3 Family - 3 Units Up/down

CityWatertown

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total3822

Approximate Lot Size (Acres)0.29

Total Parking6

Garage Parking0

Year Built1857

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningT

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 128 Summer St, Watertown MA 02472

Lead PaintNone

UFFINo

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRequest Details

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 128 Summer St, Watertown MA 02472

Real Estate Taxes14884

Tax Year2026

Assessed Value$1,220,800

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 128 Summer St, Watertown MA 02472

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 128 Summer St, Watertown MA 02472

Agent

Name: Jerry Mazzeo

Office

Name: All Star Realty, Inc.

Phone: 617-826-3490

Team Members

Payment Calculator

, Interest

Property Taxes 1240.33

Principal & Interest 8595.55

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

All Star Realty, Inc.

Jerry Mazzeo

Agent Phone

Office Phone

(617) 826-3490

Text Agent Call Agent Call Office

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    [unparsed] => 128 Summer St, Watertown MA 02472
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EXIT

20 More Photos

Active

128 Summer St, Watertown MA 02472

$1,395,000

Annual Expenses for 128 Summer St, Watertown MA 02472

Annual Income & Unit Breakdown for 128 Summer St, Watertown MA 02472

General Information for 128 Summer St, Watertown MA 02472

Disclosures for 128 Summer St, Watertown MA 02472

Financial Information for 128 Summer St, Watertown MA 02472

Location Information for 128 Summer St, Watertown MA 02472

Contact Information for 128 Summer St, Watertown MA 02472

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

All Star Realty, Inc.

Jerry Mazzeo