How accurate is an online estimate?

Zillow reports a median error of 7.5% on off market homes, which is about $67,500 on a $900,000 property. Half of all homes are off by more than that. Automated models lean on public record square footage and nearby sales, so they misprice renovated homes, finished basements the assessor never recorded, and anything with an unusual layout.

What does a broker valuation include?

A written opinion of value from a licensed broker who has sold in your town. It uses MLS PIN closed sales rather than public estimates, adjusts for condition, renovations, parking, and outdoor space, and shows you the current competing inventory. You get a recommended list price and the reasoning behind it, including what is and is not worth doing before you list.

What if I own a two family or a condo?

Automated models are least reliable on exactly these properties, and Greater Boston is full of them. A two or three family has a value as a home and a separate value as an investment, and those two numbers are often meaningfully different. We price both, which matters if you are deciding whether to sell or keep renting it.

When should I list my rental in Greater Boston?

Sixty to ninety days before the lease starts. This market runs on the September 1 cycle, so spring and early summer are when most September tenants commit. Off cycle units still rent, but pricing and days on market are much more forgiving when your timing lines up with the cycle.

How do you decide the asking rent?

We pull closed rentals from MLS PIN for comparable units in your town, then adjust for condition, parking, outdoor space, laundry, and utilities. Overpricing costs more than it looks like it saves, because one vacant month on a $3,000 unit wipes out the extra $100 per month you were holding out for.

Who pays the broker fee under the new Massachusetts law?

Since the Massachusetts broker fee law took effect in August 2025, the party who hires the broker pays the fee, so when a landlord engages us the fee is no longer passed to the tenant. We build that into the rent strategy up front and show you your net number before anything goes live.

Do you handle everything after the tenant moves in?

We can. Our property management service covers rent collection, maintenance coordination, and renewals for condos, single families, and small multifamily buildings. Plenty of owners use us for lease up only, and that works too.

What types of investment property do you focus on?

Two to four unit buildings, triple deckers, and house hack candidates in Newton, Watertown, Waltham, Medford, and Malden. We underwrite the rents unit by unit against MLS PIN rental comps rather than trusting the listing sheet, and we price every building both as a home and as an investment.

What is house hacking and does it work in Greater Boston?

You buy a two to four family, live in one unit, and rent the others. That lets you use owner occupant financing with a smaller down payment while rental income covers a large share of the mortgage. In this market it is usually the most realistic path for a first time buyer to own a multifamily.

How does the MBTA Communities Act change the math on multifamily?

Section 3A requires MBTA communities to zone districts where multifamily is allowed by right, so parcels inside those overlays can carry development or expansion value that the current building does not show. We check the overlay maps as part of pricing any property we buy or sell in these towns.

I already own rental property. How can you help?

Three ways. A free valuation that prices the building both as a home and as an investment, landlord representation when a unit turns over, and property management if you want out of the day to day. If you are weighing a sale against a 1031 exchange, we run the numbers around your tax advisor's timeline.

151 Lexington St # 151

Available January 1st! Bright and inviting 3(or 2 with office) bedroom, 1 bathroom apartment on the second floor of a well-maintained two-family home offering flexible living options - use as a full 3 bedroom OR configure as 2 bedrooms with home office to suit your needs. This sun-filled apartment features beautiful hardwood floors throughout and an updated kitchen equipped with stainless steel appliances. The updated bathroom adds modern comfort, while convenient in-unit washer and dryer eliminates laundry day hassles. Enjoy your morning coffee in the charming rear sunroom overlooking the shared backyard, perfect for relaxation and bringing the outdoors in. Abundant natural light flows throughout the home, creating a warm and welcoming atmosphere. One assigned parking space provides convenient off-street parking. This unit combines modern updates with practical amenities in a great residential setting. Pets negotiable. Required up-front: First month's rent and security deposit.

2
beds

1
bath

1,150 Sq.Ft. LIVING AREA

9,999 Sq.Ft. lot

Ethan Piani-Hohmann

title Founder & Broker
PHONE (781) 879-0863
EMAIL [email protected]
DRE # 9629935

Features & Amenities

Interior

total bedrooms2
Total bathroom1
full bathroom1
Laundry room In Unit
APPLIANCES Range, Dishwasher, Refrigerator, Freezer, Washer, Dryer

Area & Lot

Status Leased
Date Leased November 18, 2025
Living Area1,150 Sq.Ft.
Total Area1,150 Sq.Ft.
Lot Area9,999 Sq.Ft.
MLS® ID73450124
TypeTownhouse
NeighborhoodWatertown

Exterior

HEAT TYPENatural Gas
other exterior FeaturesPorch - Enclosed, Fenced Yard

Financial

Lease Price$2,800/mo
Lease Term 6 MONTHS

Watertown

Watertown is a city of 35,317 people on the Charles River, 6 miles west of downtown Boston. The median sale price is $825,000. More than 40 percent of the housing stock is two family and small multifamily, making it the densest small multifamily market west of Cambridge.

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151 Lexington St # 151

$2,800/month

Ethan Piani-Hohmann

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Watertown

Work With Us

Follow Me on Instagram

Leave a Message

Thank you for your message. We will be in touch with you shortly.

151 Lexington St # 151

$2,800/month

Ethan Piani-Hohmann

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Watertown

Work With Us

Follow Me on Instagram

PH Realty Group

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