20-22 Franklin Street, Watertown MA 02472
Watertown, MA 02472 • East Watertown
$1,149,900
Est. $6,970/month
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About this home
Exceptional opportunity in desirable East Watertown! This vacant two-family is ideal for an owner-occupant looking to offset a mortgage with rental income or an investor seeking a well-maintained property in a prime location. Each unit offers 2 bedrooms and 1 bath, blending classic charm with numerous updates. The first-floor unit features an updated kitchen and bath, refinished hardwood floors, replacement windows, newer appliances, and a new hot water heater (2025). Recent improvements include exterior painting, replacement attic windows, updated electrical with separate services and whole-house surge protection, chimney repairs and repointing, new front railings and storm door, plus replacement windows in portions of the second-floor unit. Enjoy a detached two-car garage, fenced backyard, covered porches, and French drains. Conveniently located directly across from the new Watertown High School and just minutes from Arsenal Yards, shopping, dining, public transportation and highways
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Status: Active under contract
Jul 6, 2026
Active → Active Under Contract
Pending Sale
Jul 3, 2026
Offer accepted, sale pending
Listed for Sale
Jun 25, 2026
$1,149,900
Original listing
Office: Compass
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/06/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 07/03/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/25/2026 | 🏠 Listed for Sale | $1,149,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $11,466 | $938,000 |
Financial Details
Annual Property Tax
$11,466
Tax Year 2026
Assessed Value
$938,000
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Up/Down
Year Built
1935
Living Area
2,330 sq ft
Lot Size
0.09 acres
Bedrooms
4
Full Baths
2
Total Rooms
13
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Gross Income
$72,000
Net Operating Income
$72,000
Cap Rate
6.26%
Interior
Heating
Hot Water, Oil
Cooling
Window Unit(s)
Flooring
Hardwood
Appliances
Range, Refrigerator, Washer, Dryer, Dishwasher
Fireplace
Wood Burning
Fireplaces
2
Basement
Unfinished
Laundry
None
Features
Pantry, Stone/granite/solid Counters, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Walk-up Attic, Living Room, Dining Room, Kitchen, Laundry Room, Family Room, Sunroom
Exterior
Construction
None
Architecture
None
Roof
None
Features
Balcony/deck, Garden
Pool
None
Spa
None
Fencing
Fenced/enclosed, Fenced
Patio/Porch
Enclosed, Deck, Patio
Parking
Garage Spaces
2
Has Garage
Yes
Features
Paved Drive, Off Street
Total Spaces
6
Utilities
Electric
60 Amps/less
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$11,466
Assessed Value
$938,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Measured
Sq Ft Disclosures
Living area includes sunroom and partially finished 3rd floor. Does not include garage or porcches
Documents
None
County
Middlesex
Total market time (incl. prior listings)
25 days
Property Overview
Property Type
2 Family - 2 Units Up/Down
Listing Type
Sale Pending
Year Built
1935
Bedrooms
4
Full Bathrooms
2
Living Area
2,330 sq ft
Total Rooms
13
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,330 sq ft above grade
Display Options
Outdoor Areas
Patio & porchEnclosed, Deck, Patio
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Hardwood
Appliances:
Range, Refrigerator, Washer, Dryer, Dishwasher
Interior Features:
Pantry, Stone/Granite/Solid Counters, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Walk-Up Attic, Living Room, Dining Room, Kitchen, Laundry Room, Family Room, Sunroom
Windows:
Basement:
Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1935
Structure Type:
Exterior Materials:
Roof:
Foundation:
Block
Stories:
3
Heating, Cooling & Utilities
Heating:
Hot Water, Oil
Cooling:
Window Unit(s)
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck, Garden
Patio & Porch:
Enclosed, Deck, Patio
Fencing:
Fenced/Enclosed, Fenced
Other Structures:
Lot Features:
Wooded
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
6
Parking Features:
Paved Drive, Off Street
Special Features
Fireplaces:
2
Fireplace Type:
Wood Burning
Community Amenities:
Public Transportation, Medical Facility, Private School, Public School
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$956
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
East Watertown
20-22 Franklin Street, Watertown MA 02472
Watertown, MA 02472
Listing Information
Listing Agent
Scarlett Tamburro
Listing Office
Compass
Office Phone
617-206-3333
Agent MLS ID
CN203880
Office MLS ID
AN2383
Listing Data Updated
Jul 22, 2026 3:30 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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