38-40 Pequossette St, Watertown MA 02472
Watertown, MA 02472
$900,000
Est. $5,823/month
About this home
Location! Situated in an idyllic setting on tree-lined Pequossette Street, this charming 2-family house presents an excellent opportunity for owner occupants, investors as well as developers looking to build equity. Featuring two spacious apartments plus a partially finished lower level, this property offers flexible space with lots of potential for expansion and added value. Unit 1 has 2 bedrooms and 1 bathroom while Unit 2 has a similar layout with additional finished space on the top floor. Enjoy 3 porches, a spacious yard and x parking spaces. Keep the house "as is" with some improvements and collect rent, or renovate and customize for added value. You can generate rental income, enjoy multi-generational living or gain accelerated equity through improvements. Conveniently situated between Watertown Square and Arsenal Yards, near vibrant restaurants, shops, parks, public transport, and commuter routes this property combines location, flexibility and lots of upside potential!
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Property History
Market Insights
Property Timeline
Status: Active under contract
Jun 29, 2026
Active → Active Under Contract
Pending Sale
Jun 29, 2026
Offer accepted, sale pending
Listed for Sale
Jun 25, 2026
$900,000
Original listing
Agent: The Mutlu Group
Office: eXp Realty LLC - Corporate Office
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/29/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 06/29/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/25/2026 | 🏠 Listed for Sale | $900,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $12,867 | $1,054,700 |
Financial Details
Annual Property Tax
$12,867
Tax Year 2026
Assessed Value
$1,054,700
Facts & Features
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Up/Down
Year Built
1923
Living Area
2,717 sq ft
Lot Size
0.11 acres
Bedrooms
4
Full Baths
2
Total Rooms
14
Investment Metrics
Units
2
Unit 1 Rent
$2,100/mo · Y
Unit 2 Rent
— · N
Total Monthly Rent
$2,100/mo
Gross Income
$25,200
Net Operating Income
$25,200
Cap Rate
2.80%
Interior
Heating
Baseboard, Oil
Cooling
None
Flooring
Wood
Appliances
Range
Fireplace
None
Basement
Full, Partially Finished, Walk-out Access, Interior Entry
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
Fenced
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street
Total Spaces
6
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$12,867
Assessed Value
$1,054,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
Unit 2 Has Finished Attic Space. There Is Additional Partially Finished Space In The Lower Level. Seller Will Review Any Offers After 6pm On Saturday 6/27, Please Allow Time For Response.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
19 days
Property Overview
Property Type
2 Family - 2 Units Up/Down
Listing Type
Sale Pending
Year Built
1923
Bedrooms
4
Full Bathrooms
2
Living Area
2,717 sq ft
Total Rooms
14
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,717 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
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:
Wood
Appliances:
Range
Interior Features:
Windows:
Storm Window(s)
Basement:
Full, Partially Finished, Walk-Out Access, Interior Entry
Laundry:
Security:
Construction & Materials
Year Built:
1923
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Concrete Perimeter
Stories:
4
Heating, Cooling & Utilities
Heating:
Baseboard, Oil
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Fenced
Other Structures:
Lot Features:
Gentle Sloping
Road Surface:
Parking & Garage
Total Parking Spaces:
6
Parking Features:
Paved Drive, Off Street
Nearby Schools
School District
Watertown School District local
A-
School Safety
2024-25
1.0%
Low
0.8%
Suspensions
0.2%
In-School
0.2%
Emergency
4.5% below state avg
Elementary Schools
3 schools
Perkins School for the Blind
0.2 mi
Grades PK-12
A
Hosmer School
0.5 mi
|
#140 of 824
|
Score: 57.4
Improved 112 spots from last year
-0.8 below state avg
758 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
A
Underwood School
0.8 mi
|
#103 of 824
|
Score: 59.2
Improved 37 spots from last year
+1 above state avg
253 students
Very Diverse
Rising School
Diverse Student Body
Grades K-05
Middle Schools
2 schools
A+
Bigelow Middle School
0.7 mi
|
#26 of 352
|
Score: 60.6
Improved 44 spots from last year
+2.4 above state avg
434 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
A-
Watertown Middle School
1.2 mi
|
#108 of 352
|
Score: 48.6
Improved 11 spots from last year
-9.6 below state avg
583 students
Diverse
Diverse Student Body
Grades 06-08
High Schools
3 schools
D
Lyon High School
0.9 mi
|
#328 of 346
|
Score: 27.8
Improved 22 spots from last year
-30.4 below state avg
95 students
Diverse
12 sports
• 88 athletes
Rising School
Diverse Student Body
Grades 12
B+
Watertown High School
1.3 mi
|
#112 of 346
|
Score: 59.3
Improved 118 spots from last year
+1.1 above state avg
761 students
Diverse
18 sports
• 1,578 athletes
Strong AP Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
Mesivta High School
1.4 mi
Grades 09-12
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95% Interest
Year 15
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Location
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Neighborhood
38-40 Pequossette St, Watertown MA 02472
Watertown, MA 02472
Listing Information
Listing Agent
The Mutlu Group
Listing Office
eXp Realty LLC - Corporate Office
Office Phone
888-854-7493
Agent MLS ID
TM328687
Office MLS ID
AC0342
Listing Data Updated
Jul 15, 2026 4:26 PM 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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