20-22 Franklin Street, Watertown, MA 02472
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$1,149,900
2 Unit
4 Beds
2 Baths
2330 SQFT
0.09 Acre

Property Description

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

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Total Fireplaces: 2
  • Amenities: Medical Facility, Private School, Public School, Public Transportation
  • Basement Features: Unfinished Basement
  • Common Rooms: Dining Room, Family Room, Kitchen, Living Room, Sunroom
  • Common Interior Features: Bathroom With Tub & Shower, Pantry, Stone/Granite/Solid Counters, Upgraded Countertops, Walk-Up Attic
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Common Heating: Active Solar, Electric Baseboard, Electric Baseboard, Hot Water Radiators, Oil, Radiant

Financial

  • APOD Available: No
  • Gross Operating Income: 72000
  • Net Operating Income: 72000

Utilities

  • Electric Info: 60 Amps/Less, None
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1935
  • Type: 2 Family - 2 Units Up/Down
  • Foundation Info: Concrete Block
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73541847
  • Last Updated: 06/26/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/25/2026New$1,149,900$494MLSPIN

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Seller's Representative: Scarlett Tamburro, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-06-26 03:30:00

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