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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

More Info

Basic Information

  • Gross Income $72,000
  • Lot Features Wooded
  • Mls StatusNew
  • Parcel Number 852946

Tax Information

  • Tax Assessed Value $938,000
  • Tax Year 2026
  • Taxes$11,466

Parking

  • Covered Spaces 2
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces6

Rooms

  • Bathroom2
  • Bathrooms Total Decimal 2
  • Bedrooms4
  • Full Bath2

Basic Information

  • List Price$1,149,900
  • MLS Number73541847
  • Modification Date06/26/2026
  • Property SubType2 Family - 2 Units Up/Down
  • Virtual TourView Tour

Location

  • Address20-22 Franklin Street
  • Building Number20-22
  • CountyMiddlesex
  • NeighborhoodEast Watertown
  • StateMA
  • StreetFranklin Street
  • SubdivisionEast Watertown
  • TownWatertown
  • Zip02472

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • FireplaceYes
  • Fireplace Features Wood Burning
  • Fireplaces Total 2
  • FoundationBlock
  • Garage Spaces2
  • Levels 3
  • Patio And Porch Features Enclosed, Deck, Patio
  • Rooms13
  • Stories3
  • Units2
  • Year Built1935
  • Year Built Details Actual, Approximate
  • Year Built Source Public Records

Property

  • Acreage0.09

Interior

  • Flooring Hardwood
  • Interior Features
    • Bathroom With Tub & Shower
    • Dining Room
    • Family Room
    • Kitchen
    • Laundry Room
    • Living Room
    • Pantry
    • Remodeled
    • Stone/Granite/Solid Counters
    • Sunroom
    • Upgraded Countertops
    • Walk-Up Attic

Exterior

  • Exterior Features Balcony/Deck, Garden
  • Fencing Fenced/Enclosed, Fenced

Utilities

  • Cooling Window Unit(s)
  • Cooling YN Yes
  • Electric 60 Amps/Less
  • Heat SystemYes
  • Heating Hot Water, Oil
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Measured
  • Living Area 2,330
  • Lot Size Square Feet 4,057
  • Lot Size Units Acres
  • Square Feet2,330

Amenities

  • AmenitiesPublic Transportation, Medical Facility, Private School, Public School
  • Appliances IncludedRange, Refrigerator, Washer, Dryer, Dishwasher
  • Other AmenitiesBasement, Fireplace, Garden

Legal

  • Zoningn/a

Other

  • Date Listed06/25/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Scarlett Tamburro of Compass

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