20-22 Franklin St

2,330 Sq. Ft.
$494 / Sq. Ft.
2,330
Sq. Ft.
$494
per Sq. Ft.

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...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

Listing Agent

  1. Scarlett Tamburro

    Scarlett Tamburro

    Listing Agent

    Compass

    P: (617)-281-2911

Property Details for 20-22 Franklin Street

Town
Watertown
MLS Area
East Watertown
Area
MA-Watertown-East Watertown, MA-Watertown
Style
Garden
Garage Spaces
2
Open Parking Spaces
4.00
Parking Spaces Total
6
LISTING UPDATED: 06/29/2026 03:06 AM

Property Details for 20-22 Franklin Street

StatusActive
MLS #73541847
Days on Market8
Taxes$11,466 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 2 Family - 2 Units Up/Down
Year Built1935
CountyMiddlesex County
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Building Information for 20-22 Franklin Street

Stories3Residences2Year Built1935Building Size-Lot Size0.09 AC / 4,057 SF

Payment Calculator

$6,686 per month

30 year fixed, 6.36% Interest

Principal and Interest

$5,730

Property Taxes

$956

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 20-22 Franklin Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Medical Facility, Private School, Public School
  • Living Area: 2330.0
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual,Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Refrigerator, Washer, Dryer, Dishwasher
  • Basement Features: Unfinished Basement
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • FireplaceFeatures: Wood Burning
  • FireplaceYN: Yes
  • Fireplaces: 2
  • Flooring: Hardwood
  • 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
  • Interior Features: Window AC
  • SpaYN: No
Exterior Features
  • Exterior Features: Balcony/Deck, Garden
  • Exterior Features: Fenced Yard, Garden Area, Porch - Enclosed, Deck, Patio
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Description: Wooded
  • Patio And Porch Features: Enclosed, Deck, Patio
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Window AC
  • Cooling: Yes
  • Electric: 60 Amps/Less
  • Heating: Hot Water, Oil
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Tax ID: 852946
  • Assessments: $938,000
  • Book: 0
  • Tax Year: 2026
  • Zoning: n/a
Building / Association Information
Living Characteristics
  • Beds Total: 4
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Block
  • Levels: 3
Income / Expenses
  • GOI: $72,000.00
  • NOI: $72,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $6,000.00

Property History for 20-22 Franklin Street

DateEvent & SourcePriceAppreciation
Jun 25, 2026

Listed (Active)

MLS PIN #73541847

$1,149,900—
DateEvent & SourcePrice
06/25/2026

Listed (Active)

MLS PIN #73541847

$1,149,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 20-22 Franklin Street

Taxable ValueLand$496,300Additions$342,100Total$838,400
Tax Record2024$9,809 ($817 / month)
Home Facts
Baths2Total Finished SqFt2,160 SqFtAbove Grade Finished SqFt2,160 SqFtUnfinished Basement SqFt1,080 SqFtStories2Lot Size4,051 SqFtStyleDuplexYear Built1935ZoningSCCountyMIDDLESEXAPNWATE M:1020 B:0012B L:0000Fireplace TypeHas Fireplace

Schools near 20-22 Franklin Street

This home is within Watertown School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Hosmer Elementary School
PublicPK to 5

Watertown Middle School
Public6 to 8

Watertown High School
Public9 to 12

J.R. Lowell Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

20-22 Franklin Street is a multi-family home for sale in Watertown, MA 02472. This property was listed for sale on June 25, 2026 by Compass, it's currently listed at $1,149,900. This listing's school district is Watertown School District. Nearby schools include Hosmer Elementary School, Watertown Middle School and Watertown High School. 20-22 Franklin Street is a 4-bed, 2-bath, 2,330 sqft multi-family home built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.