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
| Units | 2 |
| Living area | 2,330 sqft |
| Lot size | 4,057 sqft |
| Year built | 1935 |
| Price / sqft | $472 |
| County | Middlesex |
| MLS # | 73541847 |
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Auto-generated from the listing data — richer AI answers coming with the live site.
It is a 2-unit multi-family property with 2,330 sqft of living area, built in 1935.
At a list price of $1,149,900 across 2 units, that works out to roughly $574,950 per unit.
At $1,149,900 for 2,330 sqft, that's about $472 per square foot.
20-22 Franklin Street, Watertown MA 02472 is in Watertown, Middlesex County, MA 02472.

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.