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!
Under contract
$900,000
38-40 Pequossette St, Watertown, MA 02472
4beds
2,717sqft
2 Family - 2 Units Up/Down
Built in 1923
-- sqft lot
$-- Zestimate®
$331/sqft
$-- HOA
What's special
- 14 days |
- 980 |
- 53 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
The Mutlu Group,
eXp Realty LLC - Corporate Office 888-854-7493
Source: MLS PIN,MLS#: 73541362
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Oil
Appliances
- Included: Range
Features
- Flooring: Wood
- Windows: Storm Window(s)
- Basement: Full,Partially Finished,Walk-Out Access,Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 2,717
- Total interior livable area: 2,717 sqft
- Finished area above ground: 2,717
Property
Parking
- Total spaces: 6
- Parking features: Paved Drive, Off Street
- Uncovered spaces: 6
Features
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Size: 4,791 Square Feet
- Features: Gentle Sloping
Details
- Parcel number: 852429
- Zoning: R
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Family - 2 Units Up/Down
Materials
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Marina, Public School
Location
- Region: Watertown
Financial & listing details
- Price per square foot: $331/sqft
- Tax assessed value: $1,054,700
- Annual tax amount: $12,867
- Date on market: 6/24/2026
- Total actual rent: 5900
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Contingent | $900,000$331/sqft |
Source: MLS PIN #73541362 Report a problem | ||
| 6/25/2026 | Listed for sale | $900,000$331/sqft |
Source: MLS PIN #73541362 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 02472
Nearby schools
GreatSchools rating
- 7/10Hosmer Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 6/10Watertown Middle SchoolGrades: 6-8Distance: 1.2 mi
- 6/10Watertown High SchoolGrades: 9-12Distance: 1.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Massachusetts
- Middlesex County
- Watertown
- 02472
- 38-40 Pequossette St






