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18 Prospect St, Watertown, MA, 02472

5beds
2baths
2,250sqft
$960,000
$427price/sqft
$6,450/moest. monthly cost
$258,000/yrincome needed

About This Home

Located in highly desirable Warrendale, this spacious two-family home offers an exceptional opportunity for homeowners, developers, and investors seeking to build equity. The first-floor apartment features five rooms with two bedrooms, while the second-floor unit offers six rooms with three bedrooms. Both apartments showcase hardwood floors in the living rooms, dining rooms, and bedrooms, along with classic built-in dining room hutches that add timeless character. Double-pane windows provide improved energy efficiency, and each unit includes both front and rear covered porches, perfect for relaxing or enjoying the outdoors. Ideally situated near Waverley Square, this property offers convenient access to local shops, restaurants, parks, Watertown Center, and Arsenal Yards. Enjoy the nearby Charles River walking, jogging, and bike path. Commuters will enjoy easy access to the Massachusetts Turnpike, multiple public transportation options, and the commuter rail.

Getting Around

72
WalkingVery Walkable
0
TransitVery Limited Transit
61
BikeBikeable

Schools

8/10
Cunniff Elementary SchoolGrades PK-50.4 mi
7/10
Watertown Middle SchoolGrades 6-80.7 mi
6/10
Watertown High SchoolGrades 9-120.8 mi

Construction

Condition

  • Year built: 1935

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: 2 Family - 2 Units Up/Down

Interior

Appliances

  • Appliances included: Range,Refrigerator
  • Laundry features: Electric Dryer Hookup

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Living Room,Dining Room,Kitchen
  • Flooring: Wood,Vinyl
  • Finished area above ground: 2,250

Heating

  • Heating features: Oil

Interior Area

  • Total structure area: 2,250
  • Total interior livable area: 2,250 sqft

Property

Details

  • Parcel number: 849871
  • Zoning: S-6

Features

  • Patio & porch: Porch

Lot

  • Lot size: 3,600 sqft
  • Features: Level

Parking

  • Total spaces: 6
  • Parking features: Off Street,Assigned,Paved
  • Has uncovered spaces: Yes
  • Uncovered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Lightning
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,854$58,248
Home Insurance *$226$2,712
Property Taxes $927$11,124
Electricity $443$5,324
Total$6,450$77,400
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$221,142/yr
40% on housing$193,500/yr
45% on housing$172,000/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.6%
7.6%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$427This listing

vs Other Active Listings

Avg $/sqft

ZIP 02472$441
Middlesex County$437

vs Homes Sold Last Month

Median $/sqft

ZIP 02472$480
Middlesex County$413

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-26Price change$960,000
2026-07-09Listed for sale$1,075,000

For Sale by Agent

AgentDelRose McShane Team
BrokerageColdwell Banker Realty - Belmont

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