Excellent opportunity for investors, flippers, and developers looking to expand their real estate portfolio in Watertown! This side-by-side multifamily property at 46–48 Bridge Street is situated on an approximately 9,095 SF corner lot, zoned for residential + mixed-use zoning, offering excellent potential for future development or redevelopment. Ideally positioned in an established residential neighborhood, across the street from a newly renovated (in progress) city park, the property is a short distance to Watertown Square, the Charles River, major roadways, public transportation, shopping, dining, parks, and everyday amenities. With Cambridge,Boston, and surrounding communities just minutes away, this location offers excellent access to all that Greater Boston has to offer. A compelling opportunity for those seeking value-add potential in a desirable and well-connected Watertown location
Multi-familyProperty Type
1850Year Built
9,095 sq ftLot Size
$232Price/Sq.Ft.
6 spacesParking
Listed by Camila Dinamarca• Cambridge Realty Group, Inc.
Bemis, located between Watertown Square and Waltham’s Moody Street, is a residential and riverside Watertown neighborhood with a Charles River edge and a low-rise streetscape. The neighborhood’s character concentrates around the Mt Auburn Street and Common Street corridor, where corner markets, bakeries, and small service storefronts set a steady, walkable rhythm. Housing reads as classic New England: wood-frame two- and three-family homes, compact colonials, and tidy porches on narrow lots. The Charles River Greenway and nearby river paths shape daily routines with water views and bike traffic. Watertown Square adds civic energy with the Watertown Free Public Library and the Watertown Savings Bank building. For a local night out, the Arsenal Yards district brings anchors like City Works and Roche Bros. without breaking the neighborhood’s quieter grain.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Total of 12 rooms
Interior entry basement
Unfinished basement
2 fireplaces (total)
Bedrooms
Two dwelling units (side-by-side configuration); each unit spans 3 levels
Bathrooms
3 full bathrooms (total)
Exterior features
Front porch
Corner lot
Home design
Two-family side-by-side property
6 stories total
Above-grade finished area about 3,767
Below-grade finished area about 1,802
Parking
6 off-street parking spaces
Construction
Frame construction
Brick/mortar foundation
Built (year per public records)
Utilities
Public water
Public sewer
HOA & community
Community amenities nearby: shopping, pool, park, medical facility, highway access, private and public schools, university
Not a senior community
Other
Property located at 46-48 Bridge St, Watertown MA 02472
Listing status: Active Under Contract
Electricity and solar
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Public record
Beds
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Middlesex County
APN
852052
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Aug 19, 2026.
Local insights from Redfin agents
Watertown's urban-suburban feeling paired with its proximity to Cambridge & Boston have caused it to rapidly transform into a destination for home buyers. Historically a manufacturing city, it has changed into a restaurant, shopping, and biotech hub...
with a completely built-out residential landscape.