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204 School St, Watertown MA 02472

Watertown, MA 02472
$2,350,000
Est. $12,856/month
6
Beds
3
Baths
3,166
Sq Ft
$742
Price/Sq Ft
0.28
Acres
1923
Year Built
1
Garage Space
56
Days on Market
Active Listed May 14, 2026 • MLS# 73519444 Copied! • Updated Jun 2, 2026

About this home

Rare opportunity to acquire 2 abutting properties being sold as a package, offering 4 rentable units: a well-maintained 3-family home and separate commercial building. The 3-family home features 6 beds, 3 bathrooms, and 3 levels of living space. The property has been well maintained w/ hardwood floors, abundant natural light, excellent ceiling height, and an updated kitchen in Unit 2. Each unit is serviced w/ its own heating system, electrical panel, and hot water tank. The commercial building sits on a T-zoned lot totaling over 7,500 square feet. Potential options include: 2-unit development w/ ADU opportunity or use/rent the building as is…buyers to perform their own due diligence w/ the city. Both properties feature curb cuts, providing sufficient off-street parking. Outstanding location on the bus line and minutes to Arsenal Yards, Charles River, Cambridge and Boston. A unique investment opportunity in highly desirable east Watertown.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
May 14, 2026
$2,350,000
Original listing
Agent: Bob Airasian Office: Coldwell Banker Realty - Belmont

Tax History

Year Taxes Assessment
2025 $9,273 $793,900

Financial Details

Annual Property Tax
$9,273
Tax Year 2025
Assessed Value
$793,900

Facts & Features

1 Car Garage

Home Facts

Type Residential Income
Style 3 Family - 3 Units Up/Down
Year Built 1923
Living Area 3,166 sq ft
Lot Size 0.28 acres
Bedrooms 6
Full Baths 3
Total Rooms 20

Investment Metrics

Units 4
Unit 1 Rent $2,500/mo · N
Unit 2 Rent $2,700/mo · Y
Unit 3 Rent $2,200/mo · N
Unit 4 Rent $3,500/mo · N
Total Monthly Rent $10,900/mo
Gross Income $130,800
Net Operating Income $130,800
Cap Rate 5.57%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full, Concrete, Unfinished
Laundry None
Features None
Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing Fenced/enclosed
Patio/Porch Porch, Enclosed
Garage Spaces 1
Has Garage Yes
Features None
Total Spaces 6
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $9,273
Assessed Value $793,900
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures See Firm Remarks Section Of The Mls Listing
Exclusions Tenants Belongings
Possession None
Accepted Financing None
Structure Type []
House Color Light blue
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 19 days

Property Overview

Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1923
Bedrooms
6
Full Bathrooms
3
Living Area
3,166 sq ft
Total Rooms
20
Stories
4
Levels
4

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full, Concrete, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1923
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Block
Stories: 4

Heating, Cooling & Utilities

Heating:
Heating Zones: 3
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch, Enclosed
Fencing: Fenced/Enclosed
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 6
Parking Features:
School District
Watertown School District local
A-
School Safety 2024-25
1.0% Low
0.8% Suspensions 0.2% In-School 0.2% Emergency
4.5% below state avg
E

Elementary Schools

8 schools
Perkins School for the Blind
0.7 mi
Grades PK-12
Star Academy (Watertown Campus)
0.7 mi
Grades PK-12
Jewish Community Day School
2.3 mi
Grades K-08
Atrium School
2.5 mi
Grades K-06
A
Hosmer School
0.2 mi | #140 of 824 | Score: 57.4
Improved 112 spots from last year
-0.8 below state avg
758 students Diverse
Rising School Diverse Student Body
Grades PK-05
St. Stephen's Armenian School
0.4 mi
Grades PK-05
A
Cunniff School
1.8 mi | #166 of 824 | Score: 56.3
Improved 20 spots from last year
-1.9 below state avg
320 students Diverse
Rising School Diverse Student Body
Grades PK-05
A+
James Russell Lowell School
891.9 mi | #84 of 824 | Score: 60.2
Improved 80 spots from last year
+2 above state avg
422 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
A-
Watertown Middle School
1.3 mi | #108 of 352 | Score: 48.6
Improved 11 spots from last year
-9.6 below state avg
583 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

2 schools
Walker Beacon School
1.5 mi
Grades 07-12
B+
Watertown High School
1.4 mi | #112 of 346 | Score: 59.3
Improved 118 spots from last year
+1.1 above state avg
761 students Diverse
18 sports • 1,578 athletes
Strong AP Program Rising School Career Tech Programs Strong Athletics
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $773
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

204 School St, Watertown MA 02472

Watertown, MA 02472

Listing Information

Listing Agent Bob Airasian
Listing Office Coldwell Banker Realty - Belmont
Office Phone 617-484-5300
Agent MLS ID BB815791
Office MLS ID AN6190
Listing Data Updated Jun 2, 2026 10:31 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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