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204-206 School St, Watertown MA 02472

Watertown, MA 02472
$1,400,000
Est. $8,125/month
6
Beds
3
Baths
3,166
Sq Ft
$442
Price/Sq Ft
0.10
Acres
1923
Year Built
4
Parking
37
Days on Market
Active Listed Jun 2, 2026 • MLS# 73528750 Copied! • Updated Jun 6, 2026

About this home

Rare opportunity to acquire a well-maintained legal 3-family home perfectly located in east Watertown. Featuring 16 rooms, 6 bedrooms, 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. Vinyl siding, replacement windows, and an architectural shingle roof. Outstanding location on the bus line and minutes to Arsenal Yards, Charles River, Coolidge Sq., Cambridge/Boston, Watertown Schools, and major highways. Terrific investment opportunity with great rental history in highly desirable east Watertown.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jun 3, 2026
$1,400,000
Original listing
Agent: Bob Airasian Office: Coldwell Banker Realty - Belmont

Tax History

Year Taxes Assessment
2026 $10,148 $831,800

Financial Details

Annual Property Tax
$10,148
Tax Year 2026
Assessed Value
$831,800

Facts & Features

Home Facts

Type Residential Income
Style 3 Family - 3 Units Up/Down
Year Built 1923
Living Area 3,166 sq ft
Lot Size 0.10 acres
Bedrooms 6
Full Baths 3
Total Rooms 16

Investment Metrics

Units 3
Unit 1 Rent $2,500/mo · N
Unit 2 Rent $2,700/mo · Y
Unit 3 Rent $2,200/mo · N
Total Monthly Rent $7,400/mo
Gross Income $88,800
Net Operating Income $88,800
Cap Rate 6.34%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full, Unfinished
Laundry None
Features None
Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing Fenced/enclosed, Fenced
Patio/Porch Porch
Features Off Street
Total Spaces 4
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $10,148
Assessed Value $831,800
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures See Firm Remarks Section Of The Mls Listing
Possession None
Accepted Financing None
Structure Type []
House Color Grey
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 4 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
16
Stories
3
Levels
3

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, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1923
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Concrete Perimeter
Stories: 3

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
Fencing: Fenced/Enclosed, Fenced
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features: Off Street
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
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $846
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
$0/mo
Cost $0/mo

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

204-206 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 6, 2026 3:05 AM 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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