108 Water St, Watertown MA 02472

Watertown, MA 02472

$3,900,000

Est. $22,949/month

0.45

Acres

Commercial

Type

15 hours 0 minutes

Time on Market

Active Listed Jun 9, 2026 • MLS# 73532588 Copied!

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About this home

Development site approved by Watertown Planning Board and Board of Appeals for 52 units overlooking the Charles River.Includes 9 studio units, 30 one-bedroom units, 12 two-bedroom units, and one three bedroom units.On-site parking for 27 vehicles. Steps to MBTA bus stops with services to Downtown, Copley Square, Allston/Brighton/Kenmore Sq., Harvard Sq. & Central Sq. Cambridge, Waltham, Newton, Needham, and Dedham. Planned amenities include a roof deck, elevator, indoor bicycle parking, and electric parking stations

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Property Overview

Property Type

Commercial

Listing Type

Land

Facts & Features

Home Facts

Type Land

Style Commercial

Lot Size 0.45 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features None

Utilities

Electric On-site

Water Public, On-site

Sewer Public Sewer, On-site

Gas On-site

Other None

Financial

Annual Tax $36,346

Assessed Value $1,584,600

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Structure Type:

Exterior Materials:

Roof:

Foundation:

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source: Public, On-Site

Sewer: Public Sewer, On-Site

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features: Sloped

Road Surface: Paved

Parking & Garage

Parking Features:

Location

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Neighborhood

108 Water St, Watertown MA 02472

Watertown, MA 02472

Walkability

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Nearby Schools

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

3 schools

A

Underwood School

0.4 mi | #103 of 824 | Score: 59.2

Improved 37 spots from last year

+1 above state avg

253 students Very Diverse

Rising School Diverse Student Body

Grades K-05

Perkins School for the Blind

0.5 mi

Grades PK-12

A-

Lincoln-Eliot Elementary School

0.5 mi | #249 of 824 | Score: 52.4

Dropped 192 spots from last year

-5.8 below state avg

336 students Very Diverse

Diverse Student Body

Grades K-05

M

Middle Schools

3 schools

A+

Bigelow Middle School

0.6 mi | #26 of 352 | Score: 60.6

Improved 44 spots from last year

+2.4 above state avg

434 students Diverse

Rising School Diverse Student Body

Grades 06-08

A-

Watertown Middle School

0.9 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

A+

F.A. Day Middle School

1.5 mi | #11 of 352 | Score: 63.2

Improved 40 spots from last year

+5 above state avg

860 students Diverse

Rising School Diverse Student Body

Grades 06-08

H

High Schools

3 schools

B+

Watertown High School

0.8 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

D

Lyon High School

1.4 mi | #328 of 346 | Score: 27.8

Improved 22 spots from last year

-30.4 below state avg

95 students Diverse

12 sports • 88 athletes

Rising School Diverse Student Body

Grades 12

Walker Beacon School

1.4 mi

Grades 07-12

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Loan Term 30 years 15 years

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $3,029

Homeowners Insurance $200

PMI (if <20% down) $0

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Total of 360 payments $0

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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.

Property History

Property Timeline

🏠

Listed for Sale

Jun 9, 2026

$3,900,000

Original listing

Agent: John Nealon Office: W. J. Nealon Commercial Realty, Inc.

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
06/09/2026	🏠 Listed for Sale	$3,900,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Jun 9, 2026	New Listing Added	$3,900,000	—

Market Statistics

Time on Market

15 hours 0 minutes

Price per Sq Ft

$—

Tax History

Year	Taxes	Assessment
2026	$36,346	$1,584,600

Financial Details

Annual Property Tax

$36,346

Tax Year 2026

Assessed Value

$1,584,600

Listing Information

Listing Agent John Nealon

Listing Office W. J. Nealon Commercial Realty, Inc.

Agent MLS ID NB112111

Office MLS ID NB2551

Listing Data Updated Jun 9, 2026 2:05 PM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.