204-206 School St, Watertown MA 02472
Watertown, MA 02472
$1,400,000
$1,250,000
Est. $7,366/month
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
Market Insights
1
Price Changes
10.7%
Price Range
Property Timeline
Price Reduced
Jul 23, 2026
$1,250,000
$150,000
(-10.71%)
From $1,400,000 to $1,250,000 (-10.7%)
Listed for Sale
Jun 3, 2026
$1,400,000
Original listing
Agent: Bob Airasian
Office: Coldwell Banker Realty - Belmont
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/23/2026 | ↓ Price Reduced | $1,250,000 | $150,000 | - | From $1,400,000 to $1,250,000 (-10.7%) |
| 06/03/2026 | 🏠 Listed for Sale | $1,400,000 | - | - | Original listing |
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
7.10%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full, Unfinished
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
Fenced/enclosed, Fenced
Patio/Porch
Porch
Parking
Features
Off Street
Total Spaces
4
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$10,148
Assessed Value
$831,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
See Firm Remarks Section Of The Mls Listing
Additional Details
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)
55 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
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,166 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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
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
Elementary Schools
8 schools
Perkins School for the Blind
0.7 mi
Grades PK-12
Star Academy (Watertown Campus)
0.8 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
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
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
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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
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Down: $0
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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
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Current Rate
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+0.5% Rate
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Payment Over Time
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
Jul 27, 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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