204 School St, Watertown MA 02472
Watertown, MA 02472
$2,350,000
$2,200,000
Est. $12,097/month
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
Market Insights
1
Price Changes
6.4%
Price Range
Property Timeline
Price Reduced
Jul 23, 2026
$2,200,000
$150,000
(-6.38%)
From $2,350,000 to $2,200,000 (-6.4%)
Listed for Sale
May 14, 2026
$2,350,000
Original listing
Agent: Bob Airasian
Office: Coldwell Banker Realty - Belmont
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/23/2026 | ↓ Price Reduced | $2,200,000 | $150,000 | - | From $2,350,000 to $2,200,000 (-6.4%) |
| 05/14/2026 | 🏠 Listed for Sale | $2,350,000 | - | - | Original listing |
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
5.95%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full, Concrete, Unfinished
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
Fenced/enclosed
Patio/Porch
Porch, Enclosed
Parking
Garage Spaces
1
Has Garage
Yes
Features
None
Total Spaces
6
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,273
Assessed Value
$793,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
See Firm Remarks Section Of The Mls Listing
Exclusions
Tenants Belongings
Additional Details
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)
74 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
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,166 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Enclosed
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, 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:
Nearby Schools
School information not available for this location.
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
$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
$0/mo
Cost $0/mo
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 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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