71-73 Elm St, Watertown MA 02472

Watertown, MA 02472 • East Watertown

$675,000

$635,000

Est. $4,091/month

Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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0.07

Acres

1932

Year Built

21

Days on Market

For Sale Price Drop -$40,000 Listed Sep 22, 2026 • MLS# 73580699 Copied! • Updated Oct 13, 2026

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About this home

RARE RESTAURANT BUILDING FOR SALE - This free-standing restaurant property is being sold as-is with all FF&E included. Includes a code-compliant full kitchen with venting, refrigerators, seating, and an additional basement dry storage area. The site directly abuts the Watertown Mall with close proximity to Arsenal Yards. This is your chance to start your own business and be a part of the red-hot Watertown submarket that is being redeveloped as the new life science destination and innovation corridor of greater Boston. Reach out to the listing broker via email or text/call to schedule your showing.

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Recently Sold Nearby

Price & Status History

Market Insights

1

Price Changes

5.9%

Price Range

Property Timeline

↓

Price Reduced

Oct 13, 2026

$635,000 $40,000 (-5.93%)

From $675,000 to $635,000 (-5.9%)

🏠

Listed for Sale

Sep 22, 2026

$675,000

Original listing

Agent: Sean Rose Office: City Realty Group

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
10/13/2026	↓ Price Reduced	$635,000	$40,000	-	From $675,000 to $635,000 (-5.9%)
09/22/2026	🏠 Listed for Sale	$675,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2023	$8,160	—

Financial Details

Annual Property Tax

$8,160

Tax Year 2023

Facts & Features

Home Facts

Type Commercial Sale

Year Built 1932

Lot Size 0.07 acres

Investment Metrics

Gross Income $31,200

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 None

Water None

Sewer None

Gas None

Other Public Water, Public Sewer

Financial

Annual Tax $8,160

HOA & Community

Fee Includes None

Amenities None

Optional Fee Includes None

MA Disclosures

Seller Disclosures None

Additional Details

Possession None

Accepted Financing None

Structure Type []

Documents None

County Middlesex

Property Overview

Listing Type

For Sale

Year Built

1932

Floor Layout

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 1932

Structure Type:

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Roof:

Foundation:

Utilities & Systems

Heating:

Cooling:

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Energy Features:

Exterior & Lot

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Parking & Garage

Parking Features:

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

St. Stephen's Armenian School

0.2 mi

Grades PK-05

Star Academy (Watertown Campus)

0.7 mi

Grades PK-12

A

Hosmer School

0.7 mi | #131 of 825 | Score: 57.5

Improved 121 spots from last year

-0.7 below state avg

693 students Diverse

Rising School Diverse Student Body Strong Attendance

Grades PK-05

H

High Schools

3 schools

D

Lyon High School

0.9 mi | #331 of 346 | Score: 27.3

Improved 19 spots from last year

-30.9 below state avg

27 students Very Diverse

12 sports • 88 athletes

High Graduation Rate Diverse Student Body

Grades 12

Mesivta High School

1.1 mi

Grades 09-12

Saint Joseph Preparatory High School

1.1 mi

Grades 09-12

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Loan Term 30 years 15 years

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $680

Homeowners Insurance $200

PMI (if <20% down) $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.

Location

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Neighborhood

East Watertown

71-73 Elm St, Watertown MA 02472

Watertown, MA 02472

Listing Information

Listing Agent Sean Rose

Listing Office City Realty Group

Office Phone 617-751-5119

Agent MLS ID CN247068

Office MLS ID NB1840

Listing Data Updated Oct 13, 2026 11:58 AM EDT

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

Contact Us

Steve Novak Real Estate

BMN Boston Powered by SERHANT

mail@steve-novak.com

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