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$2,350,000
Total Beds: 6 Total Baths: 3
Total Units: 4 SQFT: 3166
LOT size: 0.28 Acres
204 School St
Watertown, MA 02472
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Property Description

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.

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Bike Path, Conservation Area, House of Worship, Laundromat, Park, Private School, Public School, Public Transportation, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Unfinished Basement

Financial

  • APOD Available: No
  • Gross Operating Income: 130800
  • Net Operating Income: 130800

Utilities

  • Heat Zones: 3
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1923
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73519444
  • Last Updated: 05/18/26

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Map

Seller's Representative: Bob Airasian, Coldwell Banker Realty - Belmont
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-05-18 03:05:00

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