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Active

204 School St, Watertown MA 02472

$2,350,000

Estimated $4,583/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $587,500

Total Rent: 130800/year

Estimated CAP Rate:

6 Bedrooms

Baths

3166

Total Parking: 7 (1 Garage)

12,000 (0.28)

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.

This home has been viewed 9 times

Last Checked: June 4th, 2026 at 5:03am (Source: MLS PIN #73519444)

Gross Income: $130,800

Gross Expenses: $9,273

Net Income Calc: $121,527

Water Views

Annual Expenses for 204 School St, Watertown MA 02472

Total Gross Expenses (Calculated)$9,273/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9273

Annual Income & Unit Breakdown for 204 School St, Watertown MA 02472

Total Gross Income (Calculated)$130,800

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseN

Bedrooms0

Bathrooms2 Half

Floor1

Levels in Unit1

Rent Includes

General Information for 204 School St, Watertown MA 02472

Listing ID73519444

Property TypeMulti Family / 3 Family

Price2350000 ($742.26/SqFt)

Style3 Family - 3 Units Up/down

CityWatertown

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total3166

Approximate Lot Size (Acres)0.28

Total Parking7 (1 Garage)

Garage Parking1

Year Built1923

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningT

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 204 School St, Watertown MA 02472

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher/Dryer

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 204 School St, Watertown MA 02472

Real Estate Taxes9273

Tax Year2025

Assessed Value$793,900

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 204 School St, Watertown MA 02472

Elementary SchoolHosmer

Middle SchoolWms

High SchoolWhs

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 204 School St, Watertown MA 02472

Agent

Name: Bob Airasian

Office

Name: Coldwell Banker Realty - Belmont

Phone: 617-484-5300

Payment Calculator

, Interest

Property Taxes 772.75

Principal & Interest 14479.95

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Belmont

Bob Airasian

Agent Phone

Office Phone

(617) 484-5300

Text Agent Call Agent Call Office

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    [unparsed] => 204 School St, Watertown MA 02472
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EXIT

28 More Photos

Active

204 School St, Watertown MA 02472

$2,350,000

Annual Expenses for 204 School St, Watertown MA 02472

Annual Income & Unit Breakdown for 204 School St, Watertown MA 02472

General Information for 204 School St, Watertown MA 02472

Disclosures for 204 School St, Watertown MA 02472

Financial Information for 204 School St, Watertown MA 02472

Location Information for 204 School St, Watertown MA 02472

Contact Information for 204 School St, Watertown MA 02472

Agent

Office

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Belmont

Bob Airasian