Active Under Contract
79 Days on market
204-206 School St Watertown — Photo 1 of 19
Recent Drop: $150,000
$1,400,000$1,250,000
$1,250,000
204-206 School St, Watertown, MA 02472
Watertown, MA 02472
Beds
6
Baths
3
SqFt
3,166
Style
3 Family - 3 Units Up/Down
Built
1923
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.
Market Value Analysis
This Property
Size (SqFt) →Price →This Property$395/sqft
Local Avg (Watertown)$491/sqft
20% BelowMarket Average
* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Watertown, MA.
Property Details
Financials
Original Price$1,400,000
Annual Taxes$10,148
Parking
Garage0
Off-Street4
Interior Specifications
Total Rooms16
FireplacesNone
Flooring--
BasementFull, Unfinished
Climate & Utilities
Heating--
Cooling--
WaterPublic
SewerPublic Sewer
Building & Exterior
Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningT
Property & Lot
Acres0.1
SqFt Lot4,471
Lot Features--
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Bike Path
Geography
Property History
Price Drop
$1,250,000
Was $1,400,000
Jul 23, 2026
MLS® 73528750
Listed
$1,400,000
Jun 2, 2026
MLS® 73528750
Population
35,620
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$126K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
52.3%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Middlesex County
2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Provided By
Listing Agent: Bob Airasian
Listing Office: Coldwell Banker Realty - Belmont
MLS® Number: 73528750
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