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Maggie Li

I'm Maggie Li, a Newton, MA real estate agent serving first-time buyers, luxury clients and sellers across Greater Boston in English & Mandarin. Let's find your home.

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  • 1229 Centre Street, Newton Centre, MA, USA
  • (774) 222-0952
  • lyx0402@gmail.com

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William Raveis

© 2026 Maggie Li. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 204 School St, Watertown, MA 02472
Active
98 Days on market
204 School St Watertown — Photo 1 of 31

204 School St Watertown — Photo 1 of 31

Recent Drop: $150,000

$2,350,000
$2,200,000

$2,200,000

204 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 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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$695/sqft
Local Avg (Watertown)$483/sqft
44% AboveMarket Average

* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Watertown, MA.

Property Details

Financials

Original Price$2,350,000
Annual Taxes$9,273

Parking

Garage1
Off-Street6

Interior Specifications

Total Rooms20
FireplacesNone
Flooring--
BasementFull, Concrete, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationBlock
ZoningT

Property & Lot

Acres0.28
SqFt Lot12,000
Lot FeaturesCorner Lot

Neighborhood

Public Transportation • Park • Walk/Jog Trails • Laundromat • Bike Path • Conservation Area

Geography

Property History

Price Drop
$2,200,000

Was $2,350,000

Jul 23, 2026

MLS® 73519444

Listed
$2,350,000

May 14, 2026

MLS® 73519444

Sold
$2,700

Aug 9, 2025

MLS® 73412167

Listed
$2,700

Jul 31, 2025

MLS® 73412167

Expired
$2,500

Jan 16, 2025

MLS® 73170726

Listed
$2,500

Oct 16, 2023

MLS® 73170726

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)

Full Watertown, MA market report ZIP 02472 market data
Listing Provided By

Listing Agent: Bob Airasian

Listing Office: Coldwell Banker Realty - Belmont

MLS® Number: 73519444

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