
204 School St Watertown — Photo 1 of 31
Recent Drop: $150,000
$2,200,000
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.
* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Watertown, MA.
Public Transportation • Park • Walk/Jog Trails • Laundromat • Bike Path • Conservation Area
Was $2,350,000
Jul 23, 2026
MLS® 73519444
May 14, 2026
MLS® 73519444
Aug 9, 2025
MLS® 73412167
Jul 31, 2025
MLS® 73412167
Jan 16, 2025
MLS® 73170726
Oct 16, 2023
MLS® 73170726
35,620
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$126K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
52.3%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
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 Agent: Bob Airasian
Listing Office: Coldwell Banker Realty - Belmont
MLS® Number: 73519444
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