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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.

More Info

Basic Information

  • Gross Income $130,800
  • Lot Features Corner Lot
  • Mls StatusNew
  • Parcel Number M:1027 B:0034 L:0198,853105

Tax Information

  • Tax Assessed Value $793,900
  • Tax Year 2025
  • Taxes$9,273

School Information

  • Elementary SchoolHosmer
  • High SchoolWatertown
  • High School Watertown
  • Junior HighWms

Parking

  • Covered Spaces 1
  • Garage YN Yes
  • Parking Spaces6

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms6
  • Full Bath3

Basic Information

  • List Price$2,350,000
  • MLS Number73519444
  • Modification Date05/14/2026
  • Property SubType3 Family - 3 Units Up/Down

Location

  • Address204 School Street
  • Building Number204
  • CountyMiddlesex
  • StateMA
  • StreetSchool Street
  • TownWatertown
  • Zip02472

Building

  • BasementFull, Concrete, Unfinished
  • Building Area Units Square Feet
  • FoundationBlock
  • Garage Spaces1
  • Levels 4
  • Patio And Porch Features Porch, Enclosed
  • Rooms20
  • Stories4
  • Units4
  • Year Built1923
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.28

Exterior

  • Fencing Fenced/Enclosed
  • RoofShingle

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,166
  • Lot Size Square Feet 12,000
  • Lot Size Units Acres
  • Square Feet3,166

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • House of Worship
    • Laundromat
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Walk/Jog Trails
  • Other AmenitiesBasement

Legal

  • ZoningT

Other

  • Date Listed05/14/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Bob Airasian of Coldwell Banker Realty - Belmont

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