204 School St, Watertown, MA 02472

Property Description

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.

Listing Status:

Active

Date Added:

May 14, 2026

Data Last Updated:

June 12, 2026 at 10:06PM

Listing Office:

Coldwell Banker Realty - Belmont : 617-484-5300

Listing Agent:

Bob Airasian : 617-515-1560

MLS ID:

73519446

Location

• Road/Access: Public
• Originating MLS: MLS Property Information Network
• County: Middlesex

Lot

• Zoning: TM:1027 B:0034 L:0198853105

Utilities

• Utilities: On-SiteElectricity on Property
• Water: Public
• Sewer: Public Sewer

Financial

• Source: MLS Property Information Network