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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 3 |
| Living area | 3,166 sqft |
| Lot size | 4,471 sqft |
| Year built | 1923 |
| Price / sqft | $442 |
| County | Middlesex |
| MLS # | 73528750 |
Listing status
| Days on market | 4 days |
| Listed on | June 2, 2026 |
Taxes & financials
| Annual property tax | $10,148 |
| Tax year | 2026 |
| Assessed value | $831,800 |
| Zoning | T |
| Gross income (actual) | $88,800/yr |
| Net operating income (actual) | $88,800/yr |
| Total actual rent | $7,400/mo |
Building & lot
| Stories | 3 |
| Total rooms | 16 |
| Lot size | 0.1 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Off Street |
| Basement | Full, Unfinished |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Watertown →
Listing courtesy of Coldwell Banker Realty - Belmont — Bob Airasian. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 204-206 School St, Watertown MA 02472 have?
It is a 3-unit multi-family property with 3,166 sqft of living area, built in 1923.
How long has 204-206 School St, Watertown MA 02472 been on the market?
204-206 School St, Watertown MA 02472 has been listed for 4 days (since June 2, 2026).
What is the estimated cap rate on this 3-family in Watertown?
Based on area median rents, the estimated cap rate is about 4.7%, with a Signal Score of 82/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,400,000 across 3 units, that works out to roughly $466,667 per unit.
What are the property taxes on 204-206 School St, Watertown MA 02472?
Annual property taxes are $10,148 (2026), on an assessed value of $831,800.
What is the price per square foot?
At $1,400,000 for 3,166 sqft, that's about $442 per square foot.
Is there parking?
4 total parking spaces (off street).
Where is this property located?
204-206 School St, Watertown MA 02472 is in Watertown, Middlesex County, MA 02472.
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