Emily Christenbury
← INNOVATE Real Estate
Commercial at 108 Water St, Watertown MA 02472, Watertown
Commercial at 108 Water St, Watertown MA 02472, Watertown, photo 2 of 3
Commercial at 108 Water St, Watertown MA 02472, Watertown, photo 3 of 3
3 photos

$3,900,000

108 Water St, Watertown MA 02472
Watertown, MA 02472
Listed by John Nealon
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Development site approved by Watertown Planning Board and Board of Appeals for 52 units overlooking the Charles River.Includes 9 studio units, 30 one-bedroom units, 12 two-bedroom units, and one three bedroom units.On-site parking for 27 vehicles. Steps to MBTA bus stops with services to Downtown, Copley Square, Allston/Brighton/Kenmore Sq., Harvard Sq. & Central Sq. Cambridge, Waltham, Newton, Needham, and Dedham. Planned amenities include a roof deck, elevator, indoor bicycle parking, and electric parking stations

Property details

MLS #
73532588
Property type
Commercial
Subdivision
N/A
Status
Active
Days on market
119
On market date
June 2, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.45 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Underwood
0.42 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
218
Student:teacher ratio
10.4:1
District
Newton
Middle
Bigelow Middle
0.55 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
465
Student:teacher ratio
9.5:1
District
Newton
High
Watertown High
0.68 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
705
Student:teacher ratio
9.5:1
District
Watertown

Walkability

Blended score for Watertown's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

97
Highly walkable
out of 100
EPA National Walkability Index
18.8 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks20
Schools20
Transit stops20
Pharmacies9

Market position

How this listing compares to current activity in Watertown, from live MLS data.

On the market 119 days -- 43 more days than Watertown's current average of 76 days.
For reference, the median list price across 332 active listings in Watertown right now is $5,350.

Mortgage calculator

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Est. monthly payment
$23,636/mo
$780,000 down
$3,120,000 loan
Principal & interest$20,236
Property tax (est.)$3,250
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 13, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.