
5 Falmouth Rd #5 Watertown — Photo 1 of 24
$719,000
Investment Analysis — 5 Falmouth Rd #5
Watertown, MA 02472
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02472 carries an estimated $3,850/mo in gross rent — about a 3.77% cap rate and $27,125/yr in estimated NOI at the $719,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,498
Style
Condominium
Built
1960
Welcome home to 5 Falmouth Road, a light-filled townhouse-style condominium tucked away on a corner lot in Watertown. Spanning approximately 1,476 square feet of tastefully updated living space across two floors plus a finished basement, this home seamlessly combines comfort, style, and functional living space—all supported by a newer roof, brand-new AC, a tankless Navien water heater, and no monthly condo fee (owners simply split the master insurance). The main level boasts an inviting open-concept layout with pristine hardwood floors, recessed lighting, and a modern remodeled kitchen featuring updated appliances, including a newer dishwasher, stove, and refrigerator. Step through the dining area's sliding doors to your private outdoor oasis—a private fenced yard featuring a newly stained private deck, patio, and storage shed, ideal for seamless indoor-outdoor entertaining. Upstairs, discover bright sleeping quarters with hardwood floors throughout and a spacious primary suite featuring a large walk-in closet. The versatile finished lower level offers a third bedroom with a full bath, a convenient walkout exit, durable tile flooring, and laundry. Complete with an expansive paved driveway accommodating 4–5 vehicles. Positioned in a vibrant community right along the Charles River, you are minutes from Watertown Square, Arsenal Yards, The Farm at Gore Place, local dining, parks, express bus routes, and major commuter routes into Cambridge and Boston.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Open Floorplan, Recessed Lighting, Slider
Dining Room
Lvl FirstFlooring - Hardwood, Open Floorplan, Lighting - Pendant
Kitchen
Lvl FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Stainless Steel Appliances
Primary Bedroom
Lvl SecondWalk-In Closet(s), Closet, Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl SecondBedroom 3
Lvl BasementBathroom - Full, Exterior Access, Recessed Lighting
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - With Shower Stall
Bathroom 2
Lvl BasementBathroom - Full, Bathroom - With Shower Stall
Listing Agent: Kyle Macnichol
Listing Office: Redfin Corp.
MLS® Number: 73576592

