Active
6 Days on market
5 Falmouth Rd #5 Watertown — Photo 1 of 24

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.

View Standard Listing

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.

Immersive Experience

Open Houses

Property Details

Financials

Original Price$719,000
Annual Taxes$7,987

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms6
FireplacesNone
FlooringHardwood
BasementY

Climate & Utilities

HeatingCentral, Natural Gas
CoolingCentral Air
WaterPublic, Individual Meter
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningS-6

Property & Lot

Acres--
SqFt Lot--
Lot Features--

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

Second
Primary BedroomBedroom 2Bathroom 1
First
Living RoomDining RoomKitchen
Basement
Bedroom 3Bathroom 2
Living Room
Lvl First

Flooring - Hardwood, Open Floorplan, Recessed Lighting, Slider

Dining Room
Lvl First

Flooring - Hardwood, Open Floorplan, Lighting - Pendant

Kitchen
Lvl First

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Stainless Steel Appliances

Primary Bedroom
Lvl Second

Walk-In Closet(s), Closet, Flooring - Hardwood, Recessed Lighting

Bedroom 2
Lvl Second
Bedroom 3
Lvl Basement

Bathroom - Full, Exterior Access, Recessed Lighting

Bathroom 1
Lvl Second

Bathroom - Full, Bathroom - With Shower Stall

Bathroom 2
Lvl Basement

Bathroom - Full, Bathroom - With Shower Stall

Listing Provided By

Listing Agent: Kyle Macnichol

Listing Office: Redfin Corp.

MLS® Number: 73576592