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117 Pierce Road #117 Watertown — Photo 1 of 23

117 Pierce Road #117 Watertown — Photo 1 of 23

$529,000

Investment Analysis — 117 Pierce Road #117

Watertown, MA 02472

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02472 carries an estimated $3,210/mo in gross rent — about a 3.41% cap rate and $18,020/yr in estimated NOI at the $529,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,311

Style

Condominium

Built

1940

Offering the space and feel of a single-family home with the ease of condominium living, this three-level townhouse at The Village Condominiums features 1,311 square feet of well-designed living space. The open concept main level offers a bright and inviting living room, dedicated dining area and kitchen, with a sliding glass door extending the living space outdoors to a private deck. Upstairs are two generously sized bedrooms and a full bathroom, including one bedroom with windows on two sides providing abundant natural light, along with attic access for additional storage. The lower level is partially finished, offering flexible space for a variety of uses, along with in-unit laundry and ample storage. Central air, an assigned off-street parking space and professional management add to the convenience. The Village Condominiums offers residents access to a swimming pool, clubhouse and beautifully maintained grounds. Enjoy a convenient Watertown location with Waverley Square, Watertown Square, neighborhood parks and trails all close by, plus easy connections into Boston and beyond.

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 MLS and other third-party data may be inaccurate or out of date.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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Property Details

Financials

Original Price$529,000
Annual Taxes$5,819
HOA Fee$453

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms5
FireplacesNone
Flooring--
BasementY

Climate & Utilities

HeatingCentral
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningRes

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer

Geography

Listing Provided By

Listing Agent: Tracy Shea

Listing Office: Coldwell Banker Realty - Boston

MLS® Number: 73576247