
1 Watermill Pl #121 Arlington — Photo 1 of 39
$695,000
Investment Analysis — 1 Watermill Pl #121
Arlington, MA 02476
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02476 carries an estimated $2,580/mo in gross rent — about a 1.21% cap rate and $8,436/yr in estimated NOI at the $695,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,021
Style
Condominium
Built
1988
Enjoy Watermill Place at its best with this inviting 2-bedroom, 2-full bath condominium offering a wonderful combination of convenience, with a terrific layout, location and beautifully maintained outdoor space. One of the highlights is the placement of this unit, with a large private balcony overlooking the landscaped garden, nearby babbling brook and, in the distance, the historic mill building — a lovely extension of the living space and an ideal spot for morning coffee, reading or relaxing outdoors. Inside, the bright and airy layout provides ease of living. The open living and dining area creates a natural gathering space, while the efficient kitchen keeps everything close at hand. The spacious primary bedroom features a large walk-in closet, private full bath and access to the private balcony. A second bedroom offers excellent flexibility for guests, a home office or den, and the second full bath includes a tub. Additional conveniences include in-unit laundry, deeded parking and a generous private storage area- located on the same floor as the residence! Watermill Place residents also enjoy a private fitness room, beautifully maintained common areas and direct access to the Minuteman Bikeway through a resident-only gate behind the building. With easy single level living, and move in ready space, you can relax and enjoy this low maintenance condominium and all that the Arlington lifestyle has to offer!
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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 10
Flooring - Laminate, Balcony - Exterior, Open Floorplan
Dining Room
Lvl First14 x 7
Flooring - Laminate, Open Floorplan
Kitchen
Lvl First10 x 8
Flooring - Laminate, Stainless Steel Appliances
Primary Bedroom
Lvl First13 x 21
Bathroom - 3/4, Walk-In Closet(s), Flooring - Laminate, Balcony - Exterior
Bedroom 2
Lvl First12 x 10
Bathroom 1
Lvl First9 x 4
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl
Bathroom 2
Lvl Main,First8 x 4
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl
Listing Agent: Steve Mckenna & The Home Advantage Team
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73582233








