Investment Analysis — 1 Watermill Pl #426

Arlington, MA 02476 — Arlington Heights

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 1.28% cap rate and $8,598/yr in estimated NOI at the $670,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,037

Style

Condominium

Built

1988

Welcome to this wonderful 2-bedroom, 2-bath condominium home at the coveted Watermill Place, one of Arlington’s most desirable condominium communities. Beautifully maintained inside and out, the building offers an easy, convenient lifestyle with a special bonus just outside the door: direct resident access to the Minuteman Bikeway through a private gate. Bright, spacious and move-in ready, this inviting unit is filled with natural light. The open living and dining area flows effortlessly into an efficient kitchen, creating an easy layout for everyday living and entertaining. Step outside to the private Juliet balcony, a lovely spot overlooking the bike trail. The generous primary bedroom features a sizable walk-in closet and a private bath. A second bedroom offers wonderful flexibility for guests, a home office or additional living space, while a second full bath with tub and a large linen closet completes the floor plan. Additional conveniences include in-unit laundry, deeded parking and a private storage area located on the same floor as the unit. Residents also enjoy access to a fitness room. This lovely home offers easy condominium living in a terrific location, off the beaten path yet close to shopping, restaurants, transportation and all that Arlington 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 MLS and other third-party data may be inaccurate or out of date.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.