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40 Pierce Rd #40 Watertown — Photo 1 of 32

40 Pierce Rd #40 Watertown — Photo 1 of 32

$549,000

Investment Analysis — 40 Pierce Rd #40

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 3.94% cap rate and $21,624/yr in estimated NOI at the $549,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,311

Style

Condominium

Built

1940

Welcome home to this charming and stately brick townhouse in a prime location just minutes from Boston and less than a mile from the Waverly Commuter Rail Station. This desirable end unit is tucked away on a tree lined side street and offers the rare convenience of its own deeded private driveway. Step inside to an inviting foyer that opens to a bright, spacious main level. The open-concept living and dining areas flow seamlessly into the kitchen, featuring custom wood cabinetry, granite countertops, updated appliances including a gas range, refrigerator, and dishwasher, plus a convenient center island with seating. The kitchen opens directly to a private brick stoop, creating the perfect spot for morning coffee or container gardening. Upstairs, you'll find two generously sized bedrooms, ample closet space, a full bathroom with a tub and shower, and beautiful hardwood flooring throughout both the first and second levels. The newly finished lower level adds exceptional flexibility and living space, featuring a large family room, full bathroom with a tiled shower and glass enclosure, and a separate laundry area. This versatile level is ideal for a home office, gym, guest space, media room, or bonus room. Village Condominiums offers desirable amenities including an in-ground pool and clubhouse. Ideally situated near shopping, dining, major highways, and public transportation, this home combines suburban comfort with easy access to Boston. Watertown also offers the benefit of a state-of-the-art new high school. A wonderful opportunity to enjoy convenient, low-maintenance living in a highly desirable location! Freshly painted with new recessed lighting, this home is move-in ready. Open House: Thursday 5:00–6:30 PM; Saturday & Sunday 11:00 AM–1:00 PM.

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$549,000
Annual Taxes$2,215
HOA Fee$453

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood, Tile
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick
RoofShingle
Foundation--
ZoningRES

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Highway Access • Private School • Public School • T-Station

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bathroom 1
First
Living RoomDining RoomKitchen
Basement
Family RoomBathroom 2
Living Room
Lvl First

18 x 12

Flooring - Hardwood

Dining Room
Lvl First

9.916666666 x 9

Flooring - Hardwood, Recessed Lighting

Kitchen
Lvl First

7.916666666 x 9.166666666

Flooring - Stone/Ceramic Tile

Family Room
Lvl Basement

14 x 17.583333333

Flooring - Vinyl

Master Bedroom
Lvl Second

10.083333333 x 15.166666666

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

10.5 x 10.5

Bathroom 1
Lvl Second
Bathroom 2
Lvl Basement

5.416666666 x 7.666666666

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Lisa Cranshaw

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73573683