151 Wright Street Arlington — Photo 1 of 30
$899,000
Investment Analysis — 151 Wright Street
Arlington, MA 02474
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02474 carries an estimated $3,720/mo in gross rent — about a 2.83% cap rate and $25,480/yr in estimated NOI at the $899,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
2,520
Style
Single Family
Built
1960
Step back in time at 151 Wright Street, a true time capsule brimming with original charm and endless potential. Lovingly maintained over the years, this classic Cape offers a rare opportunity to own a home that has preserved its character while providing the perfect canvas for your personal vision. Featuring three bedrooms, one and a half bathrooms, specious living space, the home offers a functional layout with sun-filled living areas, generously sized bedrooms, and a finished lower level ideal for a family room, home office, or gym. The private backyard provides plenty of space for entertaining, gardening, or simply enjoying the outdoors. Perfectly situated on a quiet, tree-lined street just moments from Arlington Center, top-rated schools, parks, shopping, dining, and commuter routes, this is a rare chance to restore, renovate, or simply appreciate a home that has stood the test of time. Whether you're looking to preserve its vintage charm or create your dream home, 151 Wright Street offers exceptional potential in one of Arlington's most sought-after neighborhoods.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,520 sq ft principal dwelling). Lot size: 3,999 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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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Park • Walk/Jog Trails • Golf • Medical Facility • Bike Path • Conservation Area
Geography
Listing Agent: Aj Arstamyan
Listing Office: Coldwell Banker Realty - Boston
MLS® Number: 73552680
