
16-18 Alfred Rd Arlington — Photo 1 of 37
$1,695,000
Investment Analysis — 16-18 Alfred Rd
Arlington, MA 02474 — East Arlington
Based on rent reported on the MLS listing, a 2-unit multi-family in 02474 carries $4,200/mo in gross rent — about a 1.57% cap rate and $26,657/yr in estimated NOI at the $1,695,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3
SqFt
3,582
Style
Multi Family
Built
1923
A rare opportunity to own a two family home in East Arlington, one of the area's most desirable neighborhoods. The upper unit spans two levels and has been extensively remodeled with exceptional attention to detail, featuring numerous high-end upgrades; including new roof, new appliances, new kitchen, new bathroom, freshly painted & more! The scope of improvements is so comprehensive, upgrade sheets will be available for review. The first floor unit has also been refreshed and offers exposed brick accents, an updated bathroom and in-unit laundry, creating a comfortable and attractive living space for owners or tenants alike. Throughout the home, significant investments have been made in energy efficiency and comfort, including full insulation and soundproofing. Full owned solar panels help offset electric costs, while a new insulated roof system with architectural shingles and new gutters provide peace of mind for years to come. Outside, the property is beautifully landscaped with thoughtfully selected native plantings, creating an inviting and low-maintenance outdoor setting. Ideally located near Mass Ave, the Minuteman Bike Path, Alewife Station, and Spy Pond, this property offers the perfect combination of quality, efficiency, and convenience.
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 MLS and other third-party data may be inaccurate or out of date.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 • Microwave • Refrigerator
Geography
Property History
$1,695,000
Jul 27, 2026
MLS® 73554528
$4,200
Jan 22, 2026
MLS® 73449129
$4,200
Oct 29, 2025
MLS® 73449129
$4,200
May 11, 2025
MLS® 73367561
$4,200
Apr 30, 2025
MLS® 73367561
Listing Agent: Catherine Walsh
Listing Office: Coldwell Banker Realty - Easton
MLS® Number: 73554528
