251 Massachusetts Avenue #2 Arlington — Photo 1 of 42
$1,350,000
Investment Analysis — 251 Massachusetts Avenue #2
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 1.22% cap rate and $16,509/yr in estimated NOI at the $1,350,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,715
Style
Condominium
Built
1900
Great location - on a corner lot in East Arlington near theater, shops and restaurants. Only 3/10ths of a mile from bike path. Easy bus to Cambridge/Alewife. Corner lot with driveway and offstreet parking on Everett make for easier getting in/out of driveway. Incredible space for entertaining and day-to-day living. Wonderful features - beautiful front porch and entry, gracious foyer in unit. Large open LR/DR with high ceilings, lots of light through NEW WINDOWS and hardwood floors. Kitchen open to family room was updated and has large eating area. Laundry and pantry near back egress that also leads to a fabulous little balcony for morning coffee or catching up in the evening. Two other rooms complete main level - a perfect office, full bath and a bedroom (currently used as a den with twin pullout chairs for guests) with great storage. Upstairs there are 2 bedrooms and 2 baths. The primary suite is very large with an incredibly functional walk-in closet and a very spacious bathroom with double sinks. The second bedroom and a full hall bath complete the floor. Basement has private areas for each unit plus other space that is not assigned. Might be possible to finish a room. You'll be thrilled throughout the year for off-street parking and one garage space. WINDOWS were recently replaced!!! Whether you need to upsize, downsize or are just looking to be in a vibrant area with proximity to Cambridge and Boston, this property offers a great lifestyle.
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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Bike Path • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Second13 x 16
Flooring - Hardwood
Dining Room
Lvl Second16 x 13
Flooring - Hardwood
Kitchen
Lvl Second20 x 12
Flooring - Hardwood, Countertops - Stone/Granite/Solid
Office
Lvl Second7 x 10
Flooring - Hardwood
Family Room
Lvl Second15 x 15
Flooring - Hardwood
Master Bedroom
Lvl Third19 x 18
Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Third13 x 16
Bedroom 3
Lvl Second12 x 15
Flooring - Hardwood
Bathroom 1
Lvl Second5 x 8
Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Third12 x 9
Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl Third8 x 7
Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Listing Agent: Elizabeth Darby
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73573540
