Active
2 Days on market
298 Forest St Arlington — Photo 1 of 41

298 Forest St Arlington — Photo 1 of 41

$799,000

Investment Analysis — 298 Forest St

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 3.08% cap rate and $24,635/yr in estimated NOI at the $799,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,770

Style

Single Family

Built

1955

There’s more to this ranch than you might expect from the street. The main level keeps daily life straightforward, with great natural light in the fireplaced living room and adjoining dining or bonus area. Sliders lead to a deck with treetop views overlooking the yard, giving the main living areas a welcome connection to the outdoors. The eat-in kitchen is ready for its next update, but its size gives you something worth working with rather than working around. Three bedrooms and a full bath keep everything you need on one floor. Downstairs is where the house starts to separate itself. High ceilings and a walkout family room create a substantial second living area, complemented by a kitchenette and laundry. Use it for movie nights, guests, hobbies, or simply the extra room that becomes increasingly valuable over time. Direct access to the extended garage provides room for cars, a workshop, equipment, or storage. The backyard deserves some attention of its own. A second deck brings you down to the yard, where a fenced area works well for pets and the remaining space leaves plenty of room to garden, play, or spend an afternoon outside. When you’re heading out, the 67 bus offers direct service to Alewife and nearby parks give you more places to explore. This isn’t a finished renovation with someone else’s choices built into the price. It’s a useful, surprisingly roomy home that you can live in now and improve at your own pace.

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: 885 sq ft (the lesser of 900 sq ft or half the 1,770 sq ft principal dwelling). Lot size: 10,102 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.

Property Details

Financials

Original Price$799,000
Annual Taxes$9,291

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Hardwood
BasementFull, Partially Finished, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.23
SqFt Lot10,102
Lot FeaturesCorner Lot

Amenities & Appliances

Water Heater • Tankless Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Park • Walk/Jog Trails • Bike Path • Public School • Sidewalks

Geography

Floorplan Breakdown

Structural Layout

First
Bedroom 2Bedroom 3Bathroom 1
Basement
Family Room
Main,First
Living RoomDining RoomKitchenPrimary Bedroom
Living Room
Lvl Main,First

21 x 11

Closet, Flooring - Hardwood, Window(s) - Picture, Exterior Access, Open Floorplan, Recessed Lighting

Dining Room
Lvl Main,First

11 x 14

Flooring - Hardwood, Deck - Exterior, Exterior Access, Lighting - Overhead

Kitchen
Lvl Main,First

17 x 11

Flooring - Stone/Ceramic Tile, Exterior Access, Lighting - Overhead

Family Room
Lvl Basement

23 x 12

Flooring - Stone/Ceramic Tile, Wet Bar, Exterior Access

Primary Bedroom
Lvl Main,First

10 x 12

Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl First

9 x 9

Bedroom 3
Lvl First

10 x 13

Closet, Flooring - Hardwood, Lighting - Overhead

Bathroom 1
Lvl First

5 x 9

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Sconce, Lighting - Overhead

Property History

Listed
$799,000

Sep 11, 2026

MLS® 73576130

Expired
$799,000

Sep 8, 2026

MLS® 73533866

Listed
$799,000

Jun 10, 2026

MLS® 73533866

Listing Provided By

Listing Agent: Steve Mckenna & The Home Advantage Team

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73576130