
66-68 Mount Vernon St Arlington — Photo 1 of 42
$1,499,000
Investment Analysis — 66-68 Mount Vernon St
Arlington, MA 02476
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02476 carries an estimated $6,000/mo in gross rent — about a 2.61% cap rate and $39,115/yr in estimated NOI at the $1,499,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
3
SqFt
3,194
Style
Multi Family
Built
1922
This is the kind of property that can look very different depending on who owns it. One person may see two comfortable homes under one roof. Another may see rental income helping offset the cost of ownership. Someone else may be thinking about extended family, long-term investment, or a future conversion to condominiums. Each unit offers two bedrooms, one bath, open living and dining areas, and a large updated kitchen with enough room for everyday life to feel comfortable rather than compressed. The second unit continues onto the third floor, adding two more bedrooms, another full bath, a work-from-home or studio area, and generous storage. Outside, composite decks and a screened porch create places to enjoy the property beyond the interior walls. Mini splits in both units, electrical upgrades, a two car garage and an EV charger bring useful improvements to a classic Arlington two-family. Then there is the location. Mass Ave, Menotomy Rocks Park, Robbins Farm Park, the bike path, and bus service to Alewife and Harvard Square all sit within reach, which means the property works just as well for someone who wants to stay close to home as it does for someone moving between Arlington and the city. The appeal here is not one specific use. It is having a property that can keep making sense even as your plans change.
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 History
$1,499,000
Sep 24, 2026
MLS® 73582204
$1,525,000
Jul 20, 2026
MLS® 73534531
$1,525,000
Jun 11, 2026
MLS® 73534531
Listing Agent: Steve Mckenna & The Home Advantage Team
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73582204
