
993 Massachusetts Ave #206 Arlington — Photo 1 of 34
$395,000
Investment Analysis — 993 Massachusetts Ave #206
Arlington, MA 02476 — Arlington Heights
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02476 carries an estimated $2,170/mo in gross rent — about a 2.74% cap rate and $10,818/yr in estimated NOI at the $395,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1.5
SqFt
596
Style
Condominium
Built
1971
Tucked just off Mass Ave, this bright and beautifully maintained two-level condominium offers a rare combination of privacy, space, and convenience. Soaring ceilings, oversized windows, and serene views of a grassy common create an airy, open atmosphere, while the thoughtfully designed floor plan provides comfortable separation between living and sleeping spaces. The main level centers around an inviting open living area and well-appointed kitchen with a full complement of appliances, including a dishwasher, range, microwave, and garbage disposal. A convenient half bath completes the first floor. Upstairs, the spacious primary bedroom enjoys peaceful views and a modern en-suite bath. The location places Arlington’s best amenities just outside your door, including Stop & Shop, Whole Foods, Kickstand Café, the Regent Theatre, and an array of shops and restaurants. Convenient access to Route 2, Route 3, Davis Square, Cambridge, and downtown Boston makes commuting and exploring the city effortless. The professionally managed association takes care of heat, landscaping, snow removal, and trash, allowing for truly easy living. Common parking for residents, private basement storage, and bike storage add to the convenience. With pets welcome and rentals permitted, this versatile property offers an excellent opportunity for both owner-occupants and investors.
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 • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Highway Access • House of Worship
Geography
Listing Agent: David Lilley
Listing Office: RE/MAX Destiny
MLS® Number: 73574066
