Residential Income Property with
New
For Sale
$1,299,900
14 Randolph Street, Arlington, MA 02474
Off-street tandem parking and a fenced exterior add practical features to this R2-zoned property.
Property Size3,167 SF
Price / SF$410.45
Days on Market4
Property Features for 14 Randolph Street
General Information
Standard status
Active
Size
3,167 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
R2
Taxes and HOA fees
Annual Taxes
$12,604
Amenities
Park
Hot Water, Oil
Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
Range, Dishwasher, Refrigerator
Fenced
Paved, Off Street, Tandem
Balcony
Building Details
Building Size
3,167 SF
Year Built
1916
Stories
4
Listed By:
Kim Izzi
(617) 763-4034
Source:
Evrealestate
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 24 at 3:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kim Izzi
Investment Insights
Based on property information with market context.
At 14 Randolph Street in Arlington, this 3,167-square-foot residential income property was built in 1916. Interior features include a full, unfinished basement with walk-out access and an interior entry, along with hot water heating fueled by oil. The kitchen includes a range, dishwasher, and refrigerator.
The exterior includes a balcony, fencing, and paved off-street tandem parking. The property is zoned R2.
The exterior includes a balcony, fencing, and paved off-street tandem parking. The property is zoned R2.
Key Highlights
- 3,167‑square‑foot residential income property
- Built in 1916
- R2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,013
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,260,260
$1.3M
Cap Rate 7%
$900,186
$900.2K
Cap Rate 9%
$700,144
$700.1K
Market Conditions
NOI Build-Up for 3,167 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$120.9K $38.16/SF
− Vacancy
−$6.3K −$1.98/SF
EGI
$114.6K $36.18/SF
− OpEx
−$51.6K −$16.28/SF
NOI
$63.0K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,260,260
Cap Rate 7%
$900,186
Cap Rate 9%
$700,144
Alternative Uses
Best Use
Apartment 5plus
$900.2K
$787.7K – $1.05M
NOI $63,013 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,240 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,171
Businesses Nearby
Explore this area
Business Placement
Demographics for 02474, MA
28,551
Population
12,541
Households
2.3
Avg Household Size
40
Median Age
74%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
9,210
Density / Sq Mi
$139,199
Median Household Income
$80,498
Median Earnings
$2,157
Median Rent
$887,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Off-street tandem parking and a fenced exterior add practical features to this R2-zoned property.
Where is this residential income property located?
The property is located at 14 Randolph Street Arlington, MA.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 3,167‑square‑foot residential income property; Built in 1916; R2 zoning
