Arlington Two-Family
155 Thorndike Street Arlington, MA 02474
For Sale
$1,185,000
Two well-maintained units each include separate systems with basement laundry and Burnham boilers.
Property Size2,142 SF
Lot Size0.16 Acres
Price / SF$553.22
Days on Market134
Property Features for 155 Thorndike Street
General Information
- Standard status
- Active
- Size
- 2,142 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1930
Listing Agency:
RE/MAX Real Estate Center
(617) 576-3800
Listed By:
Joanne McDonnell · License #9630781
(617) 576-3800
Source:
Compass
Added: Mar 12
Changed: Jul 23
Last Checked: Jul 23 at 4:14PM
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 RE/MAX Real Estate Center
Investment Insights
Based on property information with market context.
This well-maintained East Arlington two-family offers two separate residential units with dedicated systems. Unit 1 features 4 rooms with 2 bedrooms and 1 bath, and Unit 2 features 5 rooms with 3 bedrooms and 1 bath. Both units have basement laundry, and the property is equipped with Burnham boilers. The roof is approximately 10 years old and is described as having substantial remaining life.
The property sits on a 7,157 sq ft lot with a fenced backyard. Outdoor improvements include a greenhouse and garden area. It is positioned beside Thorndike Dog Park, with steps to Magnolia Park and the Minuteman Bike Path, and within an under-10-minute walk to the Alewife Red Line T station. Mass Ave shops and restaurants are also a quick walk away.
A neighboring property at 151 Thorndike St is also listed for sale.
The property sits on a 7,157 sq ft lot with a fenced backyard. Outdoor improvements include a greenhouse and garden area. It is positioned beside Thorndike Dog Park, with steps to Magnolia Park and the Minuteman Bike Path, and within an under-10-minute walk to the Alewife Red Line T station. Mass Ave shops and restaurants are also a quick walk away.
A neighboring property at 151 Thorndike St is also listed for sale.
Key Highlights
- East Arlington two‑family built in 1930 with separate systems for each unit and basement laundry
- Unit mix: Unit 1 has 2BR/1BA (4 rooms); Unit 2 has 3BR/1BA (5 rooms)
- Each unit is heated by Burnham boilers; full unfinished basement includes a sump pump
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.1k | $31.80 |
| − Vacancy | −$3.4k | −$1.57 |
| EGI | $64.8k | $30.23 |
| − OpEx | −$19.4k | −$9.07 |
| NOI | $45.3k | $21.16 |
2,142 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$647.5K
$566.6K – $755.4K
NOI $45,325 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$608.8K
$532.7K – $710.3K
NOI $42,619 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,764 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two well-maintained units each include separate systems with basement laundry and Burnham boilers.
Where is this duplex located?
The property is located at 155 Thorndike Street Arlington, MA.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: East Arlington two‑family built in 1930 with separate systems for each unit and basement laundry; Unit mix: Unit 1 has 2BR/1BA (4 rooms); Unit 2 has 3BR/1BA (5 rooms); Each unit is heated by Burnham boilers; full unfinished basement includes a sump pump
