Two-Family Home with In-Unit
16-18 Alfred Rd Arlington, MA 02474
New
For Sale
$1,695,000
Two-unit duplex with remodeled upper layout, refreshed first-floor unit, and in-unit laundry for both apartments.
Days on Market3
Property Features for 16-18 Alfred Rd
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1923
Listing Agency:
Coldwell Banker Realty - Easton
(508) 328-6563
Listed By:
Catherine Walsh · License #9580272
(508) 328-6563
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 5:34AM
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 Coldwell Banker Realty - Easton
Investment Insights
Based on property information with market context.
This two-family duplex includes an upper unit that spans two levels and has been extensively remodeled with attention to detail. The upgrades include enhanced soundproofing and in-unit laundry, along with energy efficiency improvements such as full insulation.
The first-floor unit has been refreshed and features exposed brick accents, an updated bathroom, and in-unit laundry. Additional investments throughout the property include soundproofing and comfort-focused improvements. Owned solar panels help offset electric costs, and a new roof system with architectural shingles and new gutters have been installed. Outside, the property is landscaped with native plantings designed for an inviting, low-maintenance setting.
The home is described as located near Mass Ave, the Minuteman Bike Path, Alewife Station, and Spy Pond, supporting everyday convenience for residents.
The first-floor unit has been refreshed and features exposed brick accents, an updated bathroom, and in-unit laundry. Additional investments throughout the property include soundproofing and comfort-focused improvements. Owned solar panels help offset electric costs, and a new roof system with architectural shingles and new gutters have been installed. Outside, the property is landscaped with native plantings designed for an inviting, low-maintenance setting.
The home is described as located near Mass Ave, the Minuteman Bike Path, Alewife Station, and Spy Pond, supporting everyday convenience for residents.
Key Highlights
- Two‑family duplex with 1923 build year in East Arlington
- Upper unit spans two levels and has been extensively remodeled with in‑unit laundry
- First‑floor unit refreshed with updated bathroom and in‑unit laundry
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 | $113.9k | $31.80 |
| − Vacancy | −$5.6k | −$1.57 |
| EGI | $108.3k | $30.23 |
| − OpEx | −$32.5k | −$9.07 |
| NOI | $75.8k | $21.16 |
3,582 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$947.5K – $1.26M
NOI $75,796 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$1.02M
$890.9K – $1.19M
NOI $71,270 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$2.12M
$1.86M – $2.47M
NOI $148,437 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with remodeled upper layout, refreshed first-floor unit, and in-unit laundry for both apartments.
Where is this duplex located?
The property is located at 16-18 Alfred Rd Arlington, MA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Two‑family duplex with 1923 build year in East Arlington; Upper unit spans two levels and has been extensively remodeled with in‑unit laundry; First‑floor unit refreshed with updated bathroom and in‑unit laundry
