Duplex with Two-Car
New
For Sale
$1,199,000
27-29 Lake Street, Arlington, MA 02474
One residence is scheduled to be vacant at closing, while the other is tenant-occupied.
Property Size2,745 SF
Price / SF$436.79
Days on Market6
Property Features for 27-29 Lake Street
General Information
Standard status
Active
Size
2,745 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
Peng Huo, Remax Executive Realty
Listed By:
Moor Realty Group
(781) 961-6667
Source:
Moorrealty
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 9:07AM
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 Peng Huo, Remax Executive Realty
Investment Insights
Based on property information with market context.
This 2,745-square-foot duplex dates to 1920 and contains two residences. Interior features include hardwood flooring, built-in cabinetry, and spacious kitchens, with private outdoor areas. Each unit has separate utilities, and the property includes off-street parking and a two-car garage. One residence is expected to be vacant at closing; the other provides rental income. The property is zoned R2.
The address is near Capitol Square restaurants and cafés, the Minuteman Bikeway, public transportation, and Alewife Station.
The address is near Capitol Square restaurants and cafés, the Minuteman Bikeway, public transportation, and Alewife Station.
Key Highlights
- 2,745‑square‑foot duplex built in 1920
- Two residences; one to be delivered vacant at closing and one with rental income
- Separate utilities for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,085
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,161,700
$1.2M
Cap Rate 7%
$829,786
$829.8K
Cap Rate 9%
$645,389
$645.4K
Market Conditions
NOI Build-Up for 2,745 SF
Gross rent
$87.3K $31.80/SF
− Vacancy
−$4.3K −$1.57/SF
EGI
$83.0K $30.23/SF
− OpEx
−$24.9K −$9.07/SF
NOI
$58.1K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,161,700
Cap Rate 7%
$829,786
Cap Rate 9%
$645,389
Alternative Uses
Best Use
Multifamily LT 5
$829.8K
$726.1K – $968.1K
NOI $58,085 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$780.2K
$682.7K – $910.3K
NOI $54,616 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,752 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is scheduled to be vacant at closing, while the other is tenant-occupied.
Where is this duplex located?
The property is located at 27-29 Lake Street Arlington, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 2,745‑square‑foot duplex built in 1920; Two residences; one to be delivered vacant at closing and one with rental income; Separate utilities for the units
