Vacant Two-Unit
28-30 Sherborn St, Arlington, MA 02474
For Sale
$1,099,000
Each residence has two bedrooms and a full bath, with both units currently unoccupied.
Property Size2,340 SF
Price / SF$469.66
Days on Market25
Property Features for 28-30 Sherborn St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
rear yard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty - Cambridge
Listed By:
David Lenoir
(781) 856-4350
Source:
Urbancirclerealty
Added: Oct 14
Changed: Nov 5
Last Checked: Nov 6 at 10:13AM
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 - Cambridge
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Investment Insights
Based on property information with market context.
Built in 1924, this duplex contains 2,340 square feet across 11 rooms. The two vacant units each have two bedrooms and a full bath. Interior features include hardwood flooring and plaster walls; the exterior is wood shingle beneath a hip roof. Heat is provided by an oil-fired steam system, with driveway parking and a rear yard on the property. The sale is an estate sale, and the property is offered as is.
In Arlington Center, the property has a Walk Score and Bike Score of 83. Whole Foods and Stop & Shop are on Mass Ave, and the Minuteman Bikeway is accessible from the neighborhood. MBTA bus routes serving Arlington Center connect with Harvard Square, Alewife, Lechmere, and Sullivan Square. West Medford commuter rail station is approximately 0.9 miles away, with Lowell Line service to North Station.
In Arlington Center, the property has a Walk Score and Bike Score of 83. Whole Foods and Stop & Shop are on Mass Ave, and the Minuteman Bikeway is accessible from the neighborhood. MBTA bus routes serving Arlington Center connect with Harvard Square, Alewife, Lechmere, and Sullivan Square. West Medford commuter rail station is approximately 0.9 miles away, with Lowell Line service to North Station.
Key Highlights
- Two vacant units, each with two bedrooms and a full bath
- 2,340 square feet across 11 rooms
- Built in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,515
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,300
$990.3K
Cap Rate 7%
$707,357
$707.4K
Cap Rate 9%
$550,167
$550.2K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$74.4K $31.80/SF
− Vacancy
−$3.7K −$1.57/SF
EGI
$70.7K $30.23/SF
− OpEx
−$21.2K −$9.07/SF
NOI
$49.5K $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%
$990,300
Cap Rate 7%
$707,357
Cap Rate 9%
$550,167
Alternative Uses
Best Use
Multifamily LT 5
$707.4K
$618.9K – $825.3K
NOI $49,515 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$665.1K
$582.0K – $776.0K
NOI $46,558 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $96,969 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,535
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
$887,000
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Middlesex County, MA
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and a full bath, with both units currently unoccupied.
Where is this duplex located?
The property is located at 28-30 Sherborn St Arlington, MA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two vacant units, each with two bedrooms and a full bath; 2,340 square feet across 11 rooms; Built in 1924
