Renovated Duplex with Private
29-31 Coleman Road, Arlington, MA 02474
For Sale
$2,299,000
Two separate residences provide matching three-bedroom layouts, with private outdoor space and off-street parking.
Property Size4,875 SF
Price / SF$471.59
Days on Market12
Property Features for 29-31 Coleman Road
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
decks
yard
storage sheds
central air conditioning
in-unit laundry
Building Details
Year Built
Buildings
Stories
Listing Agency:
Berkshire Hathaway HomeServices Robert Paul Properties
Listed By:
Lisa Sheehan · License #449001172
(978) 821-4023
Source:
Merryfoxrealty
Added: Oct 27
Changed: Nov 6
Last Checked: Nov 6 at 10:28AM
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 Berkshire Hathaway HomeServices Robert Paul Properties
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Investment Insights
Based on property information with market context.
This 4,875-square-foot duplex, built in 1927, contains two residences across four full levels. Each unit has three bedrooms, 2.5 baths, an open living area, hardwood floors, a quartz kitchen with premium appliances, and two bedrooms connected by a Jack-and-Jill bath. The upper residence adds a primary suite, dedicated workspace, and three private decks; the first-floor residence includes a primary suite and bonus room.
Recent renovation work includes updated systems. Both units have central air conditioning and in-unit laundry. The property also offers multiple private decks, a shared yard with storage sheds, and exclusive paved off-street parking. Appliances carry warranties, and a one-year builder warranty is included.
Local parks and eateries are a short walk away. The 77 bus runs on Mass Ave, and Route 2 is minutes away, providing a route toward Boston.
Recent renovation work includes updated systems. Both units have central air conditioning and in-unit laundry. The property also offers multiple private decks, a shared yard with storage sheds, and exclusive paved off-street parking. Appliances carry warranties, and a one-year builder warranty is included.
Local parks and eateries are a short walk away. The 77 bus runs on Mass Ave, and Route 2 is minutes away, providing a route toward Boston.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 baths
- 4,875 square feet across four full levels
- Upper unit includes three private decks and a dedicated workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,157
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,063,140
$2.1M
Cap Rate 7%
$1,473,671
$1.5M
Cap Rate 9%
$1,146,189
$1.1M
Market Conditions
NOI Build-Up for 4,875 SF
Gross rent
$155.0K $31.80/SF
− Vacancy
−$7.7K −$1.57/SF
EGI
$147.4K $30.23/SF
− OpEx
−$44.2K −$9.07/SF
NOI
$103.2K $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%
$2,063,140
Cap Rate 7%
$1,473,671
Cap Rate 9%
$1,146,189
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.29M – $1.72M
NOI $103,157 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $96,996 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,019 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,029
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 - Two separate residences provide matching three-bedroom layouts, with private outdoor space and off-street parking.
Where is this duplex located?
The property is located at 29-31 Coleman Road Arlington, MA.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 baths; 4,875 square feet across four full levels; Upper unit includes three private decks and a dedicated workspace
