Two-Unit Duplex with Enclosed
For Sale
$1,150,000
Pending
35-37 Amherst St, Arlington, MA 02474
Two separate residences feature hardwood floors, private laundry, and access to a fenced yard with patio space.
Property Size2,339 SF
Days on Market52
Property Features for 35-37 Amherst St
General Information
Standard status
Pending
Size
2,339 SF
Property subtype
2 Family - 2 Units Up/Down
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
hardwood floors
in-unit laundry
enclosed porch
fenced yard
patio area
covered porch
Building Details
Building Size
2,339 SF
Year Built
1924
Listing Agency:
Keller Williams Realty Boston Northwest
(617) 497-8900
Listed By:
proActive RE Team
(617) 914-0009
Source:
Iverty
Added: Sep 9
Changed: Oct 29
Last Checked: Oct 28 at 7:32AM
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 Keller Williams Realty Boston Northwest
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Investment Insights
Based on property information with market context.
Built in 1924, this 2,339-square-foot duplex contains two distinct residences. The first-floor unit offers 1 bedroom and 1 bathroom, along with hardwood flooring, a living and dining area, kitchen, and in-unit laundry. The second-floor unit includes 3 bedrooms and 1 bathroom, plus hardwood floors, an eat-in kitchen, private laundry, and an enclosed porch facing the backyard. Original woodwork and built-in features remain throughout the property.
Exterior amenities include a fenced yard, patio area, and covered porch. The property is located at 35-37 Amherst St in Arlington, just over 1/2 mile from Spy Pond Park and less than a mile from Arlington Center and the Medford Commuter Rail. Access to I-93 and Route 2 is also nearby.
Exterior amenities include a fenced yard, patio area, and covered porch. The property is located at 35-37 Amherst St in Arlington, just over 1/2 mile from Spy Pond Park and less than a mile from Arlington Center and the Medford Commuter Rail. Access to I-93 and Route 2 is also nearby.
Key Highlights
- 2,339‑square‑foot duplex built in 1924
- Two units: 1 bed/1 bath on the first floor and 3 bed/1 bath upstairs
- Both residences include in‑unit laundry and hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,494
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,880
$989.9K
Cap Rate 7%
$707,057
$707.1K
Cap Rate 9%
$549,933
$549.9K
Market Conditions
NOI Build-Up for 2,339 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%
$989,880
Cap Rate 7%
$707,057
Cap Rate 9%
$549,933
Alternative Uses
Best Use
Multifamily LT 5
$707.1K
$618.7K – $824.9K
NOI $49,494 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$664.8K
$581.7K – $775.6K
NOI $46,538 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.38M
$1.21M – $1.62M
NOI $96,928 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,295
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature hardwood floors, private laundry, and access to a fenced yard with patio space.
Where is this duplex located?
The property is located at 35-37 Amherst St Arlington, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 2,339‑square‑foot duplex built in 1924; Two units: 1 bed/1 bath on the first floor and 3 bed/1 bath upstairs; Both residences include in‑unit laundry and hardwood flooring
