Renovation Duplex with Two
For Sale
$1,150,000
Pending
35-37 Amherst St, Arlington, MA 02474
Residential Income, Arlington, MA
Property Size2,339 SF
Lot Size0.10 Acres
Days on Market52
Property Features for 35-37 Amherst St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1
Parking
4
Directions
Mystic to Chestnut to Warren to Amherst
Subdivision
East Arlington
Standard status
Pending
APN
M:040.0 B:0004 L:0020,321292
Size
2,339 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11788
Amenities
in-unit laundry
fenced backyard
patio area
enclosed porch
hardwood floors
original woodwork
built-ins
Building Details
Year built
1924
Floors in Building
3
Number of units
2
Buildings
1
Listing Agency:
Keller Williams Realty Boston Northwest
(617) 497-8900
Listed By:
Christina Hill
(978) 369-5775
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 30 at 2:06PM
MLS# 73574735
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 35-37 Amherst St, this two-family property contains 2,339 square feet on a 0.1033-acre lot. Built in 1924, the home includes a one-bedroom, one-bath first-floor residence with living and dining areas, a kitchen, and laundry. The second-floor unit provides three bedrooms, one bath, an eat-in kitchen, laundry, and an enclosed porch facing the backyard. Hardwood flooring, original wood details, and built-in cabinetry remain among the interior features.
The property includes a fenced backyard and patio area and is offered in its current as-is condition, with renovation and repair work required. It is located just over 1/2 mile from Spy Pond Park, less than a mile from Arlington Center and the Medford Commuter Rail, and near I-93 and Route 2. The property is zoned R2.
The property includes a fenced backyard and patio area and is offered in its current as-is condition, with renovation and repair work required. It is located just over 1/2 mile from Spy Pond Park, less than a mile from Arlington Center and the Medford Commuter Rail, and near I-93 and Route 2. The property is zoned R2.
Key Highlights
- Two‑family property with 2,339 square feet on a 0.1033‑acre lot
- First‑floor unit has 1 bedroom, 1 bath, kitchen, living/dining area, and in‑unit laundry
- Second‑floor unit includes 3 bedrooms, 1 bath, eat‑in kitchen, laundry, and enclosed porch
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 residences include in-unit laundry and access to a fenced backyard and patio.
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: Two‑family property with 2,339 square feet on a 0.1033‑acre lot; First‑floor unit has 1 bedroom, 1 bath, kitchen, living/dining area, and in‑unit laundry; Second‑floor unit includes 3 bedrooms, 1 bath, eat‑in kitchen, laundry, and enclosed porch
