Two-Unit Duplex with
35 Sherborn Street, Arlington, MA 02474
For Sale
New
$995,000
Both residences have hardwood floors, central air conditioning, and mostly finished sunrooms.
Property Size1,914 SF
Price / SF$398.96
Days on Market5
Property Features for 35 Sherborn Street
General Information
Standard status
Size
Property subtype
Lease Term
Additional Details
Public Transit
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Gibson Sotheby's International Realty
(781) 648-3500
Listed By:
Sarah Holt
(908) 256-6856
Source:
Iverty
Added: Nov 11
Changed: Nov 14
Last Checked: Nov 14 at 2:19PM
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 Gibson Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Built in 1914, this 2,494-square-foot duplex contains two residences, each with two bedrooms, hardwood flooring, and a mostly finished sunroom. The upper unit also has a front room that can serve as a bedroom or office, along with a walk-up attic. An exterior lift at the rear connects the driveway to the first-floor unit.
Building updates include heating units installed in 2011 and 2024, a roof replaced in 2019, central air conditioning in both units, first-floor bathroom improvements, and circuit-breaker electrical service.
The property is on Sherborn Street in Arlington, within walking distance of Arlington Center and the Minuteman Bikeway. Nearby bus service connects to Harvard Square, Alewife, and Lechmere; West Medford commuter rail station is less than a mile away, with service to North Station on the Lowell Line.
Building updates include heating units installed in 2011 and 2024, a roof replaced in 2019, central air conditioning in both units, first-floor bathroom improvements, and circuit-breaker electrical service.
The property is on Sherborn Street in Arlington, within walking distance of Arlington Center and the Minuteman Bikeway. Nearby bus service connects to Harvard Square, Alewife, and Lechmere; West Medford commuter rail station is less than a mile away, with service to North Station on the Lowell Line.
Key Highlights
- Two‑unit duplex with 2,494 square feet; built in 1914
- Each residence has two bedrooms, hardwood floors, and a mostly finished sunroom
- Upper unit includes an additional front room and walk‑up attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,774
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,055,480
$1.1M
Cap Rate 7%
$753,914
$753.9K
Cap Rate 9%
$586,378
$586.4K
Market Conditions
NOI Build-Up for 2,494 SF
Gross rent
$79.3K $31.80/SF
− Vacancy
−$3.9K −$1.57/SF
EGI
$75.4K $30.23/SF
− OpEx
−$22.6K −$9.07/SF
NOI
$52.8K $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%
$1,055,480
Cap Rate 7%
$753,914
Cap Rate 9%
$586,378
Alternative Uses
Best Use
Multifamily LT 5
$753.9K
$659.7K – $879.6K
NOI $52,774 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$708.9K
$620.3K – $827.0K
NOI $49,622 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,351 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,208
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
$887,000
Median Home Value
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Market
Average Price Trend$/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 - Both residences have hardwood floors, central air conditioning, and mostly finished sunrooms.
Where is this duplex located?
The property is located at 35 Sherborn Street Arlington, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,494 square feet; built in 1914; Each residence has two bedrooms, hardwood floors, and a mostly finished sunroom; Upper unit includes an additional front room and walk‑up attic
