Two-Family Home with Enclosed
44 Peirce Street Arlington, MA 02476
44 Peirce Street, Arlington, MA, 02476
$995,000
For Sale
$995,000
Two updated units with 2+ bedrooms each, enclosed porches, and off-street parking near local transportation and schools.
Property Size2,644 SF
Price / SF$376.32
Days on Market8
Property Features for 44 Peirce Street
General Information
- Standard status
- Active
- Size
- 2,644 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1916
Listing agency
Gibson Sotheby's International Realty
Listed by
Steve McKenna & The Home Advantage Team
(617) 731-4644
Source
Hammondre
Added: Jul 14 Updated: Jul 21 at 3:58AM Checked: Jul 21 at 3:58AM
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
Investment Insights
Based on property information with market context.
This two-family home has been lovingly maintained by the same owners for more than 70 years and is being offered for the first time. Each unit features 2+ bedrooms, spacious living and dining rooms, and a full bath, with inviting enclosed porches that add additional usable space. In-unit 2 also includes a finished attic, providing extra flex space that can serve multiple needs. The property includes updates to the kitchens, systems, roof, and exterior, supporting a strong baseline for comfortable ownership.
Located in Arlington, Massachusetts and described as being within the MBTA overlay district, the home is close to transportation, a bike trail, schools, shops, and everyday conveniences.
Additional features include off-street parking and a charming garden, complementing the classic two-family layout and overall livability.
Located in Arlington, Massachusetts and described as being within the MBTA overlay district, the home is close to transportation, a bike trail, schools, shops, and everyday conveniences.
Additional features include off-street parking and a charming garden, complementing the classic two-family layout and overall livability.
Key Highlights
- Two‑family home built in 1916, first time offered by the same owners for more than 70 years
- Each unit has 2+ bedrooms, spacious living and dining rooms, and a full bath
- Both units feature enclosed porches for added living space
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.1k | $31.80 |
| − Vacancy | −$4.2k | −$1.57 |
| EGI | $79.9k | $30.23 |
| − OpEx | −$24.0k | −$9.07 |
| NOI | $55.9k | $21.16 |
2,644 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$799.3K
$699.4K – $932.5K
NOI $55,948 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$751.5K
$657.6K – $876.8K
NOI $52,607 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,567 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two updated units with 2+ bedrooms each, enclosed porches, and off-street parking near local transportation and schools.
Where is this duplex located?
The property is located at 44 Peirce 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‑family home built in 1916, first time offered by the same owners for more than 70 years; Each unit has 2+ bedrooms, spacious living and dining rooms, and a full bath; Both units feature enclosed porches for added living space
