Two-Unit Duplex with Private
For Sale
$1,250,000
48-50 Melrose Street, Arlington, MA 02474
Hardwood floors, separate laundry areas, and a private outdoor deck add practical features across the two residences.
Property Size2,469 SF
Price / SF$506.28
Days on Market8
Property Features for 48-50 Melrose Street
General Information
Standard status
Active
Size
2,469 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1940
Buildings
1
Listing Agency:
REMAX Andrew Realty Services
Listed By:
Guy Contaldi
(617) 201-0247
Source:
Hammondre
Added: Oct 4
Changed: Oct 10
Last Checked: Oct 11 at 9:45AM
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 REMAX Andrew Realty Services
Investment Insights
Based on property information with market context.
This 1940 duplex contains 2,469 square feet across two residences. The first-floor unit has living and dining rooms, bedrooms, an eat-in kitchen with pantry, and laundry in the basement. The other residence spans two levels, with two bedrooms, an office, living and dining rooms, an eat-in kitchen, a separate laundry room, and a private back deck. Its third floor has a bedroom and additional open space. Hardwood flooring and built-in dining room hutches feature in both units.
Property improvements include a newer roof, a newer furnace serving the second unit, basement space, and an oversized double driveway. The property is near Mass Ave, the Minuteman Bikeway, Alewife T Station, Route 2, and public bus transportation.
Property improvements include a newer roof, a newer furnace serving the second unit, basement space, and an oversized double driveway. The property is near Mass Ave, the Minuteman Bikeway, Alewife T Station, Route 2, and public bus transportation.
Key Highlights
- Two‑unit duplex with 2,469 square feet
- Built in 1940
- Second residence includes two bedrooms, an office, and a third‑floor bedroom with additional open space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,245
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,900
$1.0M
Cap Rate 7%
$746,357
$746.4K
Cap Rate 9%
$580,500
$580.5K
Market Conditions
NOI Build-Up for 2,469 SF
Gross rent
$78.5K $31.80/SF
− Vacancy
−$3.9K −$1.57/SF
EGI
$74.6K $30.23/SF
− OpEx
−$22.4K −$9.07/SF
NOI
$52.2K $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%
$1,044,900
Cap Rate 7%
$746,357
Cap Rate 9%
$580,500
Alternative Uses
Best Use
Multifamily LT 5
$746.4K
$653.1K – $870.8K
NOI $52,245 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$701.8K
$614.1K – $818.8K
NOI $49,125 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,315 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,159
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Hardwood floors, separate laundry areas, and a private outdoor deck add practical features across the two residences.
Where is this duplex located?
The property is located at 48-50 Melrose Street Arlington, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,469 square feet; Built in 1940; Second residence includes two bedrooms, an office, and a third‑floor bedroom with additional open space
