Two-Family Duplex with
New
For Sale
$1,250,000
48-50 Melrose Street, Arlington, MA 02474
Residential Income, Arlington, MA
Property Size2,469 SF
Lot Size0.11 Acres
Price / SF$506.28
Days on Market1
Property Features for 48-50 Melrose Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
Parking
4
Directions
GPS
Standard status
Active
APN
M:0003.0 B:0003 L:0021.0,318302
Size
2,469 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11780
Building Details
Year built
1940
Floors in Building
3
Number of units
2
Listing Agency:
REMAX Andrew Realty Services · RE/MAX International
(781) 395-7676
Listed By:
John Veneziano
(617) 840-5499
Added: Oct 5
Last Checked: Oct 5 at 3:06PM
MLS# 73586689
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.
Investment Insights
Based on property information with market context.
Built in 1940, this 2,469-square-foot duplex contains two distinct living spaces. The first-floor residence has hardwood floors in its living room, dining room, and bedrooms, plus a built-in dining hutch, eat-in kitchen, pantry, and laundry in the basement. The other unit spans two levels, with two bedrooms, an office, an enclosed front porch, living and dining rooms, an eat-in kitchen, and a separate laundry room with pantry storage. Its upper level includes a bedroom and additional open space; a private rear deck extends the unit outdoors. A newer roof and a newer furnace serving the second unit are among the property’s improvements. The lot covers 0.1136 acres, and zoning is R2.
The property is close to Mass Ave, the Minuteman Bikeway, Alewife T Station, Route 2, and public bus service.
The property is close to Mass Ave, the Minuteman Bikeway, Alewife T Station, Route 2, and public bus service.
Key Highlights
- Two‑family property with 2,469 square feet of interior space
- 0.1136‑acre lot with R2 zoning
- Second unit offers two levels, including a third‑floor bedroom and open area
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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Open Analytics
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R2-zoned residence combines two separate living spaces with an oversized double driveway and substantial basement area.
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‑family property with 2,469 square feet of interior space; 0.1136‑acre lot with R2 zoning; Second unit offers two levels, including a third‑floor bedroom and open area
