Philadelphia-Style
For Sale
$1,295,000
63 Cleveland Street, Arlington, MA 02474
Two separate residences offer distinct living areas, laundry, porches, and accessibility adaptations in one unit.
Property Size2,501 SF
Price / SF$517.79
Days on Market9
Property Features for 63 Cleveland Street
General Information
Standard status
Active
Size
2,501 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Multifamily Units
2
Amenities
in-unit laundry
front porch
rear porch
lift
Building Details
Year Built
1915
Construction
Philadelphia-style
Listing Agency:
Gibson Sotheby's International Realty
Listed By:
Steve McKenna · License #449501588
(781) 645-0505
Source:
Yourhomeforsale
Added: Oct 22
Changed: Oct 28
Last Checked: Oct 28 at 9:03AM
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 1915, this two-family home has a Philadelphia-style configuration spread across multiple levels. One residence includes a foyer, living room, dining room, full bath, laundry, and bedroom on the main floor, with additional bedroom space upstairs. Accessibility features in this unit include a lift connecting the rear yard to the porch, widened doorways, and an adapted bathroom.
The other residence has a front bedroom with porch access, living and dining rooms, a kitchen, a half bath with laundry, and a rear porch. The third floor contains three bedrooms and a full bath. The property is at 63 Cleveland St in Arlington, with access to Capitol Square, Mass Ave, Alewife, Cambridge, and nearby bike routes.
The other residence has a front bedroom with porch access, living and dining rooms, a kitchen, a half bath with laundry, and a rear porch. The third floor contains three bedrooms and a full bath. The property is at 63 Cleveland St in Arlington, with access to Capitol Square, Mass Ave, Alewife, Cambridge, and nearby bike routes.
Key Highlights
- Two‑family property built in 1915
- First residence has a rear‑yard‑to‑porch lift, widened doorways, and an adapted bathroom
- Second residence includes a front bedroom with direct porch access and a rear porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,922
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,440
$1.1M
Cap Rate 7%
$756,029
$756.0K
Cap Rate 9%
$588,022
$588.0K
Market Conditions
NOI Build-Up for 2,501 SF
Gross rent
$79.5K $31.80/SF
− Vacancy
−$3.9K −$1.57/SF
EGI
$75.6K $30.23/SF
− OpEx
−$22.7K −$9.07/SF
NOI
$52.9K $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%
$1,058,440
Cap Rate 7%
$756,029
Cap Rate 9%
$588,022
Alternative Uses
Best Use
Multifamily LT 5
$756.0K
$661.5K – $882.0K
NOI $52,922 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$710.9K
$622.0K – $829.4K
NOI $49,761 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,641 @ 7.0% cap · market cap 8.00%
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
1,244
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 separate residences offer distinct living areas, laundry, porches, and accessibility adaptations in one unit.
Where is this duplex located?
The property is located at 63 Cleveland Street Arlington, MA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Two‑family property built in 1915; First residence has a rear‑yard‑to‑porch lift, widened doorways, and an adapted bathroom; Second residence includes a front bedroom with direct porch access and a rear porch
