Two-Bedroom Residential Income
For Sale
$699,900
67 Broadway, Arlington, MA 02474
First-floor condominium with updated interiors, two porches, and a shared backyard.
Property Size1,100 SF
Price / SF$636.27
Days on Market19
Property Features for 67 Broadway
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
central air
recessed lighting
french doors
built-ins
granite countertops
white cabinetry
stainless steel appliances
gas cooking
dishwasher
front porch
rear porch
shared backyard
Range
Dishwasher
Refrigerator
Washer
Dryer
Central Air
Tile
Hardwood
Steam, Natural Gas
1.0 Story
$5,190 Taxes
Public
Built in 1909
Building Details
Year Built
1909
Listing Agency:
Amo Realty - Boston City Properties
(617) 247-1933
Listed By:
John Hollis
Source:
Donahuere
Added: Aug 12
Changed: Aug 30
Last Checked: Aug 30 at 12:52AM
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 Amo Realty - Boston City Properties
Investment Insights
Based on property information with market context.
This first-floor condominium provides two bedrooms and one bath within approximately 1100 sq ft of living space. Interior improvements include refinished hardwood flooring, fresh paint, central air, recessed lighting, and extensive windows. The floor plan features a living room with French doors, a formal dining room with built-in storage, and an eat-in kitchen equipped with granite counters, white cabinetry, stainless steel appliances, gas cooking, and a dishwasher.
Both bedrooms offer generous proportions and closet storage, while additional storage is available throughout the unit. Front and rear porches extend the usable space outdoors, with the rear porch facing a shared backyard. The property was built in 1909 and is located at 67 Broadway in Arlington, Massachusetts.
Both bedrooms offer generous proportions and closet storage, while additional storage is available throughout the unit. Front and rear porches extend the usable space outdoors, with the rear porch facing a shared backyard. The property was built in 1909 and is located at 67 Broadway in Arlington, Massachusetts.
Key Highlights
- Approximately 1100 sq ft of first‑floor condominium living space
- Two bedrooms and one bath
- Eat‑in kitchen with granite counters, stainless steel appliances, gas cooking, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,886
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$437,720
$437.7K
Cap Rate 7%
$312,657
$312.7K
Cap Rate 9%
$243,178
$243.2K
Market Conditions
NOI Build-Up for 1,100 SF
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.
Gross rent
$42.0K $38.16/SF
− Vacancy
−$2.2K −$1.98/SF
EGI
$39.8K $36.18/SF
− OpEx
−$17.9K −$16.28/SF
NOI
$21.9K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$437,720
Cap Rate 7%
$312,657
Cap Rate 9%
$243,178
Alternative Uses
Best Use
Apartment 5plus
$312.7K
$273.6K – $364.8K
NOI $21,886 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.2K
$569.8K – $759.7K
NOI $45,584 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,244
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor condominium with updated interiors, two porches, and a shared backyard.
Where is this residential income property located?
The property is located at 67 Broadway Arlington, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Approximately 1100 sq ft of first‑floor condominium living space; Two bedrooms and one bath; Eat‑in kitchen with granite counters, stainless steel appliances, gas cooking, and dishwasher
