2-Unit Duplex with Separate
For Sale
$1,250,000
Pending
90-92 Thorndike St, Arlington, MA 02474
Two-family property with distinct utilities, hardwood floors, porches, and side-by-side off-street parking.
Property Size2,404 SF
Days on Market52
Property Features for 90-92 Thorndike St
General Information
Standard status
Pending
Size
2,404 SF
Total Parking Spaces
6
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,408
Building Details
Building Size
2,404 SF
Year Built
1916
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Danny Zheng · License #9563699
(781) 843-3200
Source:
Jonathanradford
Added: Aug 25
Changed: Oct 14
Last Checked: Oct 15 at 8:22AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 2,404-square-foot duplex, built in 1916, contains two independently accessed residences with hardwood flooring and separate utilities. The first-floor unit includes two bedrooms, a full bath, living and dining rooms, a kitchen, and a rear porch. Upstairs, the second residence offers two bedrooms, a full bath, an office or den, an open living, dining, and kitchen area, plus front and rear porches. Heating is provided by gas on the first floor and oil on the second.
The property is at 90-92 Thorndike Street in Arlington, Massachusetts, with off-street parking for up to 6 cars arranged side by side. Alewife Station, Thorndike Field, the Minuteman Bikeway, Capitol Square, local shops, restaurants, and the Fox Library are nearby. Public transportation and major commuter routes are also accessible from the property.
The property is at 90-92 Thorndike Street in Arlington, Massachusetts, with off-street parking for up to 6 cars arranged side by side. Alewife Station, Thorndike Field, the Minuteman Bikeway, Capitol Square, local shops, restaurants, and the Fox Library are nearby. Public transportation and major commuter routes are also accessible from the property.
Key Highlights
- 2,404 square feet on a 0.11‑acre lot
- Two 2‑bedroom, 1‑bath residences with separate entrances
- Off‑street parking for up to 6 cars, arranged side by side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,869
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,380
$1.0M
Cap Rate 7%
$726,700
$726.7K
Cap Rate 9%
$565,211
$565.2K
Market Conditions
NOI Build-Up for 2,404 SF
Gross rent
$76.4K $31.80/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$72.7K $30.23/SF
− OpEx
−$21.8K −$9.07/SF
NOI
$50.9K $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%
$1,017,380
Cap Rate 7%
$726,700
Cap Rate 9%
$565,211
Alternative Uses
Best Use
Multifamily LT 5
$726.7K
$635.9K – $847.8K
NOI $50,869 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$683.3K
$597.9K – $797.2K
NOI $47,831 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,621 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,296
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with distinct utilities, hardwood floors, porches, and side-by-side off-street parking.
Where is this duplex located?
The property is located at 90-92 Thorndike St 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: 2,404 square feet on a 0.11‑acre lot; Two 2‑bedroom, 1‑bath residences with separate entrances; Off‑street parking for up to 6 cars, arranged side by side
