Two-Unit Residential Income
For Sale
$1,350,000
Pending
98 Harlow St, Arlington, MA 02474
Duplex-style property includes two separate units, each with multiple bedrooms and living spaces, delivered vacant.
Property Size3,172 SF
Days on Market198
Property Features for 98 Harlow St
General Information
Standard status
Pending
Size
3,172 SF
Total Parking Spaces
10
Property subtype
Multi-Family
Zoning
R2
Additional Details
Multifamily Units
2
Amenities
slate roof
newer heating
large backyard
Wood, Tile, Vinyl
2
Stone/Granite/Solid Counters
Yes
Slate
2.0
Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Public School, T-Station
10
Building Details
Building Size
3,172 SF
Year Built
1916
Stories
3
Tenancy
Multi
Listing Agency:
Bradley Realty LLC
Listed By:
Jay Bradley · License #9571469
(617) 799-6142
Source:
Reishomesearch
Added: Apr 8
Changed: Sep 8
Last Checked: Jul 23 at 4:25AM
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 Bradley Realty LLC
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Investment Insights
Based on property information with market context.
This duplex-style residential income property includes two separate units. The first-floor unit features three bedrooms and two full baths, with large kitchen, dining, and living areas. The second-floor unit offers three bedrooms and one full bath, along with generous kitchen, dining, and living spaces. The property also includes a slate roof, newer heating, and a detached two-car garage.
The home is located on a quiet street in East Arlington, with access to Mass Ave, the Minuteman Bike Path, Alewife T-Station, Spy Pond, and Arlington Center.
The property is delivered vacant and includes additional potential with a full walk-up third-floor attic.
The home is located on a quiet street in East Arlington, with access to Mass Ave, the Minuteman Bike Path, Alewife T-Station, Spy Pond, and Arlington Center.
The property is delivered vacant and includes additional potential with a full walk-up third-floor attic.
Key Highlights
- Duplex‑style property with two separate units, each with multiple bedrooms and living space, delivered vacant
- 1st floor unit: 3 bedrooms and 2 full baths with large kitchen, dining, and living areas
- 2nd floor unit: 3 bedrooms and 1 full bath with generous kitchen, dining, and living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,121
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,342,420
$1.3M
Cap Rate 7%
$958,871
$958.9K
Cap Rate 9%
$745,789
$745.8K
Market Conditions
NOI Build-Up for 3,172 SF
Gross rent
$100.9K $31.80/SF
− Vacancy
−$5.0K −$1.57/SF
EGI
$95.9K $30.23/SF
− OpEx
−$28.8K −$9.07/SF
NOI
$67.1K $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%
$1,342,420
Cap Rate 7%
$958,871
Cap Rate 9%
$745,789
Alternative Uses
Best Use
Multifamily LT 5
$958.9K
$839.0K – $1.12M
NOI $67,121 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$901.6K
$788.9K – $1.05M
NOI $63,112 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,447 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,289
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex-style property includes two separate units, each with multiple bedrooms and living spaces, delivered vacant.
Where is this duplex located?
The property is located at 98 Harlow St Arlington, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Duplex‑style property with two separate units, each with multiple bedrooms and living space, delivered vacant; 1st floor unit: 3 bedrooms and 2 full baths with large kitchen, dining, and living areas; 2nd floor unit: 3 bedrooms and 1 full bath with generous kitchen, dining, and living areas
