2-Unit Duplex with Off-Street
99-A Massachusetts Ave, Arlington, MA 02474
For Sale
New
$1,099,000
Vacant property offers separate unit layouts, including a single-level residence and a two-floor townhouse-style unit.
Property Size2,382 SF
Lot Size0.10 Acres
Price / SF$461.38
Days on Market2
Property Features for 99-A Massachusetts Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Property Condition
Severity
Evidence
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fireplaces
in-unit laundry
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Olde Towne Real Estate Co.
Listed By:
John O'Toole · License MA #9076146
(617) 201-7866
Source:
Classifiedrealtygroup
Added: Nov 14
Last Checked: Nov 14 at 2:28PM
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 Olde Towne Real Estate Co.
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Investment Insights
Based on property information with market context.
This 1900-built, two-unit property contains 2,382 square feet of living area on a 4,256-square-foot lot. The current configuration provides two six-room units with four bedrooms, two full bathrooms, and two half bathrooms combined. One residence is arranged on a single level, while the other spans two upper floors and has unfinished attic space. Other features include two fireplaces, vinyl siding, an asphalt shingle roof, and three off-street parking spaces. The property is vacant and zoned R3, within the MBTA Overlay District.
MBTA bus service is available outside the property, and Alewife Red Line station is 0.7 miles away. The Minuteman Bikeway, Spy Pond, cafes, shops, and restaurants are also identified in the surrounding area. Walk Score is 90 and Bike Score is 96.
MBTA bus service is available outside the property, and Alewife Red Line station is 0.7 miles away. The Minuteman Bikeway, Spy Pond, cafes, shops, and restaurants are also identified in the surrounding area. Walk Score is 90 and Bike Score is 96.
Key Highlights
- Two units with 2,382 square feet of living area
- 4,256‑square‑foot lot with 3 off‑street parking spaces
- Two six‑room units; 4 bedrooms, 2 full and 2 half bathrooms total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,404
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,080
$1.0M
Cap Rate 7%
$720,057
$720.1K
Cap Rate 9%
$560,044
$560.0K
Market Conditions
NOI Build-Up for 2,382 SF
Gross rent
$75.7K $31.80/SF
− Vacancy
−$3.7K −$1.57/SF
EGI
$72.0K $30.23/SF
− OpEx
−$21.6K −$9.07/SF
NOI
$50.4K $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%
$1,008,080
Cap Rate 7%
$720,057
Cap Rate 9%
$560,044
Alternative Uses
Best Use
Multifamily LT 5
$720.1K
$630.1K – $840.1K
NOI $50,404 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$677.1K
$592.4K – $789.9K
NOI $47,394 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,709 @ 7.0% cap · market cap 8.98%
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
1,448
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
$887,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Middlesex County, MA
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant property offers separate unit layouts, including a single-level residence and a two-floor townhouse-style unit.
Where is this duplex located?
The property is located at 99-A Massachusetts Ave Arlington, MA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two units with 2,382 square feet of living area; 4,256‑square‑foot lot with 3 off‑street parking spaces; Two six‑room units; 4 bedrooms, 2 full and 2 half bathrooms total
