Massachusetts Ave Arlington, MA 02474
- Commercial real estate
- 0.15 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Massachusetts Ave
- Year built
- 1900
- Lot size
- 0.15 lot acres
- Property type
- Commercial real estate
Description
This exceptional Victorian-style mixed-use building presents a unique investment opportunity in the desirable Arlington Center. The property boasts three recently renovated residential units, each featuring spacious open floor plans, updated kitchens, and modern bathrooms. These units are currently generating rental income and are well-suited for continued rental or potential condo conversion. Adding to the income potential is a separate, private 2-room office suite with its own entrance and bathroom, ideal for professional use or a small business. The main residential unit, located on the first floor, is a beautifully updated 2-bedroom apartment with over five rooms, showcasing the building's classic charm. The lower level offers significant untapped potential for expansion or the creation of additional living space or commercial area. Beyond the building itself, the property includes a convenient parking area and a large barn, providing ample storage and offering exciting possibilities for renovation or repurposing. The 0.15-acre lot is situated in a prime location within Arlington Center. The seller is open to offering potential concessions or compensation, making this an even more attractive proposition. This property is perfect for an end-user, investor, or developer seeking a blend of historic character and modern functionality in a thriving community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.1364
- Latitude
- 42.4011