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    Property profile & analytics

    1021 Massachusetts Ave Arlington, MA 02476-4503

    • Investment properties
    • 2,777 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    $2,265,000
    Last Sale
    Aug 02, 2023
    $2,195,000
    Location Intelligence
    Property ID
    US38-0623116
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. John H. Chaglassian, MD / Orthopedic Surgeon

    Property Details for 1021 Massachusetts Ave

    Year built
    1875
    Construction
    FRAME
    Lot size
    0.50 lot acres
    Property size
    2,777 SF
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    ARLI M:055.0 B:0002 L:0019
    APU
    ARLIM0550B0002L0019

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,265,000
      6.5%
      $2,110,000
      7%
      $2,055,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,995,000
      Geo Method
      $2,385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,480,000
      Retail
      $1,955,000
      Mixed-Use
      $2,290,000
      Hospitality
      $2,220,000
      Educational
      $2,335,000
      Residential Income
      $2,060,000
      Energy
      $2,600,000
      Income-Based Land
      $2,165,000
      Food Service
      $2,195,000

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1688
    Latitude
    42.4204
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,347
    $1,351,800
    $475,100
    $1,826,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,105 SF

      66 Dudley St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,105 SF
      66 Dudley St, Arlington, MA 02476-4530
      View Details
    • Value Estimation by Request
      4,960 SF

      590 Massachusetts Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,960 SF
      590 Massachusetts Ave, Arlington, MA 02476
      View Details
    • Value Estimation by Request
      4,808 SF

      742 Massachusetts Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,808 SF
      742 Massachusetts Ave, Arlington, MA 02476-4712
      View Details
    • Value Estimation by Request
      6,806 SF

      1331 Massachusetts Ave, Unit 1337

      OFFICE/RESIDENTIAL (MIXED USE) • 6,806 SF
      1331 Massachusetts Ave, Arlington, MA 02476-4101
      View Details
    • Value Estimation by Request
      2,880 SF

      1349 Massachusetts Ave, Unit 1357

      OFFICE/RESIDENTIAL (MIXED USE) • 2,880 SF
      1349 Massachusetts Ave, Arlington, MA 02476-4101
      View Details
    • Value Estimation by Request
      3,644 SF

      46 Newman Way

      OFFICE/RESIDENTIAL (MIXED USE) • 3,644 SF
      46 Newman Way, Arlington, MA 02476-6420
      View Details

    Similar Nearby for Sale

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      Arlington Mixed-Use Investment Opportunity

      Mixed-use property with retail, office, and residential units for sale.
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      Arlington Multifamily Investment Opportunity

      Four-unit multifamily property near Mass Ave and Arlington Reservoir Beach.
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      Versatile Commercial Property in Arlington

      Rare Arlington commercial property with multiple buildings and diverse potential uses.
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      Versatile Commercial Property in Arlington

      Rare opportunity: mixed-use property with industrial zoning and multiple structures.
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    Similar Nearby for Lease

    • Contact for pricing
      1,025 SF

      Arlington Retail Space Available

      Retail spaces available in iconic Arlington corner location.
      626 Massachusetts Ave, Arlington, MA 02476
      View Details
    • $48 SF/Yr
      1,200 SF

      Renovated Commercial Space on Massachusetts Ave

      Prime Arlington location, renovated space, ideal for various ventures.
      673-683 Massachusetts Ave, Arlington, MA 02476
      View Details
    • $40 SF/Yr
      4,000 SF

      Arlington Center Office Space

      4000 sq ft office space in Arlington Center.
      645-651 Massachusetts Ave, Arlington, MA 02476
      View Details
    • $38 SF/Yr
      2,015 SF

      Arlington Center Retail-Office Space

      Retail-office space in a high-traffic Arlington Center location.
      713-725 Massachusetts Ave, Arlington, MA 02476
      View Details
    • $3,500 /Mo

      First Floor Office Suite

      Charming first floor office suite suitable for professional businesses.
      1171 Massachusetts Ave, Arlington, MA 02476
      View Details
    • $2,100 /Mo
      902 SF

      Arlington Office Space For Rent

      Office space available for lease in Arlington, Massachusetts.
      1189 Mass Ave, Arlington, MA 02476
      View Details
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    1021 Massachusetts Ave
    Arlington, MA 02476-4503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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