109 Oxford St Arlington, MA 02474

Property Details for 109 Oxford St

Year built

1964

Lot size

0.29 lot acres

Property size

10,860 SF

Property type

Commercial real estate

Description

This three-story brick apartment building at 109 Oxford St, Arlington, MA, presents a compelling value-add opportunity. Boasting 12 units (11 two-bedroom/one-bathroom, 1 studio), totaling 10,437 net rentable square feet within 10,860 gross square feet, this property sits on a 0.294-acre lot and includes 14 parking spaces. Built in 1964, the building has undergone some renovations, including roof and window replacements, new electrical panels in several units, and updated appliances, flooring, and paint in select apartments. The property features an on-site laundry facility. Current in-place rents are below market, offering significant potential for rental income growth through further unit upgrades and potential conversion of the studio unit. The exceptional location in Arlington's east end provides convenient access to major roadways (US Route 3, I-93), public transportation (multiple MBTA Red and Green Line stations within a 2-mile radius, bus routes nearby), and nearby amenities including Tufts University, Davis Square, and the vibrant commercial centers of Cambridge and Somerville. The strong rental market in Arlington, with high household incomes in the surrounding area, further enhances the investment potential. This fee-simple ownership opportunity is priced at $4,500,000, representing a $375,000 per-unit cost and a 5.09% cap rate with a current NOI of $228,835. The property's strong location and value-add potential make it an attractive investment prospect.

Location Insight

City

Arlington

County

Middlesex

State

Massachusetts

Longitude

-71.1395727

Latitude

42.4091901

Property Visit Statistics

• Visits by month
  16.2k
• Visitors by month
  6.5k
• Avg Time on site
  10 min