Financial
Distress signals
Property profile

347 Massachusetts Ave Arlington, MA 02474

FOR LEASE
Other investment properties
Property ID
US38-0740991
9,396 SF 0.21 ac lot Built 1900
Last sale Apr 2006 · $1,680,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 650-square-foot office unit located at 347 Massachusetts Ave, Unit #3, in Arlington’s Mass Ave corridor. The suite is configured with three large rooms, a kitchen area, and access to a shared professional waiting room. One room includes a separate sink area, and the unit also provides access to an employee bathroom, with a renovated public bathroom available in the common area. Building systems and features include forced hot water supplied by gas heat, air conditioning, and

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$23k
Tax billed · 2024
Assessed value$2.18M
Assessed land$934k
Assessed improvement$1.24M
Effective rate1.06%

Value estimate

· Sep 2026
$1.29M
$1.16M – $1.42M
NOI build-up
Gross scheduled income$35k
Vacancy & credit loss−$4k
Operating expenses−$13k
NOI · 1,006.29% cap applied$19k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$258/SF
County average, outlier-cleaned · 830 recorded sales of this use type
Observed band · Q1–Q3$130 – $413
Qualifying comparables6

Cap rate analysis

How does the asset earn?
1,006.29%
$19k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R6
The predominant land uses in the Medium Density Apartment District consist of a mix of apartments up to four stories high and offices at ...
General categoryRESIDENTIAL
JurisdictionARLINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Clothing Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Clothing Store13.4
Computer & Electronic Repair11.7
Garden Center11.6

Location

347 Massachusetts Ave Arlington, MA 02474
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
390 Massachusetts, Arlington, MA 02474-6799 $540,000 Jul 2024 4,749 SF
355 Massachusetts, Arlington, MA 02474-6719 $1,200,000 Oct 2023 3,485 SF
378 Massachusetts, Arlington, MA 02474-6714 $2,300,000 Aug 2022 6,164 SF
17 Chestnut, Arlington, MA 02474-1225 $1,195,000 Aug 2020 2,990 SF
117 Broadway, Arlington, MA 02474-5434 $995,000 Mar 2020 18,335 SF
62-64 Mystic, Arlington, MA 02474 $1,050,000 Feb 2019 4,526 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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