376-378 Massachusetts Avenue, Arlington, MA 02474
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$2,495,000
3 Unit
5 Beds
6 Baths
7586 SQFT
0.15 Acre

Property Description

Discover the perfect investment opportunity with this exceptional Victorian-style mixed-use building in the heart of Arlington Center. Meticulously maintained, this property is ideal for an end user, investor, or developer, offering a blend of timeless charm and modern updates. It features three spacious and recently renovated residential units with open floor plans, updated kitchens, and modern bathrooms, making them ideal for rental income or condo conversion. Additionally, a private 2-room office suite with a separate entrance and private bath is perfect for professionals or small business use. The grand first-floor entryway welcomes you into a beautifully updated 2-bedroom apartment with over five rooms, while the lower level offers untapped potential for expansion or additional functionality. At the rear of the property, a parking area and oversized barn provide ample storage and exciting renovation opportunities. Seller may offer some form of concessions or compensation.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Total Half Baths: 3
  • Amenities: Bike Path, Laundromat, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, Walk/Jog Trails
  • Basement Features: Full, Partially Finished, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Washer / Dryer Combo, Washer Hookup
  • Common Heating: Ductless Mini-Split System, Electric, Electric Baseboard, Forced Air, Forced Air, Oil, Oil, Radiant, Space Heater
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 118200
  • Net Operating Income: 118200

Utilities

  • Heat Zones: 3
  • Cooling Zones: 3
  • Electric Info: 200 Amps, Circuit Breakers, Underground
  • Energy Features: Insulated Doors, Insulated Windows, Storm Doors, Storm Windows
  • Utility Connections: for Electric Oven, for Electric Range, for Gas Range, Varies per Unit, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3

Unit 4 Description

  • Under Lease: Yes

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73314491
  • Last Updated: 12/02/24
  • Terms: Other (See Remarks), Special

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/26/2024Active$2,495,000$329MLSPIN
11/22/2024New$2,495,000$329MLSPIN
08/16/2022Sold$2,300,000$303MLSPIN
06/02/2022Canceled$2,495,000$353MLSPIN
06/02/2022Under Agreement$2,495,000$329MLSPIN
05/05/2022Active$2,495,000$329MLSPIN
05/05/2022Active$2,495,000$353MLSPIN

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Seller's Representative: Steve McKenna & The Home Advantage Team, Gibson Sotheby's International Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-02 14:35:00