31-33 Acton St, Arlington, MA 02476
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$1,500,000
5 Unit
5 Beds
5 Baths
3859 SQFT
0.29 Acre

Property Description

Located in the heart of Arlington Heights, this charming five-family home offers a rare investment opportunity. Consisting of five one-bedroom units and a history of long-standing tenants, this property boasts strong and stable rental income. Grandfathered as a legal five-family home, it provides unique investment security. Meticulously maintained and owned by the same dedicated owner for over 60 years, this residence has stood the test of time. Its prime location, coupled with the reliability of long-term tenants, makes this property an exceptional addition to any investor’s portfolio. Recent upgrades include newer heating systems, hot water tanks, and updated electrical systems, with rents covering both heat and hot water. All tenants are eager to stay, ensuring continued stability and income potential for the future owner. Seller welcomes offers with requests for buyer concessions.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 5
  • Total Full Baths: 5
  • Amenities: Bike Path, Laundromat, Park, Public School, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Bulkhead, Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower
  • Common Appliances: Range, Refrigerator, Washer Hookup
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 102900
  • Gross Expenses: 29868
  • GSE: 1086
  • Electric Expenses: 4181
  • Water/Sewer: 2912
  • Net Operating Income: 102900

Utilities

  • Electric Info: 200 Amps, Circuit Breakers, Underground
  • Utility Connections: for Electric Oven, for Electric Range, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Electric, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Electric, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 3 Description

  • Included in Rent: Electric, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Included in Rent: Electric, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1907
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate, Vinyl, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73348305
  • Last Updated: 03/26/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/24/2025Active$1,500,000$389MLSPIN
03/20/2025New$1,500,000$389MLSPIN
11/01/2024Canceled$1,500,000$389MLSPIN
08/30/2024Under Agreement$1,500,000$389MLSPIN
08/16/2024Contingent$1,500,000$389MLSPIN
08/09/2024Active$1,500,000$389MLSPIN
08/05/2024New$1,500,000$389MLSPIN

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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 2025-03-26 12:13:00

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