77-79 Arlington St, Framingham, MA 01702
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$15,000,000
54 Unit
81 Beds
54 Baths
30048 SQFT
1.12 Acre

Property Description

Arlington Commons consists of two, twin 27-unit brick buildings and contains (27) 2-Bed/1-Bath units, (21) 1-Bed/1-Bath units, and (6) Studio units. The Property has been subject to significant capital improvements, with (48) of the units recently renovated with updated kitchens, bathrooms and flooring throughout, common area renovations, exterior renovations including landscaping and painting, new rubber roofs, new parking lot, new sewer pumps, and new vinyl replacement windows. Tenants of the Property are responsible for their own heat (electric) while the landlord is responsible for common area electric, gas-fired hot water and domestic water and sewer. Arlington Commons offers the opportunity to acquire a renovated property with high historical occupancy and future upside in a desirable MetroWest location at a significant discount to replacement cost. The subject property is ideal for a potential buyer looking for an attractive, stabilized asset and income growth.

Property Details tap to expand

Building Information

  • Total Units: 54
  • Total Floors: 3
  • Total Bedrooms: 81
  • Total Full Baths: 54
  • Amenities: Bike Path, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, T-Station, Tennis Court, University, Walk/Jog Trails

Financial

  • APOD Available: Yes
  • Gross Operating Income: 1431774
  • Gross Expenses: 525424
  • Net Operating Income: 906350

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Construction

  • Year Built: 1970
  • Type: 5+ Family - 5+ Units Side by Side
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73430910
  • Last Updated: 09/15/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/15/2025New$15,000,000$499MLSPIN

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Seller's Representative: Kelleher - Pentore Team, Horvath & Tremblay
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 2025-09-15 15:14:00