35-37 Amherst St Arlington — Photo 1 of 42
$1,195,000
Investment Analysis — 35-37 Amherst St
Arlington, MA 02474 — East Arlington
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02474 carries an estimated $6,330/mo in gross rent — about a 3.84% cap rate and $45,942/yr in estimated NOI at the $1,195,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,339
Style
2 Family - 2 Units Up/Down
Built
1924
Opportunity for builders, contractors, investors & buyers ready to take on a renovation project. 35-37 Amherst St is a classic Arlington two-family offering two distinct units, along w/ a fenced backyard & patio area. The 1st-floor unit offers 1 bed, 1 bath, living/dining space, kitchen & in-unit laundry. The larger 2nd-floor unit features 3 beds, 1 bath, an eat-in kitchen, in-unit laundry & enclosed porch overlooking the backyard. Hardwood floors, original woodwork & built-ins reflect the home's character, while the property presents an opportunity for a buyer to renovate, reimagine & add value. Set in a well-connected Arlington neighborhood, the home is just over 1/2 mile to Spy Pond Park, less than a mile to Arlington Center & the Medford Commuter Rail, offering easy access to local shops, dining, recreation & transportation while blending neighborhood charm with everyday convenience. Close to 93 and Rt 2. Property requires renovation & is being sold as-is. Buyers should anticipate updates and repairs throughout. Bring your vision & explore the possibilities at 35-37 Amherst St.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Proactive Re Team
Listing Office: Keller Williams Realty Boston Northwest
MLS® Number: 73574735
