
16-18 Alfred Rd Arlington — Photo 1 of 42
$1,199,000
Investment Analysis — 16-18 Alfred Rd
Arlington, MA 02474 — East Arlington
Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 2-unit multi-family in 02474 carries an estimated $7,300/mo in gross rent — about a 4.58% cap rate and $54,872/yr in estimated NOI at the $1,199,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3
SqFt
3,582
Style
2 Family - 2 Units Up/Down
Built
1923
Ideally located in sought-after East Arlington, just moments from Spy Pond and close to Mass Ave, the Minuteman Bikeway, and Alewife Station, this thoughtfully improved two-family home offers an exceptional combination of location, quality, and flexibility. The upper unit spans two levels and has been extensively remodeled with exceptional attention to detail, featuring a renovated kitchen and bathroom, premium flooring, in-unit laundry, new appliances, fresh paint, and a finished 3rd floor level with bedroom and office space. The first-floor unit has also been updated, including a renovated kitchen and bathroom, exposed brick accents, and in-unit laundry, creating a comfortable and attractive living space for an owner or tenant. Significant improvements have been made throughout the property, including extensive insulation and soundproofing, building-wide baseboard heating, and a fully owned solar panel system designed to offset a substantial portion of the property's electrical costs. A new roof system with architectural shingles and new gutters adds to the property's long-term appeal, while thoughtfully selected native plantings create a beautifully landscaped, inviting, and low-maintenance outdoor setting. Please see sellers complete list of home improvements. A wonderful opportunity to own an extensively improved two-family home in one of East Arlington's most sought after locations.
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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Bike Path • Conservation Area
Geography
Property History
$1,199,000
Oct 1, 2026
MLS® 73585682
$1,695,000
Sep 18, 2026
MLS® 73554528
$1,695,000
Jul 27, 2026
MLS® 73554528
$4,200
Jan 22, 2026
MLS® 73449129
$4,200
Oct 29, 2025
MLS® 73449129
$4,200
May 11, 2025
MLS® 73367561
$4,200
Apr 30, 2025
MLS® 73367561
Listing Agent: Steve Mckenna & The Home Advantage Team
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73585682








