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16-18 Alfred Rd Arlington — Photo 1 of 42

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.

View Standard Listing

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

Original Price$1,199,000
Annual Taxes$11,704

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms11
FireplacesNone
FlooringTile, Hardwood
BasementFull, Partially Finished, Interior Entry

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningR2

Property & Lot

Acres0.12
SqFt Lot5,249
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Bike Path • Conservation Area

Geography

Property History

Listed
$1,199,000

Oct 1, 2026

MLS® 73585682

Terminated
$1,695,000

Sep 18, 2026

MLS® 73554528

Listed
$1,695,000

Jul 27, 2026

MLS® 73554528

Sold
$4,200

Jan 22, 2026

MLS® 73449129

Listed
$4,200

Oct 29, 2025

MLS® 73449129

Sold
$4,200

May 11, 2025

MLS® 73367561

Listed
$4,200

Apr 30, 2025

MLS® 73367561

Listing Provided By

Listing Agent: Steve Mckenna & The Home Advantage Team

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73585682