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318 Mystic St Arlington — Photo 1 of 36

318 Mystic St Arlington — Photo 1 of 36

$1,049,000

Investment Analysis — 318 Mystic St

Arlington, MA 02474

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02474 carries an estimated $3,720/mo in gross rent — about a 2.25% cap rate and $23,558/yr in estimated NOI at the $1,049,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

2,297

Style

Single Family

Built

1967

Thoughtfully updated and offering exceptional flexibility, this spacious Arlington ranch combines the ease of one-level living with a finished lower level and a location close to many of the town’s most sought-after amenities. The main level features hardwood floors and a bright, open layout with three bedrooms and a full bath. At the heart of the home, the updated kitchen features quartz counters, stainless steel appliances and an island, opening to the living/dining room with a wood stove and seasonal views of Lower Mystic Lake. A large family room at the rear of the home adds another impressive gathering space, highlighted by cathedral ceilings, another wood stove and amazing natural light, making this the coziest room in the house. The updates continue throughout with freshly painted interior and exterior and a remodeled lower level that significantly expands the home’s versatility, complemented by a fully renovated bathroom featuring a tiled walk-in shower. Whether used as an office, home gym, playroom or guest space, the lower level provides valuable flexibility beyond the main living areas. Outside, enjoy a spacious backyard and large deck with plenty of room to relax, entertain or dine outdoors. An attached garage with direct interior access, central air and walk-up attic storage add to the home’s everyday functionality. Set in a convenient location just moments from Bishop Elementary School, this home also provides easy access to Mass Ave, Arlington Center, the Minuteman Bikeway, shops, restaurants, public transportation and everything that makes Arlington such a great place to call home. Move right in and enjoy a home that brings together space, updates, versatility and location.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,297 sq ft principal dwelling). Lot size: 7,858 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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$1,049,000
Annual Taxes$10,368

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms8
Fireplaces2
FlooringTile, Carpet, Hardwood, Flooring - Wall to Wall Carpet, Flooring - Vinyl, Flooring - Stone/Ceramic Tile
BasementFull, Finished, Interior Entry, Garage Access, Radon Remediation System

Climate & Utilities

HeatingForced Air, Baseboard, Hot Water, Natural Gas, Ductless
CoolingCentral Air, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.18
SqFt Lot7,858
Lot Features--

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer • Range Hood

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

First
Primary BedroomBedroom 2Bedroom 3
Basement
OfficeBathroom 2
Main,First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl Main,First

23 x 10

Flooring - Hardwood, Window(s) - Picture, French Doors, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled

Dining Room
Lvl Main,First

9 x 12

Flooring - Hardwood, Window(s) - Picture, Open Floorplan, Recessed Lighting, Remodeled

Kitchen
Lvl Main,First

15 x 12

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Lighting - Pendant

Office
Lvl Basement

15 x 10

Closet, Flooring - Vinyl, Lighting - Overhead

Family Room
Lvl Main,First

15 x 28

Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, French Doors, Open Floorplan, Remodeled, Lighting - Overhead

Primary Bedroom
Lvl First

13 x 12

Closet, Flooring - Hardwood

Bedroom 2
Lvl First

9 x 13

Bedroom 3
Lvl First

10 x 10

Closet, Flooring - Hardwood

Bathroom 1
Lvl Main,First

5 x 8

Bathroom - Full, Flooring - Stone/Ceramic Tile, Lighting - Sconce

Bathroom 2
Lvl Basement

8 x 6

Bathroom - Full, Flooring - Stone/Ceramic Tile, Remodeled

Listing Provided By

Listing Agent: Steve Mckenna & The Home Advantage Team

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73584638