
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl Main,First23 x 10
Flooring - Hardwood, Window(s) - Picture, French Doors, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled
Dining Room
Lvl Main,First9 x 12
Flooring - Hardwood, Window(s) - Picture, Open Floorplan, Recessed Lighting, Remodeled
Kitchen
Lvl Main,First15 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 Basement15 x 10
Closet, Flooring - Vinyl, Lighting - Overhead
Family Room
Lvl Main,First15 x 28
Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, French Doors, Open Floorplan, Remodeled, Lighting - Overhead
Primary Bedroom
Lvl First13 x 12
Closet, Flooring - Hardwood
Bedroom 2
Lvl First9 x 13
Bedroom 3
Lvl First10 x 10
Closet, Flooring - Hardwood
Bathroom 1
Lvl Main,First5 x 8
Bathroom - Full, Flooring - Stone/Ceramic Tile, Lighting - Sconce
Bathroom 2
Lvl Basement8 x 6
Bathroom - Full, Flooring - Stone/Ceramic Tile, Remodeled
Listing Agent: Steve Mckenna & The Home Advantage Team
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73584638








