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422 Mystic Street Arlington — Photo 1 of 42

$1,250,000

Investment Analysis — 422 Mystic Street

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 1.72% cap rate and $21,540/yr in estimated NOI at the $1,250,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,226

Style

Single Family

Built

1956

Welcome to 422 Mystic Street. This spacious ranch offers scenic views of Mystic Lake, directly across the street. This 3-bedroom, 3-bathroom home features an open-concept living and dining area upstairs, with a working fireplace and a pass-through window between the kitchen and dining space. The kitchen has a cozy peninsula, a window overlooking the back patio, and stainless steel appliances, including a double oven. Downstairs, the finished basement includes a fireplace, laundry appliances, an entrance/exit to the three-season porch, and a full bathroom. There is also space to add a kitchen if you want an in-law suite. A large three-season patio runs almost the full length of the home. It features screens and rotating windows, making it perfect for relaxing or entertaining during the warmer months. The exterior features a large semi-circular driveway, an attached two-car garage, and a small fenced-in area. The property is in Arlington, close to the Arlington-Winchester town border, near the Winchester Country Club and golf course, and along the MBTA bus route to Alewife. Arlington is known for top-rated public schools, and this home is zoned for Bishop or Stratton Elementary School, as it is in a buffer zone. Make this home in Arlington yours!

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 2,226 sq ft principal dwelling). Lot size: 16,880 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.