376-378 Massachusetts Avenue Arlington MA 02474 MLS #73314491

376-378 Massachusetts Avenue
Arlington, MA, 02474
$2,495,000
5 Beds
4.5 Baths
7,586 SqFt
0.15 Acres
$2,495,000
376-378 Massachusetts Avenue
Arlington, MA, 02474
Discover the perfect investment opportunity with this exceptional Victorian-style mixed-use building in the heart of Arlington Center. Meticulously maintained, this property is ideal for an end user, investor, or developer, offering a blend of timeless charm and modern updates. It features three spacious and recently renovated residential units with open floor plans, updated kitchens, and modern bathrooms, making them ideal for rental income or condo conversion. Additionally, a private 2-room office suite with a separate entrance and private bath is perfect for professionals or small business use. The grand first-floor entryway welcomes you into a beautifully updated 2-bedroom apartment with over five rooms, while the lower level offers untapped potential for expansion or additional functionality. At the rear of the property, a parking area and oversized barn provide ample storage and exciting renovation opportunities. Seller may offer some form of concessions or compensation.

Property Details

Price:
$2,495,000
MLS #:
73314491
Status:
Active
Beds:
5
Baths:
4.5
Address:
376-378 Massachusetts Avenue
Type:
Multi Family
Subtype:
3 Family
City:
Arlington
Listed Date:
Nov 22, 2024
State:
MA
Finished Sq Ft:
7,586
Total Sq Ft:
7,586
ZIP:
02474
Lot Size:
6,737 sqft / 0.15 acres (approx)
Year Built:
1900
Units:
3

Schools

Elementary School:
Hardy
Middle School:
Ottoson/Gibbs
High School:
Ahs

Interior

Appliances
Range, Dishwasher, Refrigerator, Washer/ Dryer, Microwave, Washer, Dryer
Bathrooms
3 Full Bathrooms, 3 Half Bathrooms
Cooling
Ductless, None
Fireplaces Total
1
Flooring
Wood, Tile, Vinyl, Carpet, Hardwood
Heating
Electric, Ductless, Oil
Laundry Features
Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Laundromat, Bike Path, Private School, Public School, Sidewalks
Construction Materials
Frame
Exterior Features
Rain Gutters, Professional Landscaping
Parking Features
Paved Drive, Off Street
Parking Spots
3
Roof
Shingle

Financial

Net Operating Income
$118,200
Tax Year
2024
Taxes
$21,437
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of Century 21 North East. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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376-378 Massachusetts Avenue
Arlington, MA