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27-29 Lake Street, Arlington MA 02474

$1,175,000

Estimated $2,915/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $587,500

Total Rent: 61476/year

Estimated CAP Rate:

6 Bedrooms

Baths

2745

Total Parking: 6 (2 Garage)

2,910 (0.07)

Exceptional two-family opportunity in sought-after East Arlington! Whether you're an owner-occupant looking to offset your mortgage with rental income or an investor seeking a well-located income-producing property, this versatile property checks all the boxes. One unit will be delivered vacant at closing, offering immediate flexibility, while the second unit provides established rental income. Filled with period charm, the home features sun-drenched living spaces, hardwood floors, built-in cabinetry, spacious kitchens, and private outdoor areas. Conveniently located near Capitol Square's restaurants and cafés, the Minuteman Bikeway, public transportation, Alewife Station, and all that Arlington has to offer. Additional features include separate utilities, off-street parking, a two-car garage, and a desirable neighborhood location. A rare opportunity to invest, occupy, or both in one of Greater Boston's most vibrant communities.

This home has been viewed 16 times

Last Checked: October 25th, 2026 at 6:33am (Source: MLS PIN #73584218)

Gross Income: $61,476

Gross Expenses: $12,117

Net Income Calc: $49,359

Water Views

Annual Expenses for 27-29 Lake Street, Arlington MA 02474

Total Gross Expenses (Calculated)$12,117/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax12117

Annual Income & Unit Breakdown for 27-29 Lake Street, Arlington MA 02474

Total Gross Income (Calculated)$61,476

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms5

Bathrooms2 Full

Floor2

Levels in Unit2

Rent IncludesHeat

General Information for 27-29 Lake Street, Arlington MA 02474

Listing ID73584218

Property TypeMulti Family

Price1175000 ($428.05/SqFt)

StyleMulti Family

CityArlington

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total2745

Approximate Lot Size (Acres)0.07

Total Parking6 (2 Garage)

Garage Parking2

Year Built1920

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 27-29 Lake Street, Arlington MA 02474

Lead PaintNone

UFFINo

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

ExclusionsWall Mounted Vac In Garage. Hose Reels. Tv Wall Mounts. Japanese Maple Tree.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 27-29 Lake Street, Arlington MA 02474

Real Estate Taxes12117

Tax Year2026

Assessed Value$1,125,100

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 27-29 Lake Street, Arlington MA 02474

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 27-29 Lake Street, Arlington MA 02474

Agent

Name: Michael Lord

Office

Name: Capital Realty Group

Phone: 508-395-8333

Payment Calculator

, Interest

Property Taxes 1009.75

Principal & Interest 7239.98

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Capital Realty Group

Michael Lord

Agent Phone

Office Phone

(508) 395-8333

Text Agent Call Agent Call Office

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    [description] => Exceptional two-family opportunity in sought-after East Arlington! Whether you're an owner-occupant looking to offset your mortgage with rental income or an investor seeking a well-located income-producing property, this versatile property checks all the boxes. One unit will be delivered vacant at closing, offering immediate flexibility, while the second unit provides established rental income. Filled with period charm, the home features sun-drenched living spaces, hardwood floors, built-in cabinetry, spacious kitchens, and private outdoor areas. Conveniently located near Capitol Square's restaurants and cafés, the Minuteman Bikeway, public transportation, Alewife Station, and all that Arlington has to offer. Additional features include separate utilities, off-street parking, a two-car garage, and a desirable neighborhood location. A rare opportunity to invest, occupy, or both in one of Greater Boston's most vibrant communities.
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    [unparsed] => 27-29 Lake Street, Arlington MA 02474
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EXIT

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