Sold for $1,290,000

$1,290,000

1 Laurel St, Arlington, MA 02476

6beds

2,701sqft

3 Family

Built in 1907

-- sqft lot

$1,331,300 Zestimate^®

$478/sqft

$2,659 Estimated rent

Home value

$1,331,300

$1.14M - $1.57M

$2,659/mo

Zestimate^® history

Owner options

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$2,659/mo

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$2,659/mo

Rent Zestimate^®

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$6,539/mo

Est. payment

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$6,539/mo

Est. payment

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What's special

Central heatingNewer bryant furnacesNewer windows

Turn-key investment property right in Arlington Center. Equipped with a 3-car driveway, maintenance-free fiber cement siding, newer windows, and a roof that was replaced just five years ago, 1-3 Laurel St. provides an ideal buy-and-hold venture in a market flush with overpriced multi-families. Each unit is separately metered for both gas and electricity, with newer Bryant furnaces, central heating, and 100-amp electrical service on each level. Kitchens and baths have all been updated in the last 5-7 years and the cumulative rent roll amounts to $84,600/year. Unit #1 is a Philadelphia-style 3 bed, 1 bath ($2,750), unit #2 is a floor-through 2 bed, 1 bath ($2,500) and unit #3 is a 1 bed, 1 bath on the top level ($1,800). All leases span to 8/31/24.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3

Features

Flooring: Wood
Windows: Insulated Windows
Basement: Full
Has fireplace: No

Interior area

Total structure area: 2,701
Total interior livable area: 2,701 sqft

Property

Parking

Total spaces: 3
Parking features: Off Street, Paved
Uncovered spaces: 3

Features

Patio & porch: Deck

Lot

Size: 2,788 sqft
Features: Corner Lot

Details

Parcel number: 322595
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family

Materials

Frame
Foundation: Concrete Perimeter
Roof: Shingle

Condition

Year built: 1907

Utilities & green energy

Electric: Individually Metered, Varies per Unit
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range, for Electric Range

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University

Location

Region: Arlington

HOA & financial

Other financial information

Total actual rent: 7050

Price history

Date	Event	Price
8/31/2023	Sold	$1,290,000-4.4%$478/sqft
Source: MLS PIN #73137742 Report a problem
7/18/2023	Listed for sale	$1,350,000$500/sqft
Source: MLS PIN #73137742 Report a problem