53 Park St - Apartments FOR SALE


Arlington, MA 02474- East Arlington
$2,499,000 USD
617-974-9275
53 Park St, Arlington, MA for Sale
$2,499,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

53 Park St
Arlington, MA 02474
East Arlington


OVERVIEW

53 Park St, Arlington, MA Rare opportunity to acquire a well-located 5-unit apartment building delivered vacant in Arlington, Massachusetts. The property offers a compelling investment opportunity with strong rental-market appeal and the flexibility to reposition, renovate, or operate as an income-producing multifamily asset. The building currently consists of five residential units, providing an attractive opportunity for an owner-user, investor, or developer seeking a multifamily asset in a highly desirable Greater Boston community. Ideally situated near the Mystic River and Minuteman Bikeway, the property offers convenient access to Arlington’s vibrant commercial districts, public transportation, parks, restaurants, and major commuter routes. Residents can enjoy easy access to Arlington Center, Spy Pond, Alewife, Cambridge, and Boston, as well as the area’s many shops, dining destinations, recreational amenities, and green spaces. Property Highlights: 5-unit apartment building Delivered vacant Desirable Arlington location Steps from the Mystic River and nearby recreational amenities Convenient access to the Minuteman Bikeway Close to Arlington Center, Spy Pond, and major area attractions Easy access to Cambridge, Boston, and major commuter routes Strong rental-market appeal Proximity to shopping, dining, parks, and public transportation Attractive opportunity for investors, owner-users, and multifamily buyers Buyer and buyer’s agents responsible to verify all zoning, unit count, rental, and property information. 1 non-conforming unit

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$189 USD /SF

# OF UNITS

5

PRICE/UNIT

$499,800

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

53 Park St, Arlington

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1855

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,369 SF

ZONING

R-2

APN/PARCEL ID

ARLI-000041-000001-000005

ASK ABOUT THIS PROPERTY

Mark LessesColdwell Banker RealtyMore Info
617-974-9275

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Mark LessesColdwell Banker RealtyMore Info
617-974-9275

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.