Opportunity knocks! Set on over 12,000 sf of level land in a top commuter location, 181 Summer Street boasts a number of quality upgrades and a strong rental history. A full 2018 3rd-floor dormer added 2 spacious bedrooms and room for a future third full bathroom. Improvements over past 10 years include new roof, two new heating/central air systems, replacement Harvey windows, rebuilt front porch and stairs, and a new tile bathroom (Unit 2). Each unit features hardwood floors and ceramic tile baths. Lower level is partially finished with 2 separate laundry areas and a bonus half bath; new gas water heater 2024 (Unit 1). Property is conveniently located on the Turkey Hill bus line to Alewife, just a few short blocks to vibrant Mass Avenue, public tennis/pickleball courts, AHS and Bishop School, and the popular Minuteman Bikeway. Home also abuts wooded conservation land (Arlington 360). Investors/Contractors/Developers note: Large, deep sunny backyard offers opportunity for expansion.
This listing has been viewed 8 times in the past 13 days
Last Updated: October 19th, 2024 at 5:28am
Conservation Area
Public School
Shopping
Bike Path
Public Transportation
Tennis Court(s)
Sidewalks
General Information for 181 Summer Street, Arlington, Massachusetts 02474
Property TypeResidential Income
Property Sub TypeMulti Family
Price$1,450,000
Price per sqft$597.20
MLS #73295004
Handicap Access / FeaturesNo
List Date2024-09-25
Special Listing ConditionsNo
StateMassachusetts
Street NameSummer Street
CityArlington
Zip Code02474
CountyMiddlesex
MLS Status
Covered Parking Spaces0
Heating Y/NYes
Heating System
Heat Zones2
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total2428
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress181 Summer Street, Arlington MA 02474
Zoning
Interior Features for 181 Summer Street, Arlington, Massachusetts 02474
* Approx. Living Area Total2,428 sq ft
Living Area Includes BasementNo
Bedrooms6
* # Fireplaces0
Bathrooms (Total)2.5
Full Baths2
* # Half Baths1
* # Rooms
Basement
Heating System
AppliancesNo
2
Electric
Living Area DisclosureUnit 2: 4th BR/Office does not have a closet.
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_23
MLSPIN_BEDRMS_3
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_3
MLSPIN_F_BTHS_4
MLSPIN_GRE$4,604
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 181 Summer Street, Arlington, Massachusetts 02474
* Approximate Lot Size0.28 acres
Covered Parking Spaces0
Lot FeaturesLevel
* Parking Spaces5
* Sewer Utilities
* Water Utilities
* Year Built1949
Year Built Details
Year Built SourcePublic Records
Construction MaterialsFrame
Exterior Features
Foundation Area952
Foundation MaterialsBlock
Approx. Street Frontage68.00
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)12,018 Sqft
Disclosures for 181 Summer Street, Arlington, Massachusetts 02474
Buyer Agent Compensation
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area DisclosureUnit 2: 4th BR/Office does not have a closet.
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 181 Summer Street, Arlington, Massachusetts 02474
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceTax Return
Gross Income$60,600
Insurance Expense$1,703
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_22
MLSPIN_LEVELS_3
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT11950
MLSPIN_RENT23100
MLSPIN_RENT3
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$1,100
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$60,600
OperatingExpense$4,604
OriginalListPrice$1,450,000
RENT_FEE_INCLUDESUnit 1(water), Unit 2(water)
TOTAL_RENT5050
WaterSewerExpense$1,801
Lifestyle Information for 181 Summer Street, Arlington, Massachusetts 02474
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront Features1 To 2 Mile To Beach, Beach Front, Beach Ownership(public), Lake/pond
Location information for 181 Summer Street, Arlington, Massachusetts 02474
Elementary SchoolBishop
Middle SchoolOttoson
High SchoolAhs
NumberOfUnitsTotal2
Marketing History for 181 Summer Street, Arlington, Massachusetts 02474
MLSPIN_MARKET_TIME_BROKER23
MLSPIN_MARKET_TIME_PROPERTY23
PurchaseContractDate
Agent Information for 181 Summer Street, Arlington, Massachusetts 02474