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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 2 |
| Living area | 2,745 sqft |
| Lot size | 2,910 sqft |
| Year built | 1920 |
| Price / sqft | $437 |
| County | Middlesex |
| MLS # | 73584218 |
Listing status
| Days on market | 0 days |
| Listed on | September 30, 2026 |
Taxes & financials
| Annual property tax | $12,117 |
| Tax year | 2026 |
| Assessed value | $1,125,100 |
| Zoning | R2 |
| Gross income (actual) | $61,476/yr |
| Net operating income (actual) | $61,476/yr |
| Total actual rent | $5,123/mo |
Building & lot
| Stories | 3 |
| Total rooms | 14 |
| Lot size | 0.07 acres |
| Garage spaces | 2 |
| Parking spaces | 4 |
| Parking | Paved Drive, Off Street, Driveway |
| Basement | Full, Interior Entry, Concrete, Unfinished |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Tile, Varies |
Utilities & systems
| Heating | Steam, Natural Gas, Baseboard |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Dishwasher, Refrigerator, Washer, Dryer |
Location
More about investing in Arlington →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 27-29 Lake Street, Arlington MA 02474 have?
It is a 2-unit multi-family property with 2,745 sqft of living area, built in 1920.
How long has 27-29 Lake Street, Arlington MA 02474 been on the market?
27-29 Lake Street, Arlington MA 02474 has been listed for 0 days (since September 30, 2026).
What is the price per unit?
At a list price of $1,199,000 across 2 units, that works out to roughly $599,500 per unit.
What are the property taxes on 27-29 Lake Street, Arlington MA 02474?
Annual property taxes are $12,117 (2026), on an assessed value of $1,125,100.
What is the price per square foot?
At $1,199,000 for 2,745 sqft, that's about $437 per square foot.
Is there parking?
2 garage spaces and 4 total parking spaces (paved drive, off street, driveway).
Where is this property located?
27-29 Lake Street, Arlington MA 02474 is in Arlington, Middlesex County, MA 02474.
