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About this property
Pristine brick multifamily home located in the desirable Arlington Heights neighborhood, just minutes from Route 2 and convenient to public transportation to Harvard Square. The first and second floor units offer nearly identical layouts featuring three bedrooms, spacious sun-filled kitchens, large formal dining and living rooms, elegant hardwood floors, beautiful original gumwood trim, and fireplaces. The second-floor unit also includes a charming front sunroom. The third floor features a one-bedroom in-law apartment currently rented in conjunction with the second-floor unit. Unit 1 is certified lead-safe, and both units are leased through August 31, 2027, offering strong rental stability for investors. Additional highlights include a large off-street parking area, a private backyard, and a full walkout basement with impressively high 9-foot ceilings offering excellent storage or expansion potential. A rare opportunity!
Property details
| Units | 3 |
| Living area | 3,039 sqft |
| Lot size | 9,553 sqft |
| Year built | 1930 |
| Price / sqft | $510 |
| County | Middlesex |
| MLS # | 73519750 |
Listing status
| Days on market | 5 days |
| Listed on | May 15, 2026 |
Taxes & financials
| Annual property tax | $14,596 |
| Tax year | 2026 |
| Assessed value | $1,368,000 |
| Zoning | R2 |
| Gross income (actual) | $87,600/yr |
| Net operating income (actual) | $87,600/yr |
| Total actual rent | $7,300/mo |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.22 acres |
| Garage spaces | 0 |
| Parking spaces | 10 |
| Parking | Paved Drive, Off Street |
| Basement | Full, Walk-Out Access, Interior Entry, Concrete |
| Foundation | Stone, Brick/Mortar |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Tile, Carpet, Varies, Hardwood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range, for Gas Dryer, for Electric Dryer, Washer Hookup, Varies per Unit |
| Appliances | Range, Dishwasher, Disposal, Microwave, Refrigerator |
Location
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Listing courtesy of EDGE Realty Advisors — Matt Gorman. 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 47 Park Ave Ext, Arlington MA 02474 have?
It is a 3-unit multi-family property with 3,039 sqft of living area, built in 1930.
How long has 47 Park Ave Ext, Arlington MA 02474 been on the market?
47 Park Ave Ext, Arlington MA 02474 has been listed for 5 days (since May 15, 2026).
What is the estimated cap rate on this 3-family in Arlington?
Based on area median rents, the estimated cap rate is about 4.4%, with a Signal Score of 78/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,549,000 across 3 units, that works out to roughly $516,333 per unit.
What are the property taxes on 47 Park Ave Ext, Arlington MA 02474?
Annual property taxes are $14,596 (2026), on an assessed value of $1,368,000.
What is the price per square foot?
At $1,549,000 for 3,039 sqft, that's about $510 per square foot.
Is there parking?
10 total parking spaces (paved drive, off street).
Where is this property located?
47 Park Ave Ext, Arlington MA 02474 is in Arlington, Middlesex County, MA 02474.
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