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You are here:
Home Massachusetts Arlington Multi-Family Homes for Sale

181 Summer Street Arlington, MA 02474

55 Days on Boston Pads
27 Photos
$1,450,000
2 Unit
6 Beds
3 Baths
2428 SQFT
0.28 Acre
181 Summer Street
Arlington, MA 02474

Property Description

Expansion Potential! 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. Investors/Contractors/Developers note: opportunity knocks!

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Amenities: Bike Path, Conservation Area, Public School, Public Transportation, Shopping, Tennis Court
  • Basement Features: Concrete Floor, Full, Interior Access, Partially Finished, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Programmable Thermostat, Tile Floor
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Vent Hood, Washer, Washer Hookup
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Expenses Source: Tax Return
  • Gross Operating Income: 60600
  • Gross Expenses: 4604
  • Water/Sewer: 1801
  • INSC: 1703
  • Repairs & Maintenance: 1100
  • Net Operating Income: 55996

Utilities

  • Heat Zones: 2
  • Cooling Zones: 2
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows, Prog. Thermostat, Storm Windows
  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: MWRA

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1949
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73295004
  • Last Updated: 11/12/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
09/29/2024Active$1,450,000$597MLSPIN
09/25/2024New$1,450,000$597MLSPIN

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Map & Resources

Arlington High School

Public Secondary School, Grades: 9-12

0.25mi

Menotomy Preschool

Public School, Grades: PK

0.28mi

John A Bishop School

Public Elementary School, Grades: K-5

0.43mi

Blue Ribbon Barbecue

Barbecue Restaurant

0.31mi

Arlington Police Department

Local Police

0.52mi

Arlington Fire Department

Fire Station

0.34mi

Jason Russell House

Museum

0.43mi

Smith Museum Archives

Museum

0.44mi

Hill's Hill

Nature Reserve

0.36mi

Nora A. Brown Park

Park

0.08mi

Symmes Hospital Memorial Park

Park

0.1mi

Wellington Park

Municipal Park

0.16mi

Brigham Square Park

Park

0.31mi

Buzzell Field

Park

0.37mi

Jason Russell House Park

Park

0.42mi

Cutter School Park

Park

0.46mi

Shell

Gas Station

0.32mi

GPA Contracting

General Contractor

0.28mi

Stop & Shop

Supermarket

0.25mi

Whole Foods Market

Supermarket

0.4mi

Summer St opp Oak Hill Dr

67

0.03mi

Summer St @ Oak Hill Dr

67

0.04mi

Summer St @ Symmes Rd

67

0.1mi

Summer St opp Symmes Rd

67

0.12mi

Symmes Circle @ Symmes Rd

67

0.13mi

Summer St opp Richfield Rd

67

0.24mi

Summer St @ Winthrop Rd

67

0.29mi

905 Massachusetts Ave

77

0.3mi

Seller's Representative: Karen Zoeller, Senne
MLS ID#: 73295004

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-11-12 09:24:00

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