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$1,395,000
Total Beds: 6 Total Baths: 3
Total Units: 2 SQFT: 2428
LOT size: 0.28 Acres
181 Summer Street
Arlington, MA 02474
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Property Description

OPEN HOUSE Saturday 2/22 1-2:30 PM Investors/Contractors/Developers note: your next project awaits! Classic 7/5 two family on over 12K+ sf of level land in a top commuter location, 181 Summer Street boasts a number of quality upgrades, a strong rental history, and expansion/conversion potential galore. 2018 3rd-floor full shed dormer added two spacious BRs 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 abuts conservation land. Conveniently located on the Turkey Hill bus line to Alewife, just a few short blocks to vibrant Mass Avenue, public tennis/pickle ball courts, Bishop School, and the popular Minuteman Bikeway.

Property Details

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 Doors, 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: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73324712
  • Last Updated: 02/20/25
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Karen Zoeller, Senne
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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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 2025-02-20 16:24:00

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