Multi Family · MBTA

27-29 Lake Street

Arlington, MA 2474 · MLS 73584218

$1,175,000

2,745 sqft

  • Beds—
  • Baths—
  • Sq Ft2,745
  • Year1920
  • Style—
  • $ / Sq Ft$428
  • HOA—
  • Taxes$12,117
  • Parking2
  • Lot2910.0
  • MLS73584218
  • StatusActive

About this home

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 cafes, 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.

Location

DirectionsMore in Arlington

More about Arlington

Arlington Profile Snapshot
Primary Vibe Quiet residential town northwest of Boston with tree-lined streets, neighborhood parks, and a modest commercial center along Massachusetts Avenue. Popular with families, professionals, and buyers seeking outdoor space and a lower-key setting with reasonable access to Cambridge and the city.
Housing Prices Prices vary by property type, condition, and location. Single-family homes and updated two-families typically command higher prices, while condominiums and properties needing work offer more approachable entry points. Lot size, parking, renovation quality, and proximity to Massachusetts Avenue influence value.
Commute to Boston MBTA bus routes along Massachusetts Avenue and surrounding streets provide direct service toward Cambridge and Boston. The Minuteman Bikeway offers a car-free option for cycling into Cambridge. Driving via Route 2 or local roads is common, though rush-hour traffic can add time. No direct subway station within the town.
Schools Served by Arlington Public Schools, which include neighborhood elementary schools, Ottoson Middle School, and Arlington High School. School assignments depend on address. The district is generally well regarded. Buyers with children should confirm current boundaries, programs, and enrollment details directly with the district.
Market Demand is supported by the town’s residential character, school reputation, and proximity to Cambridge and Boston employment centers. Single-family homes and two-families make up much of the inventory, with a smaller condominium segment. Condition, outdoor space, and location relative to the main commercial corridors influence competition and time on market.
Housing Styles Primarily older single-family homes, two- and three-family houses, and a limited number of condominium complexes or townhouse-style units. Streets closer to Massachusetts Avenue tend to be more walkable, while residential side streets offer quieter settings with yards. Newer construction is relatively uncommon.

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Listing information is believed accurate but is not guaranteed and should be independently verified. Courtesy of the listing office shown.