For Sale
$4,500,000

109 Oxford StArlington, MA 02474

12-unit apartment building, prime location

Overview

Added:
Feb 13
Days on market:
59
This three-story brick apartment building at 109 Oxford St, Arlington, MA, presents a compelling value-add opportunity. Boasting 12 units (11 two-bedroom/one-bathroom, 1 studio), totaling 10,437 net rentable square feet within 10,860 gross square feet, this property sits on a 0.294-acre lot and includes 14 parking spaces. Built in 1964, the building has undergone some renovations, including roof and window replacements, new electrical panels in several units, and updated appliances, flooring, and paint in select apartments. The property features an on-site laundry facility. Current in-place rents are below market, offering significant potential for rental income growth through further unit upgrades and potential conversion of the studio unit. The exceptional location in Arlington's east end provides convenient access to major roadways (US Route 3, I-93), public transportation (multiple MBTA Red and Green Line stations within a 2-mile radius, bus routes nearby), and nearby amenities including Tufts University, Davis Square, and the vibrant commercial centers of Cambridge and Somerville. The strong rental market in Arlington, with high household incomes in the surrounding area, further enhances the investment potential. This fee-simple ownership opportunity is priced at $4,500,000, representing a $375,000 per-unit cost and a 5.09% cap rate with a current NOI of $228,835. The property's strong location and value-add potential make it an attractive investment prospect.

Highlights

  • Fee simple ownership of a 12-unit apartment building in Arlington, MA.
  • Asking price: $4,500,000, representing $375,000 per unit and $431 per square foot.
  • 5.09% cap rate with a Net Operating Income (NOI) of $228,835.
  • 10,437 square feet of net rentable space in a 10,860 square foot building on a 0.294-acre lot.
  • Built in 1964, the three-story building features 14 parking spaces and on-site laundry.
  • Excellent location near public transportation (MBTA Red and Green Lines, bus routes), major roadways (US Route 3, I-93), and amenities in Arlington, Somerville, and Cambridge.

Property Details for 109 Oxford St

Property type
Apartment buildings
Square Feet
10,860 SF
Year Built
1964
Buildings
1
Stories
3
Lot Size (sq. ft)
12,807 SF
Units
12

Location Insight

City
Arlington
County
Middlesex
State
Massachusetts
Latitude
42.4091901
Longitude
-71.1395727
109 Oxford St, Arlington, Massachusetts

FAQs

What type of property is this?
Apartment building - 12-unit apartment building, prime location
Where is the apartment building located?
The property is located at 109 Oxford St Arlington, MA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Fee simple ownership of a 12-unit apartment building in Arlington, MA.; Asking price: $4,500,000, representing $375,000 per unit and $431 per square foot.; 5.09% cap rate with a Net Operating Income (NOI) of $228,835.
How can I contact the broker?
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109 Oxford St
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