239 Park Avenue Arlington — Photo 1 of 9
$999,000
Investment Analysis — 239 Park Avenue
Arlington, MA 02476
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 02476 carries an estimated $3,420/mo in gross rent — about a 1.79% cap rate and $17,888/yr in estimated NOI at the $999,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
1.5
SqFt
1,980
Style
Single Family
Built
1925
Welcome to 239 Park Ave, nestled in the highly sought-after Arlington Heights neighborhood. 1980 square feet of living space across three levels, situated on a nearly 12000 sqft lot bursting with potential. The first floor has been gutted down to the studs. Upstairs, you'll find four sizable bedrooms and a full bath. The third floor offers two versatile bonus rooms, ideal for a home office, additional bedroom, or extra storage. Head outside to the large backyard, a serene retreat with lush greenery ideal for outdoor gatherings. Perfect for buyers looking to make it their own or contractors and developers seeking their next project. Ideally located just minutes from Mass Ave, Trader Joe’s, a variety of shops and restaurants, Route 2, and multiple bus lines to Alewife Station and Harvard Square. Private showings only, do not walk property. Buyers to verify all details around development use.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 1,980 sq ft principal dwelling). Lot size: 11,918 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Highway Access
Geography
Listing Agent: Phillip Macarthur
Listing Office: Windrift Real Estate, LLC
MLS® Number: 73575194