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4 Days on market
28 Prospect Ave Arlington — Photo 1 of 40

28 Prospect Ave Arlington — Photo 1 of 40

$1,049,900

Investment Analysis — 28 Prospect Ave

Arlington, MA 02476 — Arlington Heights

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02476 carries an estimated $3,090/mo in gross rent — about a 1.73% cap rate and $18,203/yr in estimated NOI at the $1,049,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,628

Style

Single Family

Built

1960

Welcome to this inviting Arlington Heights home, where flexible living spaces, thoughtful updates, and a fantastic location come together. Looking for a home that is ready for you and does not need a thing? Location! Whether it's a walk to Robbins Farm Park, Dallin School, food and coffee along Mass Ave, or just relaxing in your own private, fenced Oversized backyard oasis. Inside, the home offers plenty of space to live, gather, and unwind. The main level features a fireplaced living room, dining area with built-ins, and an updated kitchen. A bright sunny deck and bonus patio with power, makes it the perfect spot to enjoy the sun. Upstairs, three generously sized bedrooms and a full bath offer a peaceful retreat. The versatile lower level adds even more living space with a family room, full bath, laundry, and bonus room ideal for a home office, playroom, gym, or hobby space. Updated kitchen and bathrooms, garage parking, and plentiful storage complete this wonderful home.Commuters dream location! With access to route 2, the 62 and 78 line to Alewife.

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: 814 sq ft (the lesser of 900 sq ft or half the 1,628 sq ft principal dwelling). Lot size: 8,538 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.

Open Houses

Property Details

Financials

Original Price$1,049,900
Annual Taxes$9,978

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms6
Fireplaces2
FlooringWood, Tile, Hardwood, Flooring - Hardwood
BasementFull, Partially Finished

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.2
SqFt Lot8,538
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator

Neighborhood

Public Transportation • Park • Walk/Jog Trails • Bike Path • Highway Access • Public School

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 3
Second
Master BedroomBedroom 2Bathroom 1
First
Living RoomDining RoomBathroom 2
Basement
Family Room
Main,First
Kitchen
Living Room
Lvl First

18 x 11

Flooring - Hardwood, Window(s) - Bay/Bow/Box

Dining Room
Lvl First

7 x 12

Ceiling Fan(s), Flooring - Hardwood, Chair Rail, Slider, Lighting - Overhead

Kitchen
Lvl Main,First

14 x 12

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Remodeled, Gas Stove, Lighting - Overhead

Family Room
Lvl Basement

20 x 11

Flooring - Stone/Ceramic Tile

Master Bedroom
Lvl Second

14 x 12

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second

10 x 14

Bedroom 3
Lvl Third

11 x 10

Closet, Flooring - Hardwood

Bathroom 1
Lvl Second

7 x 8

Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl First

6 x 8

Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Matthew Urciuoli

Listing Office: Red Bow Realty

MLS® Number: 73572788