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 cafs, 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.

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Basic Information

Gross Income $61,476
Listing Terms Contract
Lot Features Level
Mls StatusNew
Parcel Number 318618
Rent Includes Unit 1(Water), Unit 2(Water)

Tax Information

Tax Assessed Value $1,125,100
Tax Year 2026
Taxes$12,117

Parking

Covered Spaces 2
Garage YN Yes
Open Parking YN Yes
Parking Features Paved Drive, Off Street, Driveway
Parking Spaces4

Rooms

Bathroom3
Bathrooms Total Decimal 3
Bedrooms6
Full Bath3

Basic Information

List Price$1,199,000
MLS Number73584218
Modification Date09/30/2026
Property SubTypeMulti Family

Location

Address27-29 Lake Street
Building Number27-29
CountyMiddlesex
StateMA
StreetLake Street
TownArlington
Zip02474

Building

BasementFull, Interior Entry, Concrete, Unfinished
Building Area Units Square Feet
Construction Materials Frame
FoundationStone
Garage Spaces2
Levels 3
Patio And Porch Features Porch, Deck
Rooms14
Stories3
Units2
Year Built1920
Year Built Details Actual
Year Built Source Public Records

Property

Acreage0.07

Interior

Flooring Wood, Tile, Varies
Interior Features Living Room, Dining Room, Kitchen, Office/Den

Exterior

Exterior Features Balcony
RoofShingle

Utilities

Electric Circuit Breakers
Heat SystemYes
Heating Steam, Natural Gas, Baseboard
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Other
Living Area 2,745
Lot Size Square Feet 2,910
Lot Size Units Acres
Square Feet2,745

Amenities

AmenitiesPublic Transportation, Walk/Jog Trails
Appliances IncludedRange, Dishwasher, Refrigerator, Washer, Dryer
Other AmenitiesBasement

Legal

ZoningR2

Other

Date Listed09/30/2026
Farm Land Area Units Square Feet

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Newton, MA

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More Info

Basic Information

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Newton, MA