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40 Tanager Street 40 Tanager St 2 Unit Apartment Building $1,250,000 ($625,000/Unit) 3.37% Cap Rate Arlington, MA 02476



Investment Highlights
- Access and Connectivity
- Separately Metered Utilities
- Strong Rental Demographics and Demand
- Area Amenities and Demand Drivers
- Off Street Parking
- Quality of Life Amenities
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 40 Tanager Street in Arlington, MA (the “Property”). The two-story duplex style building contains one (1) 3-Bedroom/1-Bathroom unit and one (1) 2-Bedroom/1- Bathroom unit with 2,300 square feet of gross living area in 4,886 square feet of gross area. The Property is situated upon a 0.115-acre parcel and features three (3) tandem style off-street parking spaces.
40 Tanager Street is well-positioned within a quiet residential enclave of Arlington, offering immediate access to established neighborhoods, local retail corridors, and the town’s vibrant commercial centers. The property benefits from convenient connectivity to major regional routes including Massachusetts Route 2 and Massachusetts Route 3, as well as close proximity to Interstate 95 (Route 128), providing efficient access to the greater Boston metropolitan area.
The Property has been meticulously maintained and has undergone extensive renovations, offering a turnkey investment or owner-occupied asset with condo-quality upgrades throughout. Units feature newer kitchens with white quartz countertops, modern cabinets, and stainlesssteel appliances, including gas stoves and dishwashers, hardwood floors throughout, newer bathrooms, forced hot air as well as central air conditioning. Each of the units are separately metered for gas heat, hot water and electric. Additional capital improvements include upgraded electrical in 2025, as well as insulation in all exterior walls and attic in 2025 which dramatically reduced utility costs
40 Tanager Street is well-positioned within a quiet residential enclave of Arlington, offering immediate access to established neighborhoods, local retail corridors, and the town’s vibrant commercial centers. The property benefits from convenient connectivity to major regional routes including Massachusetts Route 2 and Massachusetts Route 3, as well as close proximity to Interstate 95 (Route 128), providing efficient access to the greater Boston metropolitan area.
The Property has been meticulously maintained and has undergone extensive renovations, offering a turnkey investment or owner-occupied asset with condo-quality upgrades throughout. Units feature newer kitchens with white quartz countertops, modern cabinets, and stainlesssteel appliances, including gas stoves and dishwashers, hardwood floors throughout, newer bathrooms, forced hot air as well as central air conditioning. Each of the units are separately metered for gas heat, hot water and electric. Additional capital improvements include upgraded electrical in 2025, as well as insulation in all exterior walls and attic in 2025 which dramatically reduced utility costs
Property Facts
| Price | $1,250,000 | Property Subtype | Apartment |
| Price Per Unit | $625,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 3.37% | Building Size | 4,886 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1914 |
| Price | $1,250,000 |
| Price Per Unit | $625,000 |
| Sale Type | Investment |
| Cap Rate | 3.37% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,886 SF |
| No. Stories | 2 |
| Year Built | 1914 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | ARLI-000173-000006-000002 | Improvements Assessment | $461,300 |
| Land Assessment | $530,000 | Total Assessment | $991,300 |
Property Taxes
Parcel Number
ARLI-000173-000006-000002
Land Assessment
$530,000
Improvements Assessment
$461,300
Total Assessment
$991,300
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40 Tanager Street | 40 Tanager St
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