40 Tanager Street
Multi-Family | 2 Units | 4,886 SqFt
Marketing description
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 stainless-steel 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.
Investment highlights
ACCESS & CONNECTIVITY
The Property benefits from Arlington’s bus-oriented transit network, including the MBTA 77 route along Massachusetts Avenue, which links Arlington Heights and Harvard Station and provides a practical connection to Cambridge and the Red Line.
Other nearby MBTA bus options in the Arlington area include routes such as 67, 77, 80, 95, and 350, broadening access to Alewife, Cambridge, and surrounding destinations.
For rail-oriented travel, the nearest subway and commuter rail access points are outside the immediate neighborhood but remain accessible by bus or short drive, including Alewife on the Red Line and regional rail stations in the broader Arlington/Cambridge area.
Road access is a strong point for the area, with Route 2 serving as the main east-west corridor through Arlington and direct connections toward Cambridge and Boston. The town also sits near the Route 128/Interstate 95 belt, which supports travel to employment centers across Greater Boston and suburban markets.
AREA AMENITIES & DEMAND DRIVERS
Arlington is widely considered a “commuter suburb” of the Greater Boston economy, with a significant portion of residents working in nearby urban employment hubs including Cambridge, Boston, Lexington, and Waltham. These markets collectively anchor one of the strongest knowledge-based economies in the country, with concentrations in life sciences, technology, higher education, and financial services.
Key employment nodes nearby include Kendall Square in Cambridge (biotech and innovation cluster), Downtown Boston (financial and professional services), and the Route 128 corridor (corporate headquarters and tech firms). Additionally, local employers such as Thermo Fisher Scientific and healthcare providers affiliated with Beth Israel Lahey Health provide in-town employment options.
Arlington offers strong lifestyle appeal driven by access to outdoor recreation, including the Minuteman Bikeway, one of the region’s most heavily utilized multi-use trails, along with nearby parks, conservation areas, and the Mystic River corridor.
SEPARATELY METERED UTILITIES
Tenants are responsible for gas-powered heating & hot water, as well as individually metered electricity, which they pay directly. The Landlord is responsible for providing city water & sewer, which they pay directly.
OFF-STREET PARKING & AMENITIES
The Property features three (3) off-street tandem style parking spaces.
STRONG RENTAL DEMOGRAPHICS & DEMAND
More than 19,800 people live within 1 mile of the Property with an average household income of $236,149. Over 130,200 people reside within 3 miles of the Property with an average household income of $232,844.
QUALITY OF LIFE AMENITIES
Local favorites include Magic Bites Bakery & Cafe and Boonnoon Market, both known for high-quality, neighborhood-oriented dining experiences with international cuisine offerings. Casual and quick-service options are readily available throughout Arlington Center and East Arlington, including sandwich shops, pizza, and takeout-oriented eateries along Mass Ave.
Grocery options include Whole Foods Market, a full-service organic grocer located along Massachusetts Avenue, as well as smaller neighborhood options like Little Joe's Convenience and 7 Star Grocery for everyday needs.
Larger-scale retail and shopping destinations are easily accessible, including Porter Square in nearby Cambridge and Assembly Row in Somerville, both offering national retailers, grocery anchors, and lifestyle-oriented shopping environments.
Local parks such as McClennen Park provide athletic fields, open space, and recreational programming within close proximity.
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