May 1, 2025 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a twelve-unit multi-family Property in Arlington, Massachusetts. Horvath & Tremblay exclusively represented the seller in the transaction. The desirable asset sold for $4,650,000 and $387,500 per unit.
The multi-family property is located at 109 Oxford Street in Arlington, Massachusetts (the “Property”). The Property consists of a three-story brick building with twelve (12) residential units comprised of eleven (11), 2-Bedroom/1-Bathroom units and one (1) Studio unit with 10,437 square feet of living area in 10,860 square feet of gross area on a 0.294-acre parcel. The Property also features an on-site laundry facility and fourteen (14) parking spaces. 109 Oxford has been well-maintained throughout ownership. The building’s roof and windows have been replaced as well as new electrical panels for several units. A number of apartments have been updated as well. Unit renovations include new appliances, re-finished hardwood flooring (most units feature hardwood floors), new carpeting and fresh paint. 109 Oxford Street offers the ability to add value to a well-maintained building as in place rents are below market and the opportunity exists to drive rental rates through programmatic upgrades to the unrenovated unit interiors. Additionally, there is potential to increase the bedroom count by converting the studio unit into a 1-bed or 2-bed unit by combining the current unit with the on-site laundry facilities. 109 Oxford Street is exceptionally well-located in the east end of Arlington. The Property offers convenient access to downtown Arlington, and several area parks, as well as to the Davis Square neighborhood of Somerville. The Property is 100 feet from Broadway, 0.3 miles from Massachusetts Avenue (US Route 3), and 1.25-miles from Tufts University. 109 Oxford Street is also convenient to several MBTA Stations. The Property is also close to shopping, dining, fitness, and entertainment options in Downtown Arlington and neighboring Cambridge and Somerville.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.