Norwich Realty Associates Sells Arlington Multifamily Property For $1.1M

A multifamily property located at 13-15 Fairmont Street in Arlington, MA was sold for $1.1 million. The property consists of three units with a total of 2,621 square feet. It offers potential for remodeling or investment and includes six bedrooms and three baths. The sale price per unit was $371,000, and the price per square foot was $425.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,113,000
• Units: 3
• Square Footage: 2,621
• Market: Arlington, MA

The sale of the 3-family property at 13-15 Fairmont Street was facilitated by Anthony Zafferano from Norwich Realty Associates. The property includes units occupied by tenants-at-will and requires upgrades to maximize its rental value.