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285-289 Summer StreetArlington, MA 02474Price: $3,999,900

  • Price: $3,999,900
  • Est. Mortgage of $/month
  • 6 Days on Market
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$
%
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Federal 30-year interest rate: 7.18% last updated on Nov 5, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $3,999,900List Price
  • 0.64Acreage

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Introducing an ideal 28,063 sq ft residential development site on Summer St in Arlington, positioned for a friendly 40B. The site is split into two lots (14,504 and 13,559 sq ft) and sits above Summer St with views toward the Boston skyline, moments to Arlington High School, Mass Ave, and Route 2. A building permit is in place for two 2-family residences: four units total, each unit with 4 bedrooms, 3.5 baths, about 3,200 sq ft of finished square footage, and a garage. Site work is done; the two existing 2-family homes have been razed and the lot has been cleared. Driveway has been prepped. As of November 2026, Arlington has not reached the affordable housing threshold or safe harbor under Chapter 40B, opening a path to further development and permitting. Few sites in Arlington combine this much land, a site ready to build, and direct frontage on a main road. Buyer to perform own due diligence on 40B feasibility.

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Listed by Doug Walters of Larkin & Larkin Real Estate

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