Two-Unit Residential Income
9 Spruce St Belmont, MA 02478
9 Spruce St, Belmont, MA, 02478
$1,599,000
For Sale
$1,599,000
MULTI_FAMILY - Belmont, MA
Property Size2,872 SF
Lot Size0.16 Acres
Price / SF$556.75
Days on Market9
Property Features for 9 Spruce St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- SC
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
- Parking
- 6
- Standard status
- Active
- APN
- M:05 P:000049 S:,356325
- Size
- 2,872 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16595
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 2
Listing agency
REMAX Andrew Realty Services
(781) 395-7676
Listed by
John Veneziano
(781) 395-7676
Added: Jul 14 Updated: Jul 18 at 3:06AM Checked: Jul 22 at 4:06AM
MLS# 73549260
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family residence offers a character-filled layout with two separate units, each featuring three bedrooms, hardwood floors, and period natural woodwork. Both units include a pantry, in-unit laundry, and a private enclosed back porch. The property also includes a walk-up unfinished attic tied to the second-floor unit, providing additional storage space.
Set on a corner lot, each unit can be accessed from a different street, giving the homes a more distinct, single-family feel with added privacy. The property is located near Cushing Square’s restaurants, cafes, and shops, and is minutes from Oakley Country Club.
With two complete, self-contained units and enclosed outdoor space for each, the property is well suited for an owner seeking rental income or for an owner-occupant looking for flexibility.
Set on a corner lot, each unit can be accessed from a different street, giving the homes a more distinct, single-family feel with added privacy. The property is located near Cushing Square’s restaurants, cafes, and shops, and is minutes from Oakley Country Club.
With two complete, self-contained units and enclosed outdoor space for each, the property is well suited for an owner seeking rental income or for an owner-occupant looking for flexibility.
Key Highlights
- Two‑family home built in 1915
- Each unit features 3 bedrooms and 1 bathroom (total: 6 bedrooms, 2 bathrooms)
- Both units include a pantry, in‑unit laundry, and a private enclosed back porch
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.3k | $31.80 |
| − Vacancy | −$4.5k | −$1.57 |
| EGI | $86.8k | $30.23 |
| − OpEx | −$26.0k | −$9.07 |
| NOI | $60.8k | $21.16 |
2,872 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$868.2K
$759.7K – $1.01M
NOI $60,773 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$816.3K
$714.3K – $952.4K
NOI $57,143 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,015 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Character-filled two-family home with separate street access and enclosed back porches for both units.
Where is this duplex located?
The property is located at 9 Spruce St Belmont, MA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Two‑family home built in 1915; Each unit features 3 bedrooms and 1 bathroom (total: 6 bedrooms, 2 bathrooms); Both units include a pantry, in‑unit laundry, and a private enclosed back porch
