Two-Unit Duplex with Driveway
New
For Sale
$1,200,000
11 Pearl Street, Belmont, MA 02478
Both residences are occupied and include in-unit laundry, separate heating systems, and enclosed porches.
Property Size2,214 SF
Price / SF$542.01
Days on Market4
Property Features for 11 Pearl Street
General Information
Standard status
Active
Size
2,214 SF
Total Parking Spaces
5
Property subtype
Multi-family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
2
Tenant in Place
Yes
Amenities
wall A/C
stackable washer and dryer
enclosed porches
walk-up attic
full basement
finished room
Building Details
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
Core Real Estate
Listed By:
Teresa Troisi
(617) 966-3482
Source:
Sredboston
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 1:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Core Real Estate
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Investment Insights
Based on property information with market context.
This 1910 duplex contains two residences, each with a living room, dining area, kitchen, and two bedrooms. Hardwood flooring and built-in dining room cabinets are noted in both units. The first-floor apartment also has a full tile bath, wall air conditioning, a stackable washer and dryer, and enclosed porches at the front and rear. The second-floor unit includes its own washer and dryer and a rear enclosed porch. The building totals 2,214 square feet, with separate heating systems dating to approximately 2016 and updated 200-amp electrical service. A walk-up attic and full basement provide storage, and the basement also has a small finished room.
The property is on a dead-end street, approximately a half-mile from the commuter rail, with restaurants, shops, and other local amenities in the surrounding area. Two separate driveways provide parking for two cars assigned to the first-floor unit and three cars for the second-floor unit.
The property is on a dead-end street, approximately a half-mile from the commuter rail, with restaurants, shops, and other local amenities in the surrounding area. Two separate driveways provide parking for two cars assigned to the first-floor unit and three cars for the second-floor unit.
Key Highlights
- Two residences, each with two bedrooms
- Both units are occupied
- 2,214 square feet; built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,849
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,980
$937.0K
Cap Rate 7%
$669,271
$669.3K
Cap Rate 9%
$520,544
$520.5K
Market Conditions
NOI Build-Up for 2,214 SF
Gross rent
$70.4K $31.80/SF
− Vacancy
−$3.5K −$1.57/SF
EGI
$66.9K $30.23/SF
− OpEx
−$20.1K −$9.07/SF
NOI
$46.8K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,980
Cap Rate 7%
$669,271
Cap Rate 9%
$520,544
Alternative Uses
Best Use
Multifamily LT 5
$669.3K
$585.6K – $780.8K
NOI $46,849 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$629.3K
$550.6K – $734.2K
NOI $44,051 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,748 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
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Business Placement
Demographics for 02478, MA
27,286
Population
10,811
Households
2.5
Avg Household Size
42
Median Age
80%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
5,932
Density / Sq Mi
$177,790
Median Household Income
$95,206
Median Earnings
$2,382
Median Rent
$1,108,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and include in-unit laundry, separate heating systems, and enclosed porches.
Where is this duplex located?
The property is located at 11 Pearl Street Belmont, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two residences, each with two bedrooms; Both units are occupied; 2,214 square feet; built in 1910
