Renovated Multifamily
New
For Sale
$1,704,000
112-114 Payson Rd., Belmont, MA 02478
Four stories and a two-car garage provide distinct living levels and on-site parking.
Property Size2,711 SF
Lot Size0.18 Acres
Price / SF$628.55
Days on Market4
Property Features for 112-114 Payson Rd.
General Information
Standard status
Active
Size
2,711 SF
Total Parking Spaces
6
Lot size
0.18 Acres
Property subtype
Multi Family Home
Zoning
2-Fam Res
Taxes and HOA fees
Annual Taxes
$14,292
Amenities
Professional Landscaping
Building Details
Building Size
2,711 SF
Year Built
1930
Stories
3
Units
2
Listing Agency:
Ingram Realty Co.
(617) 484-1043
Listed By:
Dana Ingram
(617) 596-9530
Source:
Berettarealty
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:24PM
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 Ingram Realty Co.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property in Belmont contains 2,711 square feet across four stories, with four bedrooms and two full bathrooms. The building was renovated and includes a two-car garage for parking and storage. It was built in 1930 and is zoned 2-Fam Res.
The property occupies a 7,649-square-foot lot near Cushing Square.
The property occupies a 7,649-square-foot lot near Cushing Square.
Key Highlights
- 2,711 square feet of building area across four stories
- Four bedrooms and two full bathrooms
- Two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,940
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,800
$1.1M
Cap Rate 7%
$770,571
$770.6K
Cap Rate 9%
$599,333
$599.3K
Market Conditions
NOI Build-Up for 2,711 SF
Gross rent
$103.5K $38.16/SF
− Vacancy
−$5.4K −$1.98/SF
EGI
$98.1K $36.18/SF
− OpEx
−$44.1K −$16.28/SF
NOI
$53.9K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,800
Cap Rate 7%
$770,571
Cap Rate 9%
$599,333
Alternative Uses
Best Use
Apartment 5plus
$770.6K
$674.3K – $899.0K
NOI $53,940 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,343 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four stories and a two-car garage provide distinct living levels and on-site parking.
Where is this multifamily property located?
The property is located at 112-114 Payson Rd. Belmont, MA.
What is the asking price?
The asking price for this property is $1,704,000.
What are key features of this property?
This property features: 2,711 square feet of building area across four stories; Four bedrooms and two full bathrooms; Two‑car garage
