163 Belmont St Belmont, MA 02478

This unique mixed-use property is ideally located at the nexus of Belmont, Cambridge, and Watertown. It features two buildings with LB3 zoning, including a large three-family dwelling and a separate retail commercial building with 710 square feet of space plus a full basement suitable for dry storage. The residential building has been well maintained and includes updated kitchens with stainless steel appliances, spacious bedrooms, private rear decks, central air conditioning in units 1 and 2, laundry units in the basement, and hardwood floors throughout. Tenants are responsible for their separately metered utilities for heat, hot water, and electricity. Four leased parking spaces are provided across the street in a private lot. This turnkey investment is situated in a prime rental and retail location supported by public transportation, recreation, and shopping, with convenient access to Harvard Square, Watertown Square, Arsenal Yards, and Cushing Square. Developers may have the opportunity to add an Accessory Dwelling Unit (ADU) to the basement with a walkout, or potentially add up to three additional residential units per SD4 code.