Two-Family Residential Income
14-16 Davis Street Belmont, MA 02478
14-16 Davis Street, Belmont, MA, 02478
$1,275,000
For Sale
$1,275,000
Two separate units offer refinished wood floors, updated vinyl flooring, and private laundry with exclusive basement space.
Property Size2,242 SF
Price / SF$568.69
Days on Market121
Property Features for 14-16 Davis Street
General Information
- Standard status
- Active
- Size
- 2,242 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1952
Listing agency
Leading Edge Real Estate
(617) 484-1900
Listed by
Anne Mahon · License #9519432
(617) 484-1900
Source
Compass
Added: Mar 25 Updated: Jul 23 at 5:22AM Checked: Jul 23 at 5:22AM
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 Leading Edge Real Estate
Investment Insights
Based on property information with market context.
This two-family residential income property features a first-floor 2-bedroom, 1-bath unit and upper unit space consisting of a 3-bedroom, 1-bath spread across the second and third floors. The interior includes refinished wood floors and new vinyl floors in the kitchens, bathrooms, and back hallways, with additional new vinyl flooring on the third floor. Both units have been freshly painted and provide large front open balconies along with mostly enclosed sun porches at the rear.
The basement includes exclusive space for each unit, with individual heat and hot water tanks as well as laundry for each unit. A large two-car garage under the property includes a driveway in front, and the electrical panels are located in the garage. Outside, a fenced-in backyard provides private outdoor space.
The property is located on a quiet, tree-lined street in the Waverley area of Belmont, with convenient access to the Waverley Square train and commuter rail, and nearby options including cafes and grocery.
The basement includes exclusive space for each unit, with individual heat and hot water tanks as well as laundry for each unit. A large two-car garage under the property includes a driveway in front, and the electrical panels are located in the garage. Outside, a fenced-in backyard provides private outdoor space.
The property is located on a quiet, tree-lined street in the Waverley area of Belmont, with convenient access to the Waverley Square train and commuter rail, and nearby options including cafes and grocery.
Key Highlights
- Two‑family home built in 1952 with a 2 bed/1 bath unit (1st floor) and a 3 bed/1 bath unit (2nd and 3rd floors).
- Refinished wood floors and updated vinyl flooring in kitchens, bathrooms, and back hallways, with additional new vinyl flooring on the 3rd floor.
- Each unit has exclusive basement space with its own heat and hot water tanks and laundry hookup (gas/electric washer/dryer hookups).
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 | $71.3k | $31.80 |
| − Vacancy | −$3.5k | −$1.57 |
| EGI | $67.8k | $30.23 |
| − OpEx | −$20.3k | −$9.07 |
| NOI | $47.4k | $21.16 |
2,242 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$677.7K
$593.0K – $790.7K
NOI $47,442 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$637.3K
$557.6K – $743.5K
NOI $44,608 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,908 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units offer refinished wood floors, updated vinyl flooring, and private laundry with exclusive basement space.
Where is this duplex located?
The property is located at 14-16 Davis Street Belmont, MA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Two‑family home built in 1952 with a 2 bed/1 bath unit (1st floor) and a 3 bed/1 bath unit (2nd and 3rd floors).; Refinished wood floors and updated vinyl flooring in kitchens, bathrooms, and back hallways, with additional new vinyl flooring on the 3rd floor.; Each unit has exclusive basement space with its own heat and hot water tanks and laundry hookup (gas/electric washer/dryer hookups).
