Two-Family Residential Income
14-16 Hull Street Belmont, MA 02478
14-16 Hull Street, Belmont, MA, 02478
$1,100,000
For Sale
$1,100,000
Two-unit residence with two-car off-street parking and a heated enclosed porch for flexible space.
Property Size1,914 SF
Price / SF$574.71
Days on Market73
Property Features for 14-16 Hull Street
General Information
- Standard status
- Active
- Size
- 1,914 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1918
Listing agency
Realty Executives
Listed by
Ari Koufos
(781) 878-2478
Source
Trufantre
Added: May 11 Updated: Jul 22 at 3:35PM Checked: Jul 22 at 3:35PM
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 Realty Executives
Investment Insights
Based on property information with market context.
This well-kept two-family property includes a first-floor unit with a living room, two bedrooms, one bath, and a spacious eat-in kitchen. The second-floor unit features two bedrooms, a bright living room, a formal dining room, and an eat-in kitchen. Additional living flexibility is provided by a bonus heated enclosed porch that could serve as a home office or a third bedroom. The home is updated with vinyl replacement windows, gas boilers, and circuit breaker panels, and it offers off-street parking with a two-car garage.
The property is located near Waverley Square with access to bus service to Harvard and Central Square, as well as the commuter rail. Residents are also close to restaurants, specialty cafes and shops, supermarkets, parks, and walking and bike trails, with easy access to Route 2 and 128/95.
Outdoor space is included and may allow for future expansion.
The property is located near Waverley Square with access to bus service to Harvard and Central Square, as well as the commuter rail. Residents are also close to restaurants, specialty cafes and shops, supermarkets, parks, and walking and bike trails, with easy access to Route 2 and 128/95.
Outdoor space is included and may allow for future expansion.
Key Highlights
- Two‑family residence built in 1918 with two separate apartments
- First‑floor unit features a living room, 2 bedrooms, 1 bath, and a spacious eat‑in kitchen
- Second‑floor unit includes 2 bedrooms, a bright living room, formal dining room, and eat‑in kitchen
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 | $60.9k | $31.80 |
| − Vacancy | −$3.0k | −$1.57 |
| EGI | $57.9k | $30.23 |
| − OpEx | −$17.4k | −$9.07 |
| NOI | $40.5k | $21.16 |
1,914 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$578.6K
$506.3K – $675.0K
NOI $40,501 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$544.0K
$476.0K – $634.7K
NOI $38,082 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.13M
$991.5K – $1.32M
NOI $79,316 @ 7.0% cap · market cap 7.21%
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-unit residence with two-car off-street parking and a heated enclosed porch for flexible space.
Where is this duplex located?
The property is located at 14-16 Hull Street Belmont, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑family residence built in 1918 with two separate apartments; First‑floor unit features a living room, 2 bedrooms, 1 bath, and a spacious eat‑in kitchen; Second‑floor unit includes 2 bedrooms, a bright living room, formal dining room, and eat‑in kitchen
