Two-Family Home with
For Sale
$1,299,000
Pending
155 White St, Belmont, MA 02478
Two-unit residence offers distinct living areas, private porches, backyard space, and off-street parking.
Property Size2,829 SF
Days on Market12
Property Features for 155 White St
General Information
Standard status
Pending
Size
2,829 SF
Property subtype
2 Family - 2 Units Up/Down
Taxes and HOA fees
Annual Taxes
$15,239
Amenities
fireplace
sun room
in-unit laundry
private outside access
updated kitchen
Building Details
Building Size
2,829 SF
Year Built
1925
Listing Agency:
Leading Edge Real Estate
Listed By:
Anne Mahon · License #9519432
(617) 484-1900
Source:
Donnellyandco
Added: Sep 16
Changed: Sep 26
Last Checked: Sep 26 at 1:52PM
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.
Built in 1925, this lead-compliant duplex provides two independent residences arranged across four levels. The first unit includes a living room with fireplace, formal dining room, sun room, two bedrooms, kitchen, bathroom, and a lower-level family room, office, and additional bathroom. The second unit features an updated kitchen, walk-in pantry, open dining and living areas with fireplace, two bedrooms, full bathroom, front sun room, and an upper-level family room with cathedral ceilings and another bedroom.
Property features include hardwood floors, gas heating, vinyl windows, separate back porches, a balcony, a large backyard, a long driveway, and a two-car garage. Lead compliance is documented through 1998 testing. Butler Elementary School and its park/playground are directly across the street, while Waverley Square shops, the Purple Line commuter rail, and the 73 bus at Waverley Station are nearby.
Property features include hardwood floors, gas heating, vinyl windows, separate back porches, a balcony, a large backyard, a long driveway, and a two-car garage. Lead compliance is documented through 1998 testing. Butler Elementary School and its park/playground are directly across the street, while Waverley Square shops, the Purple Line commuter rail, and the 73 bus at Waverley Station are nearby.
Key Highlights
- Two independent residential units spanning four floors of living space
- Lead‑compliant status supported by 1998 testing
- Two‑car garage plus a long driveway for off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,863
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,197,260
$1.2M
Cap Rate 7%
$855,186
$855.2K
Cap Rate 9%
$665,144
$665.1K
Market Conditions
NOI Build-Up for 2,829 SF
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.
Gross rent
$90.0K $31.80/SF
− Vacancy
−$4.4K −$1.57/SF
EGI
$85.5K $30.23/SF
− OpEx
−$25.7K −$9.07/SF
NOI
$59.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,197,260
Cap Rate 7%
$855,186
Cap Rate 9%
$665,144
Alternative Uses
Best Use
Multifamily LT 5
$855.2K
$748.3K – $997.7K
NOI $59,863 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$804.1K
$703.6K – $938.1K
NOI $56,288 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.67M
$1.47M – $1.95M
NOI $117,233 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
843
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residence offers distinct living areas, private porches, backyard space, and off-street parking.
Where is this duplex located?
The property is located at 155 White St Belmont, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two independent residential units spanning four floors of living space; Lead‑compliant status supported by 1998 testing; Two‑car garage plus a long driveway for off‑street parking
