Renovated Two-Family
For Sale
$2,620,000
17-19 Drew Rd, Belmont, MA 02478
Four-level duplex with updated systems, porches, driveway parking, and EV charging.
Property Size3,990 SF
Days on Market51
Property Features for 17-19 Drew Rd
General Information
Standard status
Active
Size
3,990 SF
Property subtype
Investment
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,353
Amenities
porches
EV chargers
Building Details
Building Size
3,990 SF
Year Built
1926
Buildings
1
Stories
4
Units
2
Listed By:
Rita Chekijian
(617) 285-4652
Source:
Elliman
Added: Sep 10
Changed: Oct 30
Last Checked: Oct 30 at 3:29PM
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 Rita Chekijian
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Investment Insights
Based on property information with market context.
Located at 17-19 Drew Rd in Belmont, this two-family duplex was gut renovated and arranged across four levels. Each residence includes three bedrooms, a primary suite, and an open-concept layout. The finished lower level adds a family room with wet bar, bedroom, and full bath. A mudroom with built-ins provides additional functional space.
Property improvements include new electrical and plumbing systems, multiple porches, new cedar fencing, and an asphalt shingle roof. The large driveway provides on-site parking and includes EV chargers. Built in 1926, the property may support owner-occupancy, investment use, or multigenerational living as described in the source information.
Property improvements include new electrical and plumbing systems, multiple porches, new cedar fencing, and an asphalt shingle roof. The large driveway provides on-site parking and includes EV chargers. Built in 1926, the property may support owner-occupancy, investment use, or multigenerational living as described in the source information.
Key Highlights
- Two‑family duplex with four levels of living space
- Each unit includes three bedrooms, a primary suite, and an open‑concept floor plan
- Finished lower level with family room, wet bar, bedroom, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,430
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,688,600
$1.7M
Cap Rate 7%
$1,206,143
$1.2M
Cap Rate 9%
$938,111
$938.1K
Market Conditions
NOI Build-Up for 3,990 SF
Gross rent
$126.9K $31.80/SF
− Vacancy
−$6.3K −$1.57/SF
EGI
$120.6K $30.23/SF
− OpEx
−$36.2K −$9.07/SF
NOI
$84.4K $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 Rate 5%
$1,688,600
Cap Rate 7%
$1,206,143
Cap Rate 9%
$938,111
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,430 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$1.13M
$992.4K – $1.32M
NOI $79,388 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,345 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
865
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?
Duplex - Four-level duplex with updated systems, porches, driveway parking, and EV charging.
Where is this duplex located?
The property is located at 17-19 Drew Rd Belmont, MA.
What is the asking price?
The asking price for this property is $2,620,000.
What are key features of this property?
This property features: Two‑family duplex with four levels of living space; Each unit includes three bedrooms, a primary suite, and an open‑concept floor plan; Finished lower level with family room, wet bar, bedroom, and full bath
