Mixed-Use Portfolio with Retail and
For Sale
$2,900,000
171 Belmont St, Belmont, MA 02478
Adjacent residential and commercial buildings combine housing, office, and retail space under Belmont zoning designations.
Property Size2,696 SF
Lot Size0.19 Acres
Price / SF$1,075
Days on Market48
Property Features for 171 Belmont St
General Information
Standard status
Active
Size
2,696 SF
Lot size
0.19 Acres
Property subtype
Commercial
Zoning
1-A and MZOD4
Taxes and HOA fees
Annual Taxes
$11,743
Building Details
Year Built
1930
Buildings
2
Listing Agency:
(413) 333-7776
Listed By:
Albert Bouchie
Source:
Ma-cthomes
Added: Sep 8
Changed: Oct 19
Last Checked: Oct 24 at 1:25PM
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 Albert Bouchie
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Investment Insights
Based on property information with market context.
This mixed-use offering includes two adjoining buildings sold together as one portfolio. The improvements comprise a three-family residential property and a separate three-unit building configured for retail and office use. Together, the buildings provide 6,363 square feet of combined living, office, and retail area on an 8,180-square-foot lot. The properties were built in 1930 and are located at 5 Marlboro St and 171–173 Belmont St in Belmont, Massachusetts.
The site falls within the Town of Belmont’s 1-A and MZOD4 designations under MBTA 3A zoning. Its blend of residential and commercial improvements creates a varied existing configuration for ownership, leasing, or future repositioning consistent with applicable zoning.
The site falls within the Town of Belmont’s 1-A and MZOD4 designations under MBTA 3A zoning. Its blend of residential and commercial improvements creates a varied existing configuration for ownership, leasing, or future repositioning consistent with applicable zoning.
Key Highlights
- Portfolio sale includes a three‑family residential building and a separate three‑unit retail/office building
- 6,363 SF of combined living, office, and retail area
- 8,180 sq ft lot serving the adjoining properties
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,545
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,710,900
$1.7M
Cap Rate 7%
$1,222,071
$1.2M
Cap Rate 9%
$950,500
$950.5K
Market Conditions
NOI Build-Up for 2,696 SF
Gross rent
$146.2K $54.24/SF
− Vacancy
−$32.2K −$11.93/SF
EGI
$114.1K $42.31/SF
− OpEx
−$28.5K −$10.58/SF
NOI
$85.5K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,710,900
Cap Rate 7%
$1,222,071
Cap Rate 9%
$950,500
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.43M
NOI $85,545 @ 7.0% cap · market cap 2.95%
Second Best
Multifamily LT 5
$815.0K
$713.1K – $950.8K
NOI $57,048 @ 7.0% cap · market cap 1.97%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,722 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Adjacent residential and commercial buildings combine housing, office, and retail space under Belmont zoning designations.
Where is this mixed-use property located?
The property is located at 171 Belmont St Belmont, MA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Portfolio sale includes a three‑family residential building and a separate three‑unit retail/office building; 6,363 SF of combined living, office, and retail area; 8,180 sq ft lot serving the adjoining properties
