Duplex with Two-Car
3-5 Jeanette Avenue, Belmont, MA 02478
For Sale
New
$1,299,000
Both residences include two bedrooms, a full bath, and an eat-in kitchen.
Property Size2,588 SF
Price / SF$501.93
Days on Market6
Property Features for 3-5 Jeanette Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty - Belmont
Listed By:
Lori Orchanian · License #9503798
(617) 413-6770
Source:
Jmulkerinrealty
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 6:51AM
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 Coldwell Banker Realty - Belmont
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Investment Insights
Based on property information with market context.
This 2,588-square-foot duplex, built in 1927, contains two residences. Each has a living room, formal dining room, sunroom or den, two bedrooms, a full bathroom, and an eat-in kitchen. The upper residence also has a full, unfinished walk-up attic. One unit is vacant. Outdoor features include a level backyard, a two-car garage, and a double-width driveway.
The property is directly across from the entrance to Pequossette Park and is near public transportation, shops, and restaurants.
The property is directly across from the entrance to Pequossette Park and is near public transportation, shops, and restaurants.
Key Highlights
- 2,588‑square‑foot duplex built in 1927
- Two residences, each with two bedrooms and an eat‑in kitchen
- Upper unit includes a full, unfinished walk‑up attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,763
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,260
$1.1M
Cap Rate 7%
$782,329
$782.3K
Cap Rate 9%
$608,478
$608.5K
Market Conditions
NOI Build-Up for 2,588 SF
Gross rent
$82.3K $31.80/SF
− Vacancy
−$4.1K −$1.57/SF
EGI
$78.2K $30.23/SF
− OpEx
−$23.5K −$9.07/SF
NOI
$54.8K $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%
$1,095,260
Cap Rate 7%
$782,329
Cap Rate 9%
$608,478
Alternative Uses
Best Use
Multifamily LT 5
$782.3K
$684.5K – $912.7K
NOI $54,763 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$735.6K
$643.7K – $858.2K
NOI $51,492 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,246 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
876
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
$1,108,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Middlesex County, MA
Properties on Market for Duplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two bedrooms, a full bath, and an eat-in kitchen.
Where is this duplex located?
The property is located at 3-5 Jeanette Avenue 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: 2,588‑square‑foot duplex built in 1927; Two residences, each with two bedrooms and an eat‑in kitchen; Upper unit includes a full, unfinished walk‑up attic
