Two-Family Residential Income
42-44 Choate Belmont, MA 02478
42-44 Choate, Belmont, MA, 02478
$1,300,000
For Sale
$1,300,000
Two-family home with move-in ready Unit 2, plus additional walk-up and attic space for potential expansion.
Property Size3,738 SF
Price / SF$347.78
Days on Market20
Property Features for 42-44 Choate
General Information
- Standard status
- Active
- Size
- 3,738 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1935
Listing agency
Compass
Listed by
The Joyce Team
(617) 262-6200
Source
Cabotandcompany
Added: Jul 2 Updated: Jul 21 at 6:43AM Checked: Jul 21 at 6:43AM
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 Compass
Investment Insights
Based on property information with market context.
This two-family residential income property offers spacious, flexible living arrangements with two separate units. Unit 1 features three bedrooms and two full baths on the first floor, with partially finished lower-level space that can be completed to suit. Unit 2 is move-in ready and includes three bedrooms and one full bath on the second floor, along with a partially finished third level.
Additional expansion opportunities include a walk-up third floor and rear sunroom areas, and approximately 870+ square feet of unfinished attic space that provides room to grow. Outside, there is a private backyard with an in-ground swimming pool and ample parking.
The home is described as being in a highly sought-after area near the Cambridge line, Grove Street Park, and public transportation, supporting convenient access for occupants.
Additional expansion opportunities include a walk-up third floor and rear sunroom areas, and approximately 870+ square feet of unfinished attic space that provides room to grow. Outside, there is a private backyard with an in-ground swimming pool and ample parking.
The home is described as being in a highly sought-after area near the Cambridge line, Grove Street Park, and public transportation, supporting convenient access for occupants.
Key Highlights
- 1935‑built two‑family home with 3,700+ sq ft of finished living space
- Unit 2 is move‑in ready with 3 bedrooms and 1 full bath
- Unit 1 offers 3 bedrooms and 2 full baths, plus partially finished lower‑level space
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 | $118.9k | $31.80 |
| − Vacancy | −$5.9k | −$1.57 |
| EGI | $113.0k | $30.23 |
| − OpEx | −$33.9k | −$9.07 |
| NOI | $79.1k | $21.16 |
3,738 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$988.7K – $1.32M
NOI $79,097 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$1.06M
$929.7K – $1.24M
NOI $74,374 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,902 @ 7.0% cap · market cap 11.92%
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-family home with move-in ready Unit 2, plus additional walk-up and attic space for potential expansion.
Where is this duplex located?
The property is located at 42-44 Choate Belmont, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1935‑built two‑family home with 3,700+ sq ft of finished living space; Unit 2 is move‑in ready with 3 bedrooms and 1 full bath; Unit 1 offers 3 bedrooms and 2 full baths, plus partially finished lower‑level space
