Two-Family Residential Income
49-51 Harding Avenue Belmont, MA 02478
49-51 Harding Avenue, Belmont, MA, 02478
$1,400,000
For Sale
$1,400,000
Two-family home with updated kitchens, hardwood floors, a walk-out basement, and multiple garage and off-street parking spaces.
Property Size2,751 SF
Price / SF$508.91
Days on Market60
Property Features for 49-51 Harding Avenue
General Information
- Standard status
- Active
- Size
- 2,751 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1929
Listing agency
Berkshire Hathaway HomeServices Commonwealth Real Estate
Listed by
The Toland Team
(508) 287-2695
Source
Demakis
Added: May 23 Updated: Jul 20 at 6:55PM Checked: Jul 20 at 6:55PM
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 Berkshire Hathaway HomeServices Commonwealth Real Estate
Investment Insights
Based on property information with market context.
49–51 Harding Ave is a spacious Belmont two-family set on a side street just outside Cushing Square. The property features classic 1929 character throughout, hardwood floors, and updated windows. Unit 1 offers two bedrooms, a tiled full bath, and an updated eat-in kitchen with white cabinetry, stainless steel appliances, and good storage.
Unit 2 spans the second and third floors and includes three bedrooms, 1.5 baths, a dining room, an oversized living room, a front sunroom, a rear screened porch, and office space. Its updated kitchen includes white cabinets, quartz counters, stainless steel appliances, and generous storage. Outdoor areas include a rear deck with built-in seating plus covered and enclosed porch spaces.
A full walk-out basement adds additional functionality, and parking is supported by two garage spaces and two additional off-street spaces. The property is located close to the 73 bus line, providing access toward Harvard Square, shopping, parks, and Belmont schools.
Unit 2 spans the second and third floors and includes three bedrooms, 1.5 baths, a dining room, an oversized living room, a front sunroom, a rear screened porch, and office space. Its updated kitchen includes white cabinets, quartz counters, stainless steel appliances, and generous storage. Outdoor areas include a rear deck with built-in seating plus covered and enclosed porch spaces.
A full walk-out basement adds additional functionality, and parking is supported by two garage spaces and two additional off-street spaces. The property is located close to the 73 bus line, providing access toward Harvard Square, shopping, parks, and Belmont schools.
Key Highlights
- Belmont two‑family home built in 1929 with 13 total rooms and hardwood floors
- Unit 1: 2 bedrooms, tiled full bath, and updated eat‑in kitchen with white cabinetry and stainless steel appliances
- Unit 2: second and third floors with 3 bedrooms, 1.5 baths, dining room, oversized living room, front sunroom, rear screened porch, and office 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 | $87.5k | $31.80 |
| − Vacancy | −$4.3k | −$1.57 |
| EGI | $83.2k | $30.23 |
| − OpEx | −$24.9k | −$9.07 |
| NOI | $58.2k | $21.16 |
2,751 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$831.6K
$727.7K – $970.2K
NOI $58,212 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$781.9K
$684.2K – $912.3K
NOI $54,736 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,001 @ 7.0% cap · market cap 8.14%
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 updated kitchens, hardwood floors, a walk-out basement, and multiple garage and off-street parking spaces.
Where is this duplex located?
The property is located at 49-51 Harding Avenue Belmont, MA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Belmont two‑family home built in 1929 with 13 total rooms and hardwood floors; Unit 1: 2 bedrooms, tiled full bath, and updated eat‑in kitchen with white cabinetry and stainless steel appliances; Unit 2: second and third floors with 3 bedrooms, 1.5 baths, dining room, oversized living room, front sunroom, rear screened porch, and office space
