Two-Family Home with Corner
9 Spruce St Belmont, MA 02478
New
9 Spruce St, Belmont, MA, 02478
$1,599,000
For Sale
$1,599,000
Two separate units each offer 3 bedrooms, in-unit laundry, and private enclosed back porches on a corner lot.
Property Size2,872 SF
Price / SF$556.75
Days on Market4
Property Features for 9 Spruce St
General Information
- Standard status
- Active
- Size
- 2,872 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1915
Listing Agency
REMAX Andrew Realty Services
(781) 956-6862
Listed by
McTague Realty Group
(781) 956-6862
Source
Iverty
Added: Jul 14 Checked: Jul 17 at 2:55 am
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 REMAX Andrew Realty Services
Investment Insights
Based on property information with market context.
This character-filled two-family home features two spacious units, each with 3 bedrooms, beautiful hardwood floors, and period-inspired natural woodwork and architectural details. Both units include a pantry and in-unit laundry, along with a private enclosed back porch. The property is set on a corner lot, with each unit accessed from a different street, giving each home a more distinct, single-family feel with added separation.
The second-floor unit also includes a walk-up unfinished attic that can provide additional storage or potential for future expansion. The property is located in Belmont, described as being near Cushing Square and close to Oakley Country Club.
For buyers seeking a residential income property with two self-contained living spaces and practical on-site storage, the layout offers functional interior amenities across both units, plus an unfinished attic in the upper unit.
The second-floor unit also includes a walk-up unfinished attic that can provide additional storage or potential for future expansion. The property is located in Belmont, described as being near Cushing Square and close to Oakley Country Club.
For buyers seeking a residential income property with two self-contained living spaces and practical on-site storage, the layout offers functional interior amenities across both units, plus an unfinished attic in the upper unit.
Key Highlights
- Two‑family home built in 1915 with character and timeless architectural details
- Each unit has 3 bedrooms with hardwood floors and natural woodwork
- Both units include in‑unit laundry and a pantry
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 | $91.3k | $31.80 |
| − Vacancy | −$4.5k | −$1.57 |
| EGI | $86.8k | $30.23 |
| − OpEx | −$26.0k | −$9.07 |
| NOI | $60.8k | $21.16 |
2,872 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$868.2K
$759.7K – $1.01M
NOI $60,773 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$816.3K
$714.3K – $952.4K
NOI $57,143 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,015 @ 7.0% cap · market cap 7.44%
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 separate units each offer 3 bedrooms, in-unit laundry, and private enclosed back porches on a corner lot.
Where is this duplex located?
The property is located at 9 Spruce St Belmont, MA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Two‑family home built in 1915 with character and timeless architectural details; Each unit has 3 bedrooms with hardwood floors and natural woodwork; Both units include in‑unit laundry and a pantry
