Corner-Lot Two-Family
For Sale
$1,450,000
Pending
9 Spruce St, Belmont, MA 02478
Residential Income, Belmont, MA
Property Size2,872 SF
Lot Size0.16 Acres
Days on Market93
Property Features for 9 Spruce St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SC
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 6
Parking
6
Directions
Oak to Spruce or Pine to Spruce
Standard status
Pending
APN
M:05 P:000049 S:,356325
Size
2,872 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16595
Building Details
Year built
1915
Floors in Building
2
Number of units
2
Listing Agency:
REMAX Andrew Realty Services · RE/MAX International
(781) 395-7676
Listed By:
John Veneziano
(617) 840-5499
Added: Jul 14
Changed: Sep 29
Last Checked: Oct 14 at 3:06PM
MLS# 73549260
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1915, this 2,872-square-foot duplex occupies a 0.1588-acre corner lot in Belmont. Each residence includes three bedrooms, hardwood flooring, natural woodwork, architectural detailing, a pantry, in-unit laundry, and a private enclosed back porch. The second-floor home also has a walk-up unfinished attic for storage.
The corner configuration gives each unit access from a different street, creating distinct entrances and added separation between the residences. The property is located at 9 Spruce St in Belmont, near Cushing Square’s restaurants, cafes, and shops, with Oakley Country Club also nearby. Zoning is SC.
The corner configuration gives each unit access from a different street, creating distinct entrances and added separation between the residences. The property is located at 9 Spruce St in Belmont, near Cushing Square’s restaurants, cafes, and shops, with Oakley Country Club also nearby. Zoning is SC.
Key Highlights
- 2,872‑square‑foot duplex on a 0.1588‑acre corner lot
- Each unit includes 3 bedrooms, a pantry, in‑unit laundry, and a private enclosed back porch
- Separate street access provides each residence with its own entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,773
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,215,460
$1.2M
Cap Rate 7%
$868,186
$868.2K
Cap Rate 9%
$675,256
$675.3K
Market Conditions
NOI Build-Up for 2,872 SF
Gross rent
$91.3K $31.80/SF
− Vacancy
−$4.5K −$1.57/SF
EGI
$86.8K $30.23/SF
− OpEx
−$26.0K −$9.07/SF
NOI
$60.8K $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%
$1,215,460
Cap Rate 7%
$868,186
Cap Rate 9%
$675,256
Alternative Uses
Best Use
Multifamily LT 5
$868.2K
$759.7K – $1.01M
NOI $60,773 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$816.3K
$714.3K – $952.4K
NOI $57,143 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,015 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately accessed residences offer three bedrooms, laundry, pantries, hardwood floors, and enclosed back porches.
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 $1,450,000.
What are key features of this property?
This property features: 2,872‑square‑foot duplex on a 0.1588‑acre corner lot; Each unit includes 3 bedrooms, a pantry, in‑unit laundry, and a private enclosed back porch; Separate street access provides each residence with its own entrance
