9 Spruce St Belmont, MA 02478
MULTI_FAMILY - Belmont, MA
Property Features for 9 Spruce St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- SC
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 1
- Parking
- 6
- Standard status
- Active
- 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 agent John Veneziano (781) 395-7676
Listing office REMAX Andrew Realty Services 9 Main St., Medford, MA (781) 395-7676
Listing date Jul 14, 2026
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Investment Insights
Based on property information with market context.
Set on a corner lot, each unit can be accessed from a different street, giving the homes a more distinct, single-family feel with added privacy. The property is located near Cushing Square’s restaurants, cafes, and shops, and is minutes from Oakley Country Club.
With two complete, self-contained units and enclosed outdoor space for each, the property is well suited for an owner seeking rental income or for an owner-occupant looking for flexibility.
Key Highlights
- Two‑family home built in 1915
- Each unit features 3 bedrooms and 1 bathroom (total: 6 bedrooms, 2 bathrooms)
- Both units include a pantry, in‑unit laundry, and a private enclosed back porch
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 |
