About this home
FOR SALE BELMONT-MARLBORO ST PORTFOLIOGibson Commercial presents a 2 property Portfolio consisting of multifamily (3 units) and commercial retail /office property (3 units). Property is being sold as a portfolio and not individually. These abutting properties are located at 5 Marlboro St ( MLS #) & 171-173 Belmont St ( MLS#) in Belmont, Ma. This portfolio offers a combined 6,363 Sf area in place of combined living/office/ retail area, situated on an 8,180 sq ft lot. The versatile configuration includes a 3-family residential building and a 3-unit retail/office building, providing dynamic investment potential . The properties are abutting and sit in the new 1-A and MZOD4 in the new MBTA 3A zoning as outlined by Town of Belmont. This zoning allows for a multiple possibilities for potential repositioning or expansion. Situated in the sought-after Belmont -Cambridge area, this property has short- and long-term potential for growth due to below market rents and the as of right aspects provided in the new zoning designation. This site is perfect for residential reposition. This strategic location offers an attractive project for astute investors and developers looking to make a statement in the thriving Belmont real estate market, which is encouraging housing development.
Listing last checked: Listing updated:
Listed by Albert Bouchie · Gibson CRE · MLS #73572651
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Details at a glance
Interior1 property facts
- Basement
- Not reported
Building3 property facts
- Style
- Other
- Year built
- 1930
- Roof
- Rubber
Land & utilities3 property facts
- Lot size
- 0.07 acres
- Pool
- Not reported
- Zoning
- MOZ4
Financial2 property facts
- Annual taxes
- $11,743
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $2,900,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$15,643 / monthAdjust
- Principal & interest
- $14,664
- Property tax
- $979
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $11,743. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 171 Belmont St
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