Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Canceled

105 Concord Avenue, Belmont MA 02478

$969,000

Estimated $2,239.15/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $323,000

Total Rent: 39900/year

Estimated CAP Rate: 3.29%

4 Bedrooms

2 Full, 1 Half Baths

2,138 SqFt

Total Parking: 5

4,474 SqFt

Desirable and rare mixed use property featuring two rental residential apartments and one highly visible commercial space. Property located near new Belmont High School and Clay Pit Pond, while walkable to Fresh Pond in Cambridge and Belmont Center. Commercial space is vacant and consists of about 250SF, eleven foot ceiling, has gas heat, half bathroom, and large picture window facing Concord Avenue. Both rental units are rented to longer term tenants, TAW leases, have hardwood floors, first floor heated by oil, second floor heated by gas, and both rents are well below market value.Seller to replace stove in second floor unit. There is ample off street parking in the rear of the building as well as daily on street parking. Property needs some updating but overall offers a strong long term investment property in a very desirable town and location. Offers, if any, due Monday 25th by 4:00.

This home has been viewed 77 times

Last Checked: February 21st, 2025 at 5:19am (Source: MLS PIN #73313923)

Gross Income: $39,900

Gross Expenses: $8,015

Net Income Calc: $31,885

CAP Rate: 3.29%

Annual Expenses for 105 Concord Avenue, Belmont MA 02478

Total Gross Expenses (Calculated)$8,015/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,015

Annual Income & Unit Breakdown for 105 Concord Avenue, Belmont MA 02478

Total Gross Income (Calculated)$39,900

Unit 1

Rental Income$1,625

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$1,700

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 3

Rental Income$0

Lease

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 105 Concord Avenue, Belmont MA 02478

Listing ID73313923

Property TypeMulti Family / 3 Family

Price$969,000 ($453.23/SqFt)

Style3 Family

CityBelmont

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,138 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking5

Garage Parking

Year Built1927

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area999

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 105 Concord Avenue, Belmont MA 02478

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureResidential rental units have estimated 1900SF, co

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$38,400

Total Net Income By Broker$38,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.00%

Facilitator Compensation1.00%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 105 Concord Avenue, Belmont MA 02478

Real Estate Taxes$8,015

Tax Year2024

Assessed Value$759,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$38,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$38,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.29%

Location Information for 105 Concord Avenue, Belmont MA 02478

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 105 Concord Avenue, Belmont MA 02478

Agent

Name: Thomas Scanlan

Office

Name: Middlesex Residential Properties

Phone: 617-817-0742

Payment Calculator

, Interest

Property Taxes 667.92

Principal & Interest 5970.67

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Middlesex Residential Properties

Thomas Scanlan

Agent Phone

Office Phone

(617) 817-0742

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.1 acres (4,474 SqFt)
    [add_date] => 2024-11-20 09:28:47
    [address] => Concord Avenue
    [agent] => Array
        (
            [address] => 25 Knowles Road
            [city] => Watertown
            [id] => BB900930
            [name] => Thomas Scanlan
            [national_association] => 449001038
            [office] => AN0884
            [state] => MA
            [zip] => 02472
        )

[apod_available] => Array
        (
            [0] => No
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 2,138 SqFt
    [approx_lot_size_acres] => 0.1 acres
    [approx_lot_size_sqft] => 4,474 SqFt
    [assessed_value] => $759,000
    [association] => No
    [association_fee] => Array
        (
            [0] => $0
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [basement] => Array
        (
        )

[bathrooms] => 2 Full, 1 Half
    [bedrooms] => 4
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 105 Concord Avenue Belmont
    [building_id] => 
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2.00%
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
            [0] => 3 Family
        )

[c_type] => Multi Family
    [cap_rate] => 3.29%
    [city] => Belmont
    [community_features] => Array
        (
        )

[compensation_based_on] => Array
        (
            [0] => Net Sale Price
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
        )

[construction_status] => 
    [cooling] => No
    [cooperating_agent_commission] => Array
        (
        )

[county] => Middlesex
    [cultivation_acres] => None
    [date_available_note] => 
    [deposit_amount] => Array
        (
            [0] => $0
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => Desirable and rare mixed use property featuring two rental residential apartments and one highly visible commercial space. Property located near new Belmont High School and Clay Pit Pond, while walkable to Fresh Pond in Cambridge and Belmont Center.  Commercial space is vacant and consists of about 250SF, eleven foot ceiling, has gas heat, half bathroom, and large picture window facing Concord Avenue. Both rental units are rented to longer term tenants, TAW leases, have hardwood floors, first floor heated by oil, second floor heated by gas, and both rents are well below market value.Seller to replace stove in second floor unit.  There is ample off street parking in the rear of the building as well as daily on street parking. Property needs some updating but overall offers a strong long term investment property in a very desirable town and location.  Offers, if any, due Monday 25th by 4:00.
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
        )

[electric_expense] => Array
        (
            [0] => $0
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => Array
        (
        )

[entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 1.00%
    [fee_paid_by_tennant] => Contact Agent
    [financial_data_source] => Array
        (
        )

[fireplaces] => Array
        (
            [0] => 0
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => No
    [foundation_area] => 999
    [foundation_materials] => Array
        (
            [0] => Stone
        )

[frontage_length] => 
    [full_baths] => 2
    [garage_parking] => 
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
            [0] => $0
        )

[gross_income] => Array
        (
            [0] => $38,400
        )

[half_baths] => 1
    [handicap_access] => No
    [heating] => Yes
    [heating_expense] => Array
        (
            [0] => $0
        )

[high_school] => 
    [horse_features] => Array
        (
        )

[horse_permitted] => No
    [hot_water] => Array
        (
        )

[id] => 566363
    [insurance_expense] => Array
        (
            [0] => $0
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2025-02-21 05:19:09
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => 
    [levels_in_unit] => 1
    [living_area] => 2,138 Sq. Ft.
    [living_area_disclosure] => Array
        (
            [0] => Residential rental units have estimated 1900SF, co
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
        )

[management_expense] => Array
        (
            [0] => $0
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[mls_area] => 
    [mls_id] => 73313923
    [neighborhoods] => Array
        (
        )

[net_income_calc] => 31885
    [net_operating_income] => Array
        (
            [0] => $38,400
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 3
    [office] => Array
        (
            [id] => AN0884
            [name] => Middlesex Residential Properties
            [phone] => 617-817-0742
        )

[operating_expense] => Array
        (
            [0] => $0
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
        )

[phone] => 617-817-0742
    [pool_features] => Array
        (
        )

[price] => $969,000
    [price_per_sqft] => 453.23
    [price_per_unit] => 323000
    [private_pool] => No
    [property_sub_type] => Array
        (
            [0] => 3 Family
        )

[real_estate_tax] => $8,015
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
            [0] => Unit 1(water)
            [1] => Unit 2(water)
        )

[repair_maintenance_expense] => Array
        (
            [0] => $0
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 10
    [senior_community] => No
    [sewer] => Array
        (
        )

[sewer_expense] => Array
        (
            [0] => $0
        )

[short_sale] => 
    [special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Canceled
        )

[street_number] => 105
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 
    [tax_year] => 2024
    [team] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => None
    [title_5] => 
    [total_gross_expense] => 8015
    [total_gross_income] => 39900
    [total_parking] => 5
    [trash_expense] => Array
        (
            [0] => $0
        )

[uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 2
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
            [0] => 1625
        )

[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 2
    [unit_2_floor] => 2
    [unit_2_lease] => Array
        (
            [0] => N
        )

[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
            [0] => 1700
        )

[unit_3_bathrooms] => 1 Half
    [unit_3_bedrooms] => 0
    [unit_3_floor] => 1
    [unit_3_lease] => Array
        (
        )

[unit_3_levels] => 1
    [unit_3_rent] => Array
        (
            [0] => 0
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => Array
        (
            [0] => 105 Concord Avenue, Belmont MA 02478
        )

[utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
        )

[water_expense] => Array
        (
            [0] => $0
        )

[water_views] => Array
        (
        )

[water_views_features] => Array
        (
        )

[waterfront] => No
    [waterfront_features] => Array
        (
        )

[year_built] => 1927
    [year_built_details] => Actual
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 02478
    [zoning] => R
    [zoning_details] => 
    [media] => Array
        (
            [0] => Array
                (
                    [id] => 72889812
                    [name] => MLS1.jpg
                    [type] => gallery
                    [category] => image
                    [url] => https://www.bostonrealestate.com/wp-content/uploads/WPL/566363/MLS1.jpg
                    [index] => 1
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:09
                    [modified] => 2025-02-21 05:19:09
                )

[1] => Array
                (
                    [id] => 72889902
                    [name] => MLS2.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=2
                    [index] => 2
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[2] => Array
                (
                    [id] => 72889903
                    [name] => MLS3.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=3
                    [index] => 3
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[3] => Array
                (
                    [id] => 72889904
                    [name] => MLS4.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=4
                    [index] => 4
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[4] => Array
                (
                    [id] => 72889905
                    [name] => MLS5.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=5
                    [index] => 5
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[5] => Array
                (
                    [id] => 72889906
                    [name] => MLS6.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=6
                    [index] => 6
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[6] => Array
                (
                    [id] => 72889907
                    [name] => MLS7.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=7
                    [index] => 7
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[7] => Array
                (
                    [id] => 72889908
                    [name] => MLS8.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=8
                    [index] => 8
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[8] => Array
                (
                    [id] => 72889909
                    [name] => MLS9.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=9
                    [index] => 9
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[9] => Array
                (
                    [id] => 72889910
                    [name] => MLS10.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=10
                    [index] => 10
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[10] => Array
                (
                    [id] => 72889911
                    [name] => MLS11.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=11
                    [index] => 11
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[11] => Array
                (
                    [id] => 72889912
                    [name] => MLS12.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=12
                    [index] => 12
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[12] => Array
                (
                    [id] => 72889913
                    [name] => MLS13.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=13
                    [index] => 13
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[13] => Array
                (
                    [id] => 72889914
                    [name] => MLS14.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=14
                    [index] => 14
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[14] => Array
                (
                    [id] => 72889915
                    [name] => MLS15.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=15
                    [index] => 15
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[15] => Array
                (
                    [id] => 72889916
                    [name] => MLS16.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=16
                    [index] => 16
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[16] => Array
                (
                    [id] => 72889917
                    [name] => MLS17.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=17
                    [index] => 17
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[17] => Array
                (
                    [id] => 72889918
                    [name] => MLS18.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=18
                    [index] => 18
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[18] => Array
                (
                    [id] => 72889919
                    [name] => MLS19.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=19
                    [index] => 19
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[19] => Array
                (
                    [id] => 72889920
                    [name] => MLS20.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=20
                    [index] => 20
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

[20] => Array
                (
                    [id] => 72889921
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73313923&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2025-02-21 05:19:10
                    [modified] => 2025-02-21 05:19:10
                )

)

)

EXIT

Canceled

105 Concord Avenue, Belmont MA 02478

$969,000

Annual Expenses for 105 Concord Avenue, Belmont MA 02478

Annual Income & Unit Breakdown for 105 Concord Avenue, Belmont MA 02478

General Information for 105 Concord Avenue, Belmont MA 02478

Disclosures for 105 Concord Avenue, Belmont MA 02478

Financial Information for 105 Concord Avenue, Belmont MA 02478

Location Information for 105 Concord Avenue, Belmont MA 02478

Contact Information for 105 Concord Avenue, Belmont MA 02478

Agent

Office

Payment Calculator

Exclusive Listing Agent

Middlesex Residential Properties

Thomas Scanlan