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53-55 Falmouth St

Belmont, MA 02478
$1,370,000
5 Beds
2 Baths
2,590 Living Area
  • Property Description
    Attention investors and owner occupants who wants to live in one unit and rent another unit to help with mortgage payments. Great investment opportunity to own corner lot two family house with fantastic commuting location and short distance to Cambridge. The 1st level has two bedrooms, renovated bath, eat-in kitchen, dining room, sunroom, and fire-placed living room with natural woodwork. The 2nd floor unit has the same layout and an additional 3rd floor bedroom. Refinished hardwood floors throughout. Detached two-car garage plus additional 2 off-street parking. Both units were recently converted to gas heat. Multiple recent upgrades. The sale includes the architectural plans for potential 3rd floor expansion. This property offers immediate rental income and fantastic long-term investment opportunity in a sought-after location.
  • Highlights
    • Cooling: Window Unit(s), Wall Unit(s)
    • Parking Spots: 2
    • Property Type: 2 Family - 2 Units Up/Down
    • Year Built: 1926
    • Heating: Natural Gas
    • Property Class: Residential Income
    • Total Rooms: 13
    • Status: Closed
  • Additional Details
    • Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
    • Fireplaces: 2
    • Foundation: Block
    • Lot Features: Corner Lot
    • Year Built Details: Actual
    • Zoning: R
    • Basement: Full, Walk-Out Access, Interior Entry
    • Flooring: Hardwood
    • Interior Features: Ceiling Fan(s), Pantry, Bathroom With Tub, Living Room, Dining Room, Kitchen, Sunroom
    • Total Number of Units: 2
    • Year Built Source: Public Records
  • Amenities
    • Covered Parking Spaces: 2
    • Parking Features: Off Street
  • Utilities
    • Sewer: Public Sewer
    • Water Source: Public
  • Fees / Taxes
    • Assessed Value: $1,117,000
    • Compensation Based On: Net Sale Price
    • Tax Year: 2024
    • Total Rent: $6,100
    • Buyer Agent Compensation: 2.5%
    • Rental Fee Includes: Unit 1(Water), Unit 2(Water)
    • Taxes: $11,796

Location

53-55 Falmouth St, Belmont, MA 02478

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Phoenix Real Estate. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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