23 Centre Ave Belmont — Photo 1 of 38
Recent Drop: $330,000
$2,495,000
Investment Analysis — 23 Centre Ave
Belmont, MA 02478
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02478 carries an estimated $8,420/mo in gross rent — about a 1.73% cap rate and $43,043/yr in estimated NOI at the $2,495,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
4.5
SqFt
5,012
Style
Multi Family
Built
1861
Antique Colonial & separate Carriage House (1869 sqft) that can be used as a rental, home office, in-law or au pair, sited on over 1/2 acre on Belmont Hill and close to vibrant Belmont Center. The main house has been thoughtfully renovated for modern living while keeping its historic charm. Stunning, sun filled open concept chef's kitchen with island, dining area and living room. Relax in the spacious family room or beautiful custom oak paneled study with coffered ceiling, built ins and wood burning fireplace. A half bath with laundry closet and a fabulous mud room complete the 1st floor. 2nd floor includes a primary en suite, three additional bedrooms, two with bay windows, and full bath. Bonus room on the 3rd floor. The carriage house- formerly a blacksmith shop -with garage space for two cars features three bedrooms, two baths, laundry and open concept kitchen and fireplaced living room with cathedral ceiling and access to a large roof top deck with amazing skyline views.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Oven • Dishwasher • Disposal • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Golf
Geography
Property History
$2,495,000
Was $2,650,000
Jun 4, 2026
MLS® 73432922
$2,650,000
Was $2,825,000
Oct 1, 2025
MLS® 73432922
$2,825,000
Sep 18, 2025
MLS® 73432922
$2,495,000
May 28, 2025
MLS® 73381529
Listing Agent: Catherine Tahajian
Listing Office: Coldwell Banker Realty - Belmont
MLS® Number: 73432922