Active
4 Days on market
33 Underwood St Belmont — Photo 1 of 26

33 Underwood St Belmont — Photo 1 of 26

$1,195,000

Investment Analysis — 33 Underwood St

Belmont, MA 02478

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02478 carries an estimated $4,000/mo in gross rent — about a 1.96% cap rate and $23,438/yr in estimated NOI at the $1,195,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,526

Style

Single Family

Built

1940

Spacious three bedroom, one and half bathroom in a great unbeatable location! Directly across from Clay Pit Pond with beautiful water front views! Very unique for Belmont! Steps away from public transportation, the Middle School, the High School, the town pool, library, Cambridge line and Belmont Center! Features include well maintained landscaped private yard, walk up attic, partially finished basement, recently updated heating and hot water system, irrigation system, outdoor storage shed, updated windows and roof, etc. Lots of room for expansion between attic and basement! A must see!!!! Open Houses 9/12 and 9/13, 11am-1pm.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 763 sq ft (the lesser of 900 sq ft or half the 1,526 sq ft principal dwelling). Lot size: 5,800 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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 MLS and other third-party data may be inaccurate or out of date.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.

Open Houses

Property Details

Financials

Original Price$1,195,000
Annual Taxes$13,042

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms7
FireplacesNone
FlooringWood
BasementFull, Partially Finished

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningR

Property & Lot

Acres0.13
SqFt Lot5,800
Lot Features--

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Pool • Park • Walk/Jog Trails • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Family Room
Lvl First
Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bathroom 1
Lvl First
Bathroom 2
Lvl Second
Listing Provided By

Listing Agent: Samir Baghdady

Listing Office: Cedar Crest Realty

MLS® Number: 73573919