
23 Walnut St #23 Belmont — Photo 1 of 30
$895,000
Investment Analysis — 23 Walnut St #23
Belmont, MA 02478 — Waverley
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 2.65% cap rate and $23,752/yr in estimated NOI at the $895,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,058
Style
Condominium
Built
1927
Tucked into Belmont’s lively Waverley Square neighborhood, this spacious 3-bedroom, 3-bath duplex offers the kind of room to spread out—inside and out—that’s hard to find in condo living. With 2,058 sq. ft. of finished space, including 1,683 sq. ft. on the main level plus a 375 sq. ft. lower level, the home has an easy, comfortable flow. Sunlight fills the expansive living room, where hardwood floors, original built-ins and French doors add warmth and character and open directly onto an oversized private deck. The kitchen connects to a bright dining area through a charming pass-through pantry, creating a natural flow for everyday meals and entertaining, while the dining area opens directly to the deck and yard beyond. Three bedrooms are located on the main level, including a generous primary suite with an updated private bath, while two additional updated baths and in-unit laundry make everyday living easy. Downstairs, the finished lower level offers valuable bonus space for a family room, home office, gym or guest area. The large deck overlooks an expansive shared yard with mature plantings, while a shared storage shed provides space for bikes, gardening gear and more. Amenities include two off-street parking spaces with an EV charger, a pet-friendly association, newer roof and terrific storage. All just steps to terrific shopping, Tatte Bakery, Pequossette Park and soccer field and the Waverley MBTA stop and bus line into Harvard Square.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First11 x 15
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl Main,First13 x 11
Flooring - Hardwood, French Doors, Exterior Access
Kitchen
Lvl Main,First23 x 12
Flooring - Stone/Ceramic Tile, Window(s) - Picture
Family Room
Lvl Basement16 x 20
Flooring - Stone/Ceramic Tile
Primary Bedroom
Lvl Main,First11 x 21
Bathroom - Full, Closet, Flooring - Hardwood
Bedroom 2
Lvl Main,First11 x 12
Bedroom 3
Lvl Main,First15 x 7
Closet, Flooring - Hardwood
Bathroom 1
Lvl First5 x 9
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl First5 x 6
Bathroom - Full, Bathroom - Tiled With Shower Stall, Pedestal Sink
Bathroom 3
Lvl Basement6 x 7
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Max Dublin Team
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73581680