38 Raleigh Rd Belmont — Photo 1 of 11
$839,500
Investment Analysis — 38 Raleigh Rd
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 2.81% cap rate and $23,575/yr in estimated NOI at the $839,500 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,370
Style
Single Family
Built
1920
Well located historical home in need of updating. This Craftsman Bungalow is being sold "As Is". On the plus side it sits on a corner lot with 2 car garage. The home is surrounded by well kept homes in significantly higher price points. Short walk to vibrant Cushing Square. The convenience is tough to beat. See Historical Narrative attachment.
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: 685 sq ft (the lesser of 900 sq ft or half the 1,370 sq ft principal dwelling). Lot size: 5,400 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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First26 x 16
Flooring - Hardwood
Dining Room
Lvl First15 x 15
Flooring - Hardwood
Kitchen
Lvl First14 x 11
Flooring - Hardwood
Primary Bedroom
Lvl Second11 x 11
Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Second11 x 11
Bedroom 3
Lvl Third11 x 9
Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Tiled With Tub & Shower
Listing Agent: Jim Mcgue
Listing Office: GRANITE GROUP REALTORS®
MLS® Number: 73582707
