$2,175,000
Investment Analysis — 54 Elizabeth Rd
Belmont, MA 02478
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02478 carries an estimated $4,420/mo in gross rent — about a 0.88% cap rate and $19,224/yr in estimated NOI at the $2,175,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,762
Style
Single Family
Built
1934
This palatial 4+ bed, 2-full/2-half bath home sits on a very desirable quiet street atop a hill with seasonal views of the Boston skyline from the roof deck. This lovely home also has a gorgeously landscaped lot with a tiered-garden and has the added convenience of a 2-car garage. As soon as you approach the house, you are greeted by a stunningly-landscaped environmentally-friendly yard with a stately fieldstone retaining wall. Inside, enter the Grand Foyer and to the right is a sprawling living room which features a fireplace, custom-built bookshelves & cabinets which line the main and back walls. The living room has warm, custom lighting features, and a bright adjacent sunroom. To the left of the foyer, enter the dining room with its built-in china cabinet and French doors that expose the magnificent eat-in kitchen which features Stainless Steel Appliances and a mini-split for additional heating and cooling for the chef. Sliding-glass doors to a Trex deck steps down to a stone-laid patio with ample space for outdoor dining. FIRST FLOOR BEDROOM with an adjacent bath can be a convenient guest room or office. Upstairs we have a magnificently large primary bedroom with FOUR closets and a renovated ensuite bath with a walk-in shower. Then two more large bedrooms and a 4th room which can be an office or nursery, and a renovated family bath. The 3rd floor, accessible by staircase, offers plenty of space storage and houses the A/C system.The lower level has 2 full-door, walk-out access, a finished room with fireplace, mini-split, half bath, laundry, and wine rm & additional storage rooms. A renovated two-car garage has a side staircase up to the ROOFTOP DECK that allows for outdoor entertaining or sitting with a drink to admire the seasonal views of the Boston skyline. A heated driveway melts winter ice for those who don't like salting. This home is located near the reservoir, Payson Park (free summer concerts), freshly renovated Grove St Park (tennis, basketball, baseball, soccer, playground and walking paths), the loved Burbank Elementary School, loads of shopping and dining options, food & public trans via bus to Harvard Sq (red line) and Commuter Rail (purple line) that runs to Porter Sq and North Station. Belmont is home to a NEW High School (recently voted a top school in the country in national journals), library, ice rink, and two beautiful public pools on Concord Ave. Sweet proximately to Boston and Cambridge makes commutes a dream about this home.
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: 900 sq ft (the lesser of 900 sq ft or half the 2,762 sq ft principal dwelling). Lot size: 8,085 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.
Immersive Experience
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13.583333333 x 26.833333333
Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors, Exterior Access, Recessed Lighting, Lighting - Overhead
Dining Room
Lvl First13.75 x 13.25
Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors
Kitchen
Lvl First15 x 12.75
Flooring - Stone/Ceramic Tile, Dining Area, Balcony / Deck, Countertops - Stone/Granite/Solid, French Doors, Deck - Exterior, Exterior Access, Recessed Lighting, Remodeled, Slider, Stainless Steel Appliances, Gas Stove
Family Room
Lvl Basement15.833333333 x 13
Flooring - Vinyl, Exterior Access, Recessed Lighting, Lighting - Overhead
Master Bedroom
Lvl Second21.916666666 x 13.5
Bathroom - 3/4, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl First9.833333333 x 8.916666666
Bedroom 3
Lvl Second13.25 x 13.083333333
Closet, Flooring - Hardwood
Bedroom 4
Lvl Second13.25 x 11.916666666
Closet, Flooring - Hardwood
Bedroom 5
Lvl Second9.083333333 x 8.916666666
Flooring - Hardwood, Attic Access, Lighting - Overhead
Bathroom 1
Lvl First7.083333333 x 3.25
Bathroom - Half, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Bathroom 2
Lvl Second8.916666666 x 5.666666666
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Bathroom 3
Lvl Second8.333333333 x 5.666666666
Bathroom - Full, Bathroom - Tiled With Shower Stall, Lighting - Overhead
Listing Agent: Anne Mahon
Listing Office: Leading Edge Real Estate
MLS® Number: 73574359
