$1,350,000
PENDING $150K PRICE DROP

Estimated payment $7,456/month

Total Views 2,009
3 Beds
3.5 Baths
3,045 Sq Ft
$443 Price per Sq Ft

Highlights

  • Golf Course Community
  • Medical Services
  • Property is near public transit
  • Lincoln-Eliot Elementary School Rated A
  • Deck
  • 4-minute walk to Pellegrini Park

About This Home

Wow! Fantastic 4 unit investment property situated on a corner lot in desirable Newton neighborhood. This BU2 zoned property consists of three spacious one bedroom residential units and one commercial space. Two of the three apartments are currently rented. The 3rd apartment is freshly painted and ready for a new tenant. The commercial space has a long term tenant that runs a catering business. All of the leases are currently month to month. All units are separately metered and tenants pay their own utilities. Heating systems, electrical panels and roof are in good condition. There is plenty of parking for the building. Walking distance to restaurants, shops, and public transportation. This is a great opportunity! Don't miss out!

Listing Agent

Demeo Realty Group

Coldwell Banker Realty - Newton Listed on: 04/01/2025

Coldwell Banker Realty - Newton

Co-Listing Agent

Dan Demeo

Coldwell Banker Realty - Newton

Co-Listing Agent

Suzanne Demeo

Coldwell Banker Realty - Newton

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 4,180 Sq Ft Lot
  • Near Conservation Area
  • Corner Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,045 Sq Ft Home
  • Property has 1 Level
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 6 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Assessor Parcel Number 683919

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • 4 Units
  • Net Operating Income $69,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1895
  • Levels: 4
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Compensation Offered but Not in MLS
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 4

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bathrooms: 3.5
  • Basement: Full, Partially Finished
  • Above Grade Finished Sq Ft: 3045
  • Living Area: 3045
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 443.35
  • PRICE PER Sq Ft: 443.35

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck - Roof
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 4
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: 683919
  • Zoning: BU2
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4180
  • Lot Size Units: Acres
  • PAGE: 220

Tax Info

  • Tax Year: 2025
  • Tax Book Number: 42344

Multi Family

  • Gross Income: 69600
  • Net Operating Income: 69600
  • Number Of Units Total: 4
  • Total Actual Rent: 5800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 2
  • FLRS 2: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $761,700 $383,200 $378,500
2024 -- $761,700 $383,200 $378,500
2023 $0 $664,500 $383,200 $281,300
2022 $0 $605,700 $383,200 $222,500
2021 $0 $605,700 $383,200 $222,500
2020 $7,459 $582,700 $379,500 $203,200
2019 $0 $560,000 $379,500 $180,500
2018 $6,849 $511,000 $349,000 $162,000
2017 -- $482,100 $329,200 $152,900
2016 -- $450,600 $307,700 $142,900
2015 -- $421,100 $287,600 $133,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 Pending -- -- --
04/17/2025 04/17/25 Price Changed $1,350,000 -10.0% $443 / Sq Ft
04/01/2025 04/01/25 For Sale $1,500,000 -- $493 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Deed $1,325,000 None Available
Deed $1,325,000 None Available
Deed $390,000 --
Deed $390,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 Commercial
Previous Owner $390,000 Commercial
Previous Owner $140,000 Commercial
Source: Public Records

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73352941

MLS Property Information Network (MLS PIN)

APN: NEWT-000014-000014-000028