$1,730,000
SOLD NOV 8, 2024
10 Beds
5.5 Baths
4,598 Sq Ft
7,108 Sq Ft Lot

Recently Sold

$376 Per Sq Ft

14% Below List Price

151 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Level Lot
  • Property is near public transit
  • Shops
  • 4-minute walk to McKenna Playground

About This Home

As of November 2024

Presenting 176-178 Newton Street, this turnkey, stabilized property consists of 5 residential apartments including (2) 1 bedroom/1 bathroom units, (1) 2 bedroom / 1 bathroom unit, (1) 3 bedroom / 1 bathroom unit, and (1) 3 bedroom / 1.5 bathroom unit w/ private basement. Three units have been substantially updated in recent years including updated kitchens, bathrooms, flooring, and electronic keypad access. Additional building improvements include full repointing of fieldstone foundation, upgraded gas service by National Grid with installation of (5) new unit gas meters, installation of (4) Viessmann and Lochinvar combination boilers, new coin-op laundry services, (2) upgraded electric panels, and upgraded common areas. There is plenty of on-site parking including 8 off-street parking spaces for residents. An ideal investment or 1031 exchange opportunity in a rapidly growing Boston suburb.

Last Agent to Sell the Property

Candor Realty Group

Four Points Real Estate, LLC Listed on: 04/18/2024

Co-Listed By

Todd Wheatley

Four Points Real Estate, LLC

Last Buyer's Agent

Scott Kleekamp

Scott Kleekamp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,755

Year Built

  • Built in 1900

Lot Details

  • 7,108 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,598 Sq Ft Home
  • Insulated Windows
  • Wood Flooring
  • Unfinished Basement

Bedrooms and Bathrooms

  • 10 Bedrooms

Parking

  • 8 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 5 Heating Zones
  • 100 Amp Service

Listing and Financial Details

  • Total Actual Rent $12,277
  • Legal Lot and Block 0007 / 066
  • Assessor Parcel Number 840109

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Building Details

  • Operating Expense $35,692
  • Net Operating Income $108,667

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,755

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Compensation Offered but Not in MLS
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 8

Interior Features

  • Flooring: Hardwood
  • Fireplace YN: No
  • Total Bedrooms: 10
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 6
  • Total Bathrooms: 5.5
  • Basement: Unfinished
  • Living Area: 4598
  • Spa YN: No
  • Stories Total: 8
  • Window Features: Insulated Windows
  • MAIN LO: AN5498
  • LIST PRICE PER Sq Ft: 391.47
  • PRICE PER Sq Ft: 376.25
  • MAIN SO: AN1551

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Assigned, Driveway, Paved
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Electric: Circuit Breakers, 100 Amp Service, Other (See Remarks)
  • Water Source: Public
  • HEAT UNITS: 5
  • HEAT ZONES: 5
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: 840109
  • Zoning: C
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 7108
  • Lot Size Units: Acres
  • PAGE: 110
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 13755
  • Tax Block: 066
  • Tax Book Number: 74560
  • Tax Lot: 0007
  • Tax Map Number: 070

Multi Family

  • Gross Income: 143359
  • Net Operating Income: 108667
  • Number Of Units Total: 5
  • Operating Expense: 35692
  • Total Actual Rent: 12277
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 2
  • LEVELS 3: 2
  • LEASE 4: N
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 1
  • FLRS 2: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2024 11/08/24 Sold $1,730,000 -3.9% $376 / Sq Ft
09/17/2024 09/17/24 Pending -- -- --
09/16/2024 09/16/24 Price Changed $1,800,000 -2.7% $391 / Sq Ft
08/13/2024 08/13/24 Price Changed $1,850,000 -2.6% $402 / Sq Ft
06/11/2024 06/11/24 Price Changed $1,900,000 -5.0% $413 / Sq Ft
04/18/2024 04/18/24 For Sale $2,000,000 -- $435 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73225884

MLS Property Information Network (MLS PIN)

APN: WALT M:070 B:006 L:0007