Active
28 Days on market
166-168 East Side Pkwy Newton — Photo 1 of 38

166-168 East Side Pkwy Newton — Photo 1 of 38

$1,495,000

Investment Analysis — 166-168 East Side Pkwy

Newton, MA 02458 — Newtonville

Based on rent reported on the MLS listing, a 2-unit multi-family in 02458 carries $2,800/mo in gross rent — about a 0.84% cap rate and $12,569/yr in estimated NOI at the $1,495,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

2

SqFt

2,810

Style

2 Family - 2 Units Up/Down

Built

1927

This sun drenched brick two family home sits directly on Cabot Park and features incredible sunset views overlooking Cabot Elementary School, the baseball diamonds, tennis courts and dog park at the Newtonville Ave end. Seller upgrades include 93.3% high efficiency Navien boilers with on demand hot water for each unit, Harvey replacement windows throughout, upgraded 200 amps of power into the house, replaced 2 baths and 1 kitchen and added a large rear sunroom to each unit. The 2nd floor unit features a gorgeous kitchen with southern sun exposure, quartz counters, stainless steel appliances and tons of attractive cabinetry and plenty of counter prep space. The kitchen flows into the large sunroom with a ductless mini-split system for heat & A/C that overlooks the back yard and 2 car garage. The 3rd BR could also serve as a home office, with access to the front porch for fresh air & sunsets. The first floor features a newer step in shower, and the rear family room beyond the kitchen with plenty of windows to keep everyone smiling. Plenty of additional driveway parking and some rear yard space with good garden sun. Who needs an oversized yard when just across the street are over 11 acres of Cabot Park land, all maintained by City of Newton. Let the city cut the grass, fertilize, landscape and pay taxes on the land, while you enjoy bocci, tennis, basketball, soccer, football, and League baseball. There are also two swing areas, school-age play equipment, and a fenced pre-school play area in addition to a fenced, off-leash dog recreation area. Walk into the increasingly vibrant Newtonville Sq to enjoy great food & cafes. Great commuter rail and express bus access, as well as Whole Foods, Trader Joe's and the Mass Pike to almost anywhere. You won't want to miss this one!

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

Original Price$1,495,000
Annual Taxes$12,967

Parking

Garage2
Off-Street5

Interior Specifications

Total Rooms13
FireplacesNone
FlooringTile, Varies, Hardwood, Stone/Ceramic Tile
BasementFull, Interior Entry, Bulkhead, Sump Pump, Concrete, Unfinished

Climate & Utilities

HeatingHot Water, Natural Gas, Unit Control
CoolingNone, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick
RoofShingle
FoundationConcrete Perimeter
ZoningMR1

Property & Lot

Acres0.15
SqFt Lot6,737
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Range Hood • Microwave • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Listing Provided By

Listing Agent: Ed Lyon

Listing Office: Preservation Properties

MLS® Number: 73560427