198-200 Concord Street Newton — Photo 1 of 24
$1,249,000
Investment Analysis — 198-200 Concord Street
Newton, MA 02462 — Newton Lower Falls
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02462 carries an estimated $6,670/mo in gross rent — about a 4.05% cap rate and $50,634/yr in estimated NOI at the $1,249,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,580
Style
2 Family - 2 Units Side by Side
Built
1830
This early 1800s farmhouse in Newton Lower Falls offers character and potential on a flat, deep 1/4 acre lot in a single-family zone. Currently configured as a side-by-side two-family, the property features classic wood clapboard siding, a fieldstone foundation, high ceilings, a front farmer's porch, and options to maintain rental income, expand, or convert back to a single-family home. The larger right-side unit includes a kitchen, dining room, living room, full bath, and private side porch on the first floor, with three bedrooms and an office upstairs. The second unit offers a main-level kitchen, dining room, living room, full bath, and a second-floor bedroom. Deeded driveway easement rights lead to rear parking and an expansive backyard. Located blocks from village shops, dining, the Charles River, and Lower Falls Community Center, with fast access to the Riverside Green Line, I-95, and the Mass Pike.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Conservation Area
Geography
Listing Agent: Chris Vietor Homes
Listing Office: eXp Realty LLC
MLS® Number: 73555772
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