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227-229 Tremont St Newton — Photo 1 of 38

227-229 Tremont St Newton — Photo 1 of 38

$1,195,000

Investment Analysis — 227-229 Tremont St

Newton, MA 02458 — Newton Corner

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02458 carries an estimated $6,260/mo in gross rent — about a 3.87% cap rate and $46,264/yr in estimated NOI at the $1,195,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

2,796

Style

2 Family - 2 Units Up/Down

Built

1905

Classic two family home that has been well maintained and preserved by the long term owner occupant. The exterior is in terrific condition and has great curb appeal, including the professionally landscaped front yard with mature plantings. Wide brick entry steps with portico greet your guests. Each unit contains 1398sf of living space with many warm natural wood molding details, which are great low maintenance items that never need painting. Both apartments consist of a large living room with wood burning fireplace and many south facing windows that let the sun stream in. There is a lovely sunroom off the living room, as well as a large formal dining room with 3 large windows. Walk through a quaint, oversized butlers pantry to an eat in kitchen. Both kitchens and baths are ready for your TLC and personal choice additions. Both bedrooms are generously sized and are separated by the bath. A rear porch overlooks a small fenced yard, and there are back stairs to the basement, which has a great poured concrete foundation and high ceilings for lots of storage or potential living space additions. The attic is full of insulation and offers some storage potential. Both boilers are 10 year old steam radiators by natural gas, with gas fired hot water tanks and gas cooking. Outside there is a long, wide driveway with a two car garage at the end.

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$1,195,000
Annual Taxes$10,827

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms12
Fireplaces2
FlooringTile, Vinyl, Varies, Hardwood, Stone/Ceramic Tile
BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingSteam, Natural Gas, Hot Water
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningMR1

Property & Lot

Acres0.11
SqFt Lot5,000
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Range Hood

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: 73569139