
861 Commonwealth Ave Newton — Photo 1 of 20
$2,195,000
Investment Analysis — 861 Commonwealth Ave
Newton, MA 02459 — Newton Center
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02459 carries an estimated $4,540/mo in gross rent — about a 1.22% cap rate and $26,864/yr in estimated NOI at the $2,195,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,640
Style
Single Family
Built
1913
This lovely Arts & Crafts-style residence, with beautiful original woodwork and architectural details, is conveniently located in Newton Centre on the Carriage Lane. An expansive enclosed front porch opens to a gracious foyer that flows into an oversized living room with a fireplace and a beamed ceiling, and continues into a spacious dining room with built-ins. The renovated eat-in kitchen, appointed with top-of-the-line appliances and custom cabinets, overlooks the lush, level backyard with a patio and an in-ground swimming pool. Also found on the first level are a mudroom and laundry room off the kitchen, a family room/office that could also be used as a guest bedroom, and a renovated full bathroom. An elegant staircase leads to the second level comprised of a wonderful primary bedroom suite with a renovated bathroom. Three other spacious bedrooms, and a renovated bathroom complete this level. Further enhancing this property are gleaming hardwood floors, a porte cochere, a detached two-car garage, gas systems, and easy access to the Mason-Rice School, the “T”, Newton Centre shops and restaurants, and major routes.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,640 sq ft principal dwelling). Lot size: 9,607 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Oven • Dishwasher • Range • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Golf • Medical Facility • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstCloset/Cabinets - Custom Built, Flooring - Hardwood
Kitchen
Lvl FirstFlooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Remodeled
Family Room
Lvl FirstFlooring - Hardwood
Primary Bedroom
Lvl SecondBathroom - Full, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bedroom 4
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Full, Countertops - Stone/Granite/Solid, Remodeled
Bathroom 2
Lvl SecondBathroom - Full, Countertops - Stone/Granite/Solid, Remodeled
Bathroom 3
Lvl ThirdBathroom - Full, Countertops - Stone/Granite/Solid, Remodeled
Listing Agent: Debby Belt
Listing Office: Hammond Residential Real Estate
MLS® Number: 73580639
Open Houses
Related Insights

Newton’s 8,330-Unit Zoning Unlock Isn’t Move-Up Relief

Newton Upper Falls Homes and the Green Line Trade-Off

Newton Move-Up Families and the Buy-Side Trap

Auburndale Space vs. Newton’s ~$1.55M Median

Newton MA Property Tax: Why Assessments Matter

Newton MA Real Estate: Village and Price-Tier Divide

Walkable Newton Neighborhoods: Green Line vs Pike
