Active
57 Days on market
987-989 Boylston Street Newton — Photo 1 of 31

987-989 Boylston Street Newton — Photo 1 of 31

Recent Drop: $80,000

$1,628,000
$1,548,000

$1,548,000

Investment Analysis — 987-989 Boylston Street

Newton, MA 02461

Based on rent reported on the MLS listing, a 2-unit multi-family in 02461 carries $3,177/mo in gross rent — about a 1.15% cap rate and $17,840/yr in estimated NOI at the $1,548,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

7

Baths

3

SqFt

2,726

Style

2 Family - 2 Units Up/Down

Built

1912

Price Reduced by $80,000! Rare opportunity to own a spacious two-family home in the highly desirable Newton Highlands/Chestnut Hill area, offering an exceptional combination of location, convenience, and investment potential. Ideally situated directly across from the prestigious Longwood Cricket Club, this property is just a 10-minute walk to Eliot Station on the MBTA Green Line, providing easy access to Boston and surrounding communities. Enjoy the best of Newton living with close proximity to Newton Centre, Brookline, Boston College, Chestnut Hill Mall, fine dining, shopping, parks, and everyday amenities, all within reach. Located in the renowned Newton public school system, this property is perfect for investors, owner occupants, 1031 exchange buyers, or multi-generational living. Both units offer two levels of living space with excellent flexibility. Unit #987 is occupied by a long-term tenant, providing immediate rental income, while Unit #989 features a spacious townhouse-style layout with 5 bedrooms, 2 full bathrooms, charming front porches, and can be delivered vacant for owner occupancy or market-rate rental opportunities. Recent improvements include new front-facing windows for the second-floor unit and two new hot water heaters installed in July 2026. The property also features separate utilities and systems for each unit, plus six off-street parking spaces, a rare convenience in this sought-after Newton neighborhood. With its prime location near transportation, top-rated schools, premier shopping, and vibrant community amenities, this exceptional two-family residence offers outstanding value and long-term potential. Don’t miss this opportunity to own a versatile property in one of the most desirable areas of Newton, now offered at an incredible value following an $80,000 price reduction.

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$1,628,000
Annual Taxes$11,134

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms12
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationGranite
Zoningresident

Property & Lot

Acres0.1
SqFt Lot4,500
Lot Features--

Neighborhood

Public Transportation • Shopping • Highway Access • T-Station

Geography

Property History

Price Drop
$1,548,000

Was $1,628,000

Aug 6, 2026

MLS® 73546584

Listed
$1,628,000

Jul 8, 2026

MLS® 73546584

Listing Provided By

Listing Agent: Winner Yam Mcdonald

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73546584