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Expired

201 Adams St, Newton MA 02458

$849,000

Estimated $1,805.40/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $424,500

Total Rent: 36000/year

Estimated CAP Rate: 3.63%

4 Bedrooms

2 Full, 1 Half Baths

1,630 SqFt

Total Parking: 0

1,500 SqFt

Rarely available opportunity in a convenient Newton location near the Mass Pike, Express Bus, and Commuter Rail! The front apartment (where the brick facade is) is a 2 story 1 bedroom apartment with a kitchen and bathroom. The rear apartment is 3 levels and features 2 bedrooms+office, a large kitchen, and a bathroom. The front apartment was formerly used as a retail storefront and the property is zoned BU2. The front unit has the potential to be modified back into a retail use. There's a lot of development on Adams Street and this location could be terrific for a local business looking to establish a name for themselves in Newton! Both apartments have separately metered utilities. The front apartment is all electric. The rear apartment has oil and gas utilities. This opportunity is perfect for an owner occupant looking to achieve homeownership in Newton's pricey housing market, an investor looking to expand their portfolio, or a business looking for a new location!

This home has been viewed 37 times

Last Checked: May 7th, 2024 at 7:06am (Source: MLS PIN #73076727)

Gross Income: $36,000

Gross Expenses: $5,145

Net Income Calc: $30,855

CAP Rate: 3.63%

Annual Expenses for 201 Adams St, Newton MA 02458

Total Gross Expenses (Calculated)$5,145/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,145

Annual Income & Unit Breakdown for 201 Adams St, Newton MA 02458

Total Gross Income (Calculated)$36,000

Unit 1

Rental Income$1,200

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$1,800

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit3

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 201 Adams St, Newton MA 02458

Listing ID73076727

Property TypeMulti Family

Price$849,000 ($520.86/SqFt)

StyleMulti Family

CityNewton

CountyMiddlesex

MLS AreaNonantum

Neighborhood(s)

Approximate Living Area Total1,630 SqFt

Approximate Lot Size (Acres)0.03 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesLevel

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningBU2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 201 Adams St, Newton MA 02458

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosurePublic Record states the total living area is 1,35

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data SourceNot Available

Total Gross Expenses By Broker$0

Total Gross Income By Broker$36,000

Total Net Income By Broker$36,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5%%

Facilitator Compensation1%%

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 201 Adams St, Newton MA 02458

Real Estate Taxes$5,145

Tax Year2022

Assessed Value$489,100

Financial Data SourceNot Available

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$36,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$36,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.63%

Location Information for 201 Adams St, Newton MA 02458

Elementary SchoolLincoln-Elliot

Middle SchoolBigelow

High SchoolNewton North

Neighborhood(s)

MLS AreaNonantum

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Park, Laundromat, Bike Path, Public Transportation

Contact Information for 201 Adams St, Newton MA 02458

Agent

Name: Jackson Wells

Office

Name: Harvard Real Estate

Phone: 617-243-0770

Team Members

Name: Geoffrey Wells

Phone: 617-968-2002

Payment Calculator

, Interest

Property Taxes 428.75

Principal & Interest 5231.27

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Harvard Real Estate

Jackson Wells

Agent Phone

Office Phone

(617) 243-0770

Text Agent Call Agent Call Office

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[18] => Array
                (
                    [id] => 7529030
                    [name] => MLS19.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73076727&w=1024&h=768&n=19
                    [index] => 19
                    [enabled] => 1
                    [created] => 2024-05-07 07:06:10
                    [modified] => 2024-05-07 07:06:10
                )

[19] => Array
                (
                    [id] => 7529031
                    [name] => MLS20.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73076727&w=1024&h=768&n=20
                    [index] => 20
                    [enabled] => 1
                    [created] => 2024-05-07 07:06:10
                    [modified] => 2024-05-07 07:06:10
                )

[20] => Array
                (
                    [id] => 7529032
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73076727&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 07:06:10
                    [modified] => 2024-05-07 07:06:10
                )

)

)

EXIT