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101 Central Ave, Newton MA 02460

$1,850,000

Estimated $4,147.19/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $925,000

Total Rent: 76500/year

Estimated CAP Rate: 2.43%

9 Bedrooms

5 Full, 1 Half Baths

4,700 SqFt

Total Parking: 6 (2 Garage)

8,375 SqFt

Come view this spacious, 4,700 s.f. Newtonville 2 unit multi-family, and see how well it can work for you! Smart alternative to a single family, Unit 1 rental income pays a nice amount of the mortgage. Owner's unit (Unit 2) has approx 2,550 sf, 5 BR and 2.5 BA, with a flexible floor plan, comfortable kitchen with new countertops & backsplash and in-unit laundry. Can also work well for multi-generational living. Unit 1 has 4 BR, 3 BA and is leased through 5/31/25. Both units have separate fenced private yard space. Equidistant to FA Day & Newton North. This home features solar panels, an electric vehicle charging port in the garage, and an excellent location that is convenient to everything - commuter roadways, commuter rail, bus service, Whole Foods and a variety of shops and restaurants. This property has always enjoyed an excellent rental history, Both units have Matterport tours. First floor unit is shown only on second showings.

This home has been viewed 51 times

Last Checked: December 4th, 2024 at 5:19am (Source: MLS PIN #73260493)

Gross Income: $76,500

Gross Expenses: $31,611

Net Income Calc: $44,889

CAP Rate: 2.43%

Annual Expenses for 101 Central Ave, Newton MA 02460

Total Gross Expenses (Calculated)$31,611/year

APOD AvailableYes

Heating

Electricity$6,761

Water$3,150

Gas$3,150

Insurance

Sewer$3,150

Trash Removal

Repair & Maintenance

Management

Miscellaneous$1,591

Real Estate Tax$13,769

Annual Income & Unit Breakdown for 101 Central Ave, Newton MA 02460

Total Gross Income (Calculated)$76,500

Unit 1

Rental Income$6,375

LeaseY

Bedrooms4

Bathrooms3 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesHot Water, Electric, Gas, Water, Unit 1(heat, Unit 2(heat, Other (see Remarks))

Unit 2

Rental Income$0

LeaseN

Bedrooms5

Bathrooms2 Full, 1 Half

Floor2

Levels in Unit2

HeatingYes

Rent IncludesHot Water, Electric, Gas, Water, Unit 1(heat, Unit 2(heat, Other (see Remarks))

General Information for 101 Central Ave, Newton MA 02460

Listing ID73260493

Property TypeMulti Family / 2 Family

Price$1,850,000 ($393.62/SqFt)

Style2 Family - 2 Units Up/down

CityNewton

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total4,700 SqFt

Approximate Lot Size (Acres)0.19 acres

Total Parking6 (2 Garage)

Garage Parking2 / Detached

Year Built1854

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area

Foundation DescriptionConcrete Perimeter,Stone,Irregular

Accessible Features

Outdoor Space

ZoningMR1

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesSolar

Terms

Disclosures for 101 Central Ave, Newton MA 02460

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureFireplace is decorative, not in use.

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$17,842

Total Gross Income By Broker$76,500

Total Net Income By Broker$76,500

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 101 Central Ave, Newton MA 02460

Real Estate Taxes$13,769

Tax Year2024

Assessed Value$1,410,800

Financial Data SourceOwner

Total Gross Expenses By Broker$17,842

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$76,500

BostonRealEstate.com Gross Income

Total Net Income By Broker$76,500

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.43%

Location Information for 101 Central Ave, Newton MA 02460

Elementary SchoolHorace Mann

Middle SchoolF A Day

High SchoolNewton North

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, T-station, Pool, Tennis Court(s), University, Other

Contact Information for 101 Central Ave, Newton MA 02460

Agent

Name: Stig Bergquist

Office

Name: Keller Williams Realty

Phone: 617-969-9000

Payment Calculator

, Interest

Property Taxes 1147.42

Principal & Interest 11399.11

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty

Stig Bergquist

Agent Phone

Office Phone

(617) 969-9000

Text Agent Call Agent Call Office

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EXIT