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278 Cabot Street, Newton MA 02460

$1,395,000

Estimated $3,259.91/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $697,500

Total Rent: 103200/year

Estimated CAP Rate: 6.54%

5 Bedrooms

3 Full Baths

2,948 SqFt

Total Parking: 6

5,000 SqFt

Outstanding investment opportunity in a very convenient Newton location! This updated 2-family features two 2 bedroom-1 bath apartments + an in-law apartment in the attic. Both units feature classic layouts with a spacious living room, formal dining room, & a large kitchen. The attic has 1 bedroom, a good sized living room, and a kitchen+full bath. The property has separately metered gas boilers that were installed in 2010, 2 100 amp electrical panels, 2 water meters, and 2 separate driveways. The apartments also features private outdoor space, bonus rooms, fireplaces, and a shared backyard. The location is unbeatable since you're walking distance to Cabot Elementary, Newton North, the Commuter Rail, and all the shops, restaurants, & parks that Newtonville has to offer. This location is a commuter's dream with easy access to the Mass Pike, Storrow Drive, and public transportation. Whether you're an investor, an owner occupant, or a developer - 278 Cabot Street is a must see!

This home has been viewed 11 times

Last Checked: June 10th, 2025 at 6:23am (Source: MLS PIN #73386620)

Gross Income: $103,200

Gross Expenses: $11,975

Net Income Calc: $91,225

CAP Rate: 6.54%

Annual Expenses for 278 Cabot Street, Newton MA 02460

Total Gross Expenses (Calculated)$11,975/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$11,975

Annual Income & Unit Breakdown for 278 Cabot Street, Newton MA 02460

Total Gross Income (Calculated)$103,200

Unit 1

Rental Income$3,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$3,200

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 278 Cabot Street, Newton MA 02460

Listing ID73386620

Property TypeMulti Family

Price$1,395,000 ($473.2/SqFt)

StyleMulti Family

CityNewton

CountyMiddlesex

MLS AreaNewtonville

Neighborhood(s)

Approximate Living Area Total2,948 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking6

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningMR1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 278 Cabot Street, Newton MA 02460

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureTotal living area=2,348 square feet, we estimate t

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$103,200

Total Net Income By Broker$103,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnCompensation Offered But Not In Mls

Financial Information for 278 Cabot Street, Newton MA 02460

Real Estate Taxes$11,975

Tax Year2025

Assessed Value$1,221,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$103,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$103,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.54%

Location Information for 278 Cabot Street, Newton MA 02460

Elementary SchoolCabot

Middle SchoolBigelow/Day

High SchoolNewton North

Neighborhood(s)

MLS AreaNewtonville

Area Amenities

Contact Information for 278 Cabot Street, Newton MA 02460

Agent

Name: Jackson Wells

MLS ID: CN242227

Office ID: BB9983

Address: 39 Newtonville Avenue

City: Newton

State: MA

Zip: 02458

Office

Name: Harvard Real Estate

MLS Office ID: BB9983

Phone: 617-243-0770

Team Members

Name: Geoffrey Wells

MLS ID: BB600114

Office ID: BB9983

National Association ID: 449501947

Phone: 617-968-2002

City: Newton Center

State: MA

Payment Calculator

, Interest

Property Taxes 997.92

Principal & Interest 8595.55

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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                )

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                )

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EXIT