Incredible two-family opportunity in Newton! Ideal for investors or owner-occupants, this property features separate front and side entrances, individual utilities, and a private yard, perfect for multi-generational living, rental income, or potential condo conversion. Enjoy...
This home has been viewed 16 times
Last Checked: July 4th, 2025 at 5:13am (Source: MLS PIN #73391676)
Gross Income: $67,200
Gross Expenses: $10,508
Net Income Calc: $56,692
CAP Rate: 4.82%
Annual Expenses for 18-20 Melbourne Ave, Newton MA 02460
Total Gross Expenses (Calculated)$10,508/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$10,508
Annual Income & Unit Breakdown for 18-20 Melbourne Ave, Newton MA 02460
Total Gross Income (Calculated)$67,200
Unit 1
Rental Income$2,800
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(none), Unit 2(none)
Unit 2
Rental Income$2,800
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(none), Unit 2(none)
General Information for 18-20 Melbourne Ave, Newton MA 02460
Listing ID73391676
Property TypeMulti Family / 2 Family
Price$1,175,000 ($451.92/SqFt)
Style2 Family - 2 Units Up/down
CityNewton
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,600 SqFt
Approximate Lot Size (Acres)0.15 acres
Total Parking6 (2 Garage)
Garage Parking2 / Detached
Year Built1920
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesOther
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor SpaceDeck
ZoningMR1
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 18-20 Melbourne Ave, Newton MA 02460
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$67,200
Total Net Income By Broker$67,200
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 18-20 Melbourne Ave, Newton MA 02460
Real Estate Taxes$10,508
Tax Year2025
Assessed Value$1,072,200
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$67,200
BostonRealEstate.com Gross Income
Total Net Income By Broker$67,200
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)4.82%
Location Information for 18-20 Melbourne Ave, Newton MA 02460
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, Shopping, Public Transportation
Contact Information for 18-20 Melbourne Ave, Newton MA 02460