Excellent opportunity for owner-occupants, or first-time investors to own in one of Newton’s most desirable neighborhoods. 48–50 Carleton Street offers a well-maintained multi-family property with spacious layouts and strong rental income potential, allowing buyers to live in one unit while offsetting their mortgage with rental income. Located on a quiet residential street yet minutes to public transportation, major commuter routes, village centers, shops, restaurants, and top-rated Newton schools. A rare chance to enter the Newton market with flexibility for future appreciation and long-term wealth building. Ideal for buyers looking to house-hack, invest, and grow in a stable, high-demand area.
This home has been viewed 19 times
Last Checked: March 8th, 2026 at 5:28am (Source: MLS PIN #73474278)
Gross Income: $92,640
Gross Expenses: $9,772
Net Income Calc: $82,868
Annual Expenses for 48-50 Carleton Street, Newton MA 02458
Total Gross Expenses (Calculated)$9,772/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax9772
Annual Income & Unit Breakdown for 48-50 Carleton Street, Newton MA 02458
Total Gross Income (Calculated)$92,640
Unit 1
Rental Income$0
LeaseY
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms4
Bathrooms2 Full
Floor2
Levels in Unit2
Rent Includes
General Information for 48-50 Carleton Street, Newton MA 02458
Listing ID73474278
Property TypeMulti Family / 2 Family
Price1375000 ($619.93/SqFt)
Style2 Family - 2 Units Up/down
CityNewton
CountyMiddlesex
Neighborhood(s)
Approximate Living Area Total2218
Approximate Lot Size (Acres)0.08
Total Parking3
Garage Parking0
Year Built1875
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningMR2
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 48-50 Carleton Street, Newton MA 02458
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsTenants Personal Belongings.
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 48-50 Carleton Street, Newton MA 02458
Real Estate Taxes9772
Tax Year2025
Assessed Value$997,100
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 48-50 Carleton Street, Newton MA 02458
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 48-50 Carleton Street, Newton MA 02458