Investment Opportunity! A desirable combination of both enduring charm & classic architecture. Tucked away on a village-like Newton Corner street, this timeless 5 bed, 2 bath 1920’s two-family, seeks your creative vision. Featuring original hardwood floors & wood trim throughout, high ceilings, sun-filled living areas, 2 car garage with additional spaces & private rear porches. Charming bonus nooks with French doors create an inviting atmosphere; perfect for a vintage nursery, an at home office or a year-round sunroom. Also includes an entertaining dining room, eat-in kitchen & full basement. Unbeatable commuter-friendly location connecting all major hubs. Conveniently located within minutes to the Mass Pike, Rtes. 1, 2, 128, Arsenal Yards, boating on the Charles, shops, restaurants, excellent schools & Universities. Ideal for owner occupants, multi generational living or savvy investors seeking strong rental or condo conversion income. Immediate occupancy available. Not to be missed!
This home has been viewed 7 times
Last Checked: May 10th, 2026 at 9:03am (Source: MLS PIN #73515653)
Gross Income: $29,700
Gross Expenses: $9,928
Net Income Calc: $19,772
Annual Expenses for 16-18 Russell Rd, Newton MA 02458
Total Gross Expenses (Calculated)$9,928/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax9928
Annual Income & Unit Breakdown for 16-18 Russell Rd, Newton MA 02458
Total Gross Income (Calculated)$29,700
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseY
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
Rent IncludesHeat
General Information for 16-18 Russell Rd, Newton MA 02458
Listing ID73515653
Property TypeMulti Family
Price999899 ($405.47/SqFt)
StyleMulti Family
CityNewton
CountyMiddlesex
MLS AreaNewton Corner
Neighborhood(s)
Approximate Living Area Total2466
Approximate Lot Size (Acres)0.11
Total Parking6 (2 Garage)
Garage Parking2
Year Built1931
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningMR2
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 16-18 Russell Rd, Newton MA 02458
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsAll Personal Property.
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 16-18 Russell Rd, Newton MA 02458
Real Estate Taxes9928
Tax Year2026
Assessed Value$1,024,600
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 16-18 Russell Rd, Newton MA 02458
High SchoolNewton North High School
Neighborhood(s)
MLS AreaNewton Corner
Area AmenitiesWalk/jog Trails
Contact Information for 16-18 Russell Rd, Newton MA 02458