West Newton Two-Family
For Sale
$1,199,000
Pending
105-107 Warwick Rd, Newton, MA 02465
Two-family property in West Newton, convenient location.
Property Size2,480 SF
Days on Market185
Property Features for 105-107 Warwick Rd
General Information
Standard status
Pending
Size
2,480 SF
Property subtype
Multi Family
Building Details
Building Size
2,480 SF
Year Built
1930
Listing Agency:
DeNucci Realty Group, Inc.
Listed By:
Joe DeNucci
(617) 999-0653
Source:
Iverty
Added: Apr 11
Changed: Oct 11
Last Checked: Oct 11 at 7:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DeNucci Realty Group, Inc.
Investment Insights
Based on property information with market context.
This two-family property is situated in the West Newton area. It features one 3-bedroom unit and one 2-bedroom unit. The property includes a basement with potential for expansion. A private backyard is also included. The location provides convenient access to schools, shopping, parks, and public transportation. The units are currently vacant.
Key Highlights
- Great West Newton location
- Two family property
- Potential for condo conversion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,478
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,560
$1.0M
Cap Rate 7%
$749,686
$749.7K
Cap Rate 9%
$583,089
$583.1K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$78.9K $31.80/SF
− Vacancy
−$3.9K −$1.57/SF
EGI
$75.0K $30.23/SF
− OpEx
−$22.5K −$9.07/SF
NOI
$52.5K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,560
Cap Rate 7%
$749,686
Cap Rate 9%
$583,089
Alternative Uses
Best Use
Multifamily LT 5
$749.7K
$656.0K – $874.6K
NOI $52,478 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$704.9K
$616.8K – $822.4K
NOI $49,344 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,771 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,205
Businesses Nearby
Explore this area
Business Placement
Demographics for 02465, MA
12,415
Population
4,452
Households
2.8
Avg Household Size
42
Median Age
78%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
5,643
Density / Sq Mi
$174,518
Median Household Income
$93,021
Median Earnings
$2,251
Median Rent
$1,098,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property in West Newton, convenient location.
Where is this duplex located?
The property is located at 105-107 Warwick Rd Newton, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Great West Newton location; Two family property; Potential for condo conversion
