Updated Two-Family
12-14 Newcastle Road Boston, MA 02135
For Sale
$1,595,000
Updated two-family with two large units, central AC, in-unit laundry, and year-round heated sun rooms.
Property Size4,518 SF
Price / SF$353.03
Days on Market21
Property Features for 12-14 Newcastle Road
General Information
- Standard status
- Active
- Size
- 4,518 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing Agency:
FRAME Residential
(617) 543-3900
Listed By:
Matthew Petty · License #452508574
(617) 543-3900
Source:
Iverty
Added: Jul 7
Changed: Jul 25
Last Checked: Jul 26 at 2:27PM
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 FRAME Residential
Investment Insights
Based on property information with market context.
This updated two-family residence features two distinct units, each with in-unit laundry and a bonus year-round (heated) sun room off the rear. The home includes modernized/renovated kitchens and updated bathrooms, along with fully finished basement space for additional living area.
The property offers four off-street parking spaces and a large fenced backyard with irrigation and a storage shed. Central AC is included, and the home is described as having recently updated interiors throughout.
Unit 12 is currently leased through 8/31/2026, with tenant renewal noted as possible. Unit 14 is planned for delivery vacant, creating flexibility for an owner-occupant or investor with both near-term and longer-term occupancy options.
The property offers four off-street parking spaces and a large fenced backyard with irrigation and a storage shed. Central AC is included, and the home is described as having recently updated interiors throughout.
Unit 12 is currently leased through 8/31/2026, with tenant renewal noted as possible. Unit 14 is planned for delivery vacant, creating flexibility for an owner-occupant or investor with both near-term and longer-term occupancy options.
Key Highlights
- Updated 1910 Philly‑style 2‑family with a 4 bed/2 bath unit and a 5 bed/3 bath unit plus a fully finished basement
- Central AC plus in‑unit laundry in each unit for added convenience
- Each unit includes a bonus year‑round (heated) sun room off the rear
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $170.8k | $37.80 |
| − Vacancy | −$7.7k | −$1.70 |
| EGI | $163.1k | $36.10 |
| − OpEx | −$48.9k | −$10.83 |
| NOI | $114.2k | $25.27 |
4,518 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.43M – $1.90M
NOI $114,167 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,137 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$3.38M
$2.96M – $3.95M
NOI $236,815 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated two-family with two large units, central AC, in-unit laundry, and year-round heated sun rooms.
Where is this duplex located?
The property is located at 12-14 Newcastle Road Boston, MA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Updated 1910 Philly‑style 2‑family with a 4 bed/2 bath unit and a 5 bed/3 bath unit plus a fully finished basement; Central AC plus in‑unit laundry in each unit for added convenience; Each unit includes a bonus year‑round (heated) sun room off the rear
