Updated Two-Family
For Sale
$1,545,000
Pending
12-14 Newcastle Road, Boston, MA 02135
Updated two-family with two large units, central AC, in-unit laundry, and year-round heated sun rooms.
Property Size4,518 SF
Days on Market98
Property Features for 12-14 Newcastle Road
General Information
Standard status
Pending
Size
4,518 SF
Total Parking Spaces
4
Property subtype
Multifamily
Site & Location
Neighborhood
Brighton
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$16,877
Amenities
central AC
laundry in each unit
modern/renovated kitchens
updated baths
bonus year-round (heated) sun room
large fenced backyard with irrigation & storage shed
Building Details
Building Size
4,518 SF
Year Built
1910
Listing Agency:
FRAME Residential
Listed By:
Matthew Petty
(617) 543-3900
Source:
Classifiedrealtygroup
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 28 at 5:19AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$114,167
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,283,340
$2.3M
Cap Rate 7%
$1,630,957
$1.6M
Cap Rate 9%
$1,268,522
$1.3M
Market Conditions
NOI Build-Up for 4,518 SF
Gross rent
$170.8K $37.80/SF
− Vacancy
−$7.7K −$1.70/SF
EGI
$163.1K $36.10/SF
− OpEx
−$48.9K −$10.83/SF
NOI
$114.2K $25.27/SF
Area
Boston, MA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,283,340
Cap Rate 7%
$1,630,957
Cap Rate 9%
$1,268,522
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.43M – $1.90M
NOI $114,167 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,137 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$3.38M
$2.96M – $3.95M
NOI $236,815 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
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Business Placement
Demographics for 02135, MA
47,232
Population
22,519
Households
2.1
Avg Household Size
29
Median Age
71%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
18,166
Density / Sq Mi
$88,208
Median Household Income
$57,124
Median Earnings
$2,179
Median Rent
$684,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 $1,545,000.
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
