Two-Unit Residential Income
12-14 Nottingham Street Newton, MA 02459
12-14 Nottingham Street, Newton, MA, 02459
$1,395,000
For Sale
$1,395,000
Two stacked units each feature living and dining rooms, two bedrooms, and kitchens and baths suitable for updating.
Property Size2,844 SF
Price / SF$490.51
Days on Market106
Property Features for 12-14 Nottingham Street
General Information
- Standard status
- Active
- Size
- 2,844 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Preservation Properties
Listed by
Ed Lyon
(617) 236-0711
Source
Campionre
Added: Apr 7 Updated: Jul 21 at 1:01AM Checked: Jul 21 at 7:25AM
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 Preservation Properties
Investment Insights
Based on property information with market context.
This classic two-family residence is configured as stacked units, with each floor offering a generous living room, a formal dining room with beamed ceilings and a china cabinet, and a wide entry hall. Each unit includes two bedrooms, one of which has a 5' x 9' walk-in closet or a small work space. Kitchens and baths are described as older but workable, with updates presented as an option. Hardwood floors and natural sunlight are noted, and a huge, open basement provides additional flexibility for potential uses.
The property is positioned on a quiet side street in Newton and is described as within a walk to Ward Street offerings, including houses of worship, restaurants, and shops, along with access to the Green Line T and the Newton Centre Playground. It is also stated to fall within the Ward, Bigelow & North school districts.
The listing also notes that a related two-family property at 539-541 Comm Ave. abuts this asset and may be purchased together or separately, depending on the buyer’s preference.
The property is positioned on a quiet side street in Newton and is described as within a walk to Ward Street offerings, including houses of worship, restaurants, and shops, along with access to the Green Line T and the Newton Centre Playground. It is also stated to fall within the Ward, Bigelow & North school districts.
The listing also notes that a related two-family property at 539-541 Comm Ave. abuts this asset and may be purchased together or separately, depending on the buyer’s preference.
Key Highlights
- Classic 2‑family home built in 1920 with “stacked” unit layout
- Each floor features a living room, formal dining room, 2 bedrooms, and a kitchen
- Formal dining rooms include beamed ceilings and a china cabinet
Local 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 | $90.4k | $31.80 |
| − Vacancy | −$4.5k | −$1.57 |
| EGI | $86.0k | $30.23 |
| − OpEx | −$25.8k | −$9.07 |
| NOI | $60.2k | $21.16 |
2,844 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$859.7K
$752.3K – $1.00M
NOI $60,180 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$808.4K
$707.3K – $943.1K
NOI $56,586 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,855 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two stacked units each feature living and dining rooms, two bedrooms, and kitchens and baths suitable for updating.
Where is this duplex located?
The property is located at 12-14 Nottingham Street Newton, MA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Classic 2‑family home built in 1920 with “stacked” unit layout; Each floor features a living room, formal dining room, 2 bedrooms, and a kitchen; Formal dining rooms include beamed ceilings and a china cabinet
