Gut-Renovated Two-Unit
123 Mount Vernon Street Newton, MA 02465
123 Mount Vernon Street, Newton, MA, 02465
$2,799,000
For Sale
$2,799,000
Two fully renovated units with open layouts, in-unit laundry, separate utilities, and garage parking.
Property Size4,117 SF
Price / SF$679.86
Days on Market130
Property Features for 123 Mount Vernon Street
General Information
- Standard status
- Active
- Size
- 4,117 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2025
Listing agency
Capital Realty Group
Listed by
Michael Lord
(781) 878-2478
Source
Trufantre
Added: Mar 15 Updated: Jul 21 at 7:17PM Checked: Jul 22 at 8:04AM
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 Capital Realty Group
Investment Insights
Based on property information with market context.
Gut-renovated two-unit duplex offering a total of 8 bedrooms and 6.5 bathrooms, designed as two thoughtfully laid out residences. Both units feature open layouts, hardwood floors, and refined finish work throughout, along with chef’s kitchens equipped with Wolf & Subzero appliances, quartz counters, and large islands with substantial cabinet space. Each unit includes in-unit laundry, a lavish primary suite with soaking tub, outdoor space, and separate utilities for independent living.
Located at 123 Mount Vernon Street in Newton, the property sits on a tree-lined street with easy access to major highways, public transportation, restaurants, and shops.
Each unit is configured with 4 bedrooms and 3.5 baths, and both provide garage parking.
Located at 123 Mount Vernon Street in Newton, the property sits on a tree-lined street with easy access to major highways, public transportation, restaurants, and shops.
Each unit is configured with 4 bedrooms and 3.5 baths, and both provide garage parking.
Key Highlights
- Gut‑renovated two‑unit home built in 2025 with open layouts, natural light, hardwood floors, and high‑end finish work
- 8 bedrooms and 6.5 bathrooms total, with each unit featuring 4 bedrooms and 3.5 baths
- Each unit includes a chef’s kitchen with Wolf and Subzero appliances, quartz counters, large islands, and ample cabinet space
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 | $130.9k | $31.80 |
| − Vacancy | −$6.5k | −$1.57 |
| EGI | $124.5k | $30.23 |
| − OpEx | −$37.3k | −$9.07 |
| NOI | $87.1k | $21.16 |
4,117 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $87,117 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.37M
NOI $81,914 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,607 @ 7.0% cap · market cap 6.10%
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 fully renovated units with open layouts, in-unit laundry, separate utilities, and garage parking.
Where is this duplex located?
The property is located at 123 Mount Vernon Street Newton, MA.
What is the asking price?
The asking price for this property is $2,799,000.
What are key features of this property?
This property features: Gut‑renovated two‑unit home built in 2025 with open layouts, natural light, hardwood floors, and high‑end finish work; 8 bedrooms and 6.5 bathrooms total, with each unit featuring 4 bedrooms and 3.5 baths; Each unit includes a chef’s kitchen with Wolf and Subzero appliances, quartz counters, large islands, and ample cabinet space
