Three-Family Property Requiring
For Sale
$1,700,000
126 Charles St, Newton, MA 02466
Legal three-family configuration with special-permit status and Charles River views.
Property Size4,158 SF
Lot Size0.21 Acres
Price / SF$408.85
Days on Market82
Property Features for 126 Charles St
General Information
Standard status
Active
Size
4,158 SF
Lot size
0.21 Acres
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
Building definitely needs renovation work.
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
CRG Commercial
Listed By:
Thomas Slayton · License #9511592
(617) 212-8104
Source:
Amyliptonrealestate
Added: Aug 5
Changed: Oct 15
Last Checked: Oct 24 at 7:13PM
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 CRG Commercial
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Investment Insights
Based on property information with market context.
Located at 126 Charles St in Newton, this 1900-built residential property contains three family units within 4,158 SF. The existing configuration is legal but non-conforming under a special permit, providing a defined framework for the current use.
The property occupies an 8,960 SF parcel and offers views toward the Charles River. Renovation work is needed, and the existing structure may also be evaluated for removal and replacement with three larger units. The site is approximately one mile from RT 128 and the Mass Pike. An adjoining property at 132 Charles Street is also offered for sale and includes an additional 28,000 SF of land.
The property occupies an 8,960 SF parcel and offers views toward the Charles River. Renovation work is needed, and the existing structure may also be evaluated for removal and replacement with three larger units. The site is approximately one mile from RT 128 and the Mass Pike. An adjoining property at 132 Charles Street is also offered for sale and includes an additional 28,000 SF of land.
Key Highlights
- Three‑family property with legal non‑conforming status under a special permit
- 4,158 SF building on an 8,960 SF parcel
- Built in 1900 and requiring renovation work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,985
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,759,700
$1.8M
Cap Rate 7%
$1,256,929
$1.3M
Cap Rate 9%
$977,611
$977.6K
Market Conditions
NOI Build-Up for 4,158 SF
Gross rent
$132.2K $31.80/SF
− Vacancy
−$6.5K −$1.57/SF
EGI
$125.7K $30.23/SF
− OpEx
−$37.7K −$9.07/SF
NOI
$88.0K $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%
$1,759,700
Cap Rate 7%
$1,256,929
Cap Rate 9%
$977,611
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $87,985 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,730 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,306 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Explore this area
Business Placement
Demographics for 02466, MA
8,434
Population
3,284
Households
2.6
Avg Household Size
37
Median Age
78%
College-Educated
95%
High-School Grad
1.6 sq mi
ZIP Area
5,271
Density / Sq Mi
$170,852
Median Household Income
$82,244
Median Earnings
$2,082
Median Rent
$1,164,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family configuration with special-permit status and Charles River views.
Where is this triplex located?
The property is located at 126 Charles St Newton, MA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Three‑family property with legal non‑conforming status under a special permit; 4,158 SF building on an 8,960 SF parcel; Built in 1900 and requiring renovation work
