Three-Unit Residential
126 Charles Street AUB Newton, MA 02466
126 Charles Street AUB, Newton, MA, 02466
$1,700,000
For Sale
$1,700,000
Existing three-family building on a large parcel needs renovation and includes a Charles River view.
Property Size4,158 SF
Lot Size0.21 Acres
Price / SF$408.85
Days on Market165
Property Features for 126 Charles Street AUB
General Information
- Standard status
- Active
- Size
- 4,158 SF
- Lot size
- 0.21 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
CRG Commercial
Listed by
Thomas Slayton
(617) 846-8000
Source
Highlandre
Added: Feb 6 Updated: Jul 21 at 3:00AM Checked: Jul 21 at 3:00AM
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
Investment Insights
Based on property information with market context.
This offering presents an existing, legal three-family home on a large parcel of land at 126 Charles Street. The property is described as non-conforming with a special permit and is expected to require significant renovation work. The remarks also suggest that a complete teardown and rebuild of three large units may be considered based on the building’s condition.
The location is noted as providing a view of the Charles River. It is also reported to be about one mile from Route 128 and the Mass Pike.
In addition, the property next door at 132 Charles Street is also available for sale, which the remarks state would add approximately 28,000 SF of land to the combined opportunity.
The location is noted as providing a view of the Charles River. It is also reported to be about one mile from Route 128 and the Mass Pike.
In addition, the property next door at 132 Charles Street is also available for sale, which the remarks state would add approximately 28,000 SF of land to the combined opportunity.
Key Highlights
- Existing legal three‑family home (non‑conforming with special permit) built in 1900
- Large 8,960 SF land parcel in Auburndale (Newton), MA
- Charles River view
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 | $132.2k | $31.80 |
| − Vacancy | −$6.5k | −$1.57 |
| EGI | $125.7k | $30.23 |
| − OpEx | −$37.7k | −$9.07 |
| NOI | $88.0k | $21.16 |
4,158 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Existing three-family building on a large parcel needs renovation and includes a Charles River view.
Where is this triplex located?
The property is located at 126 Charles Street AUB 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: Existing legal three‑family home (non‑conforming with special permit) built in 1900; Large 8,960 SF land parcel in Auburndale (Newton), MA; Charles River view
