Side-by-Side
New
For Sale
$5,000,000
129 Jewett St, Newton, MA 02458
Two residences feature private backyards, two-car garages, and open-concept living areas with substantial room for daily living.
Property Size9,600 SF
Price / SF$520.83
Days on Market2
Property Features for 129 Jewett St
General Information
Standard status
Active
Size
9,600 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Zoning
MR1
Units
Unit Mix
1 x 4BR/5.5BA
Multifamily Units
1
Parking per Unit
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$24,362
Amenities
gas fireplace
private backyard
Building Details
Building Size
9,600 SF
Year Built
1900
Buildings
1
Stories
8
Listing Agency:
www.HomeZu.com
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Sep 1
Last Checked: Sep 1 at 8:53PM
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 www.HomeZu.com
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residences, each offering over 4,000 square feet of living space. Both homes include four bedrooms, 5.5 bathrooms, a two-car garage, gas fireplace, high ceilings, and a private backyard. Open-concept interiors, abundant natural light, and finished spaces suited to entertaining are central features of the layout. The property size is 9,600 square feet, and zoning is MR1.
Located on Jewett St in Newton Corner, the duplex is within walking distance of Buff’s Pub, local shops, restaurants, and other amenities in Newton Corner and nearby Newtonville. The setting also provides access to Boston and major commuter routes.
Located on Jewett St in Newton Corner, the duplex is within walking distance of Buff’s Pub, local shops, restaurants, and other amenities in Newton Corner and nearby Newtonville. The setting also provides access to Boston and major commuter routes.
Key Highlights
- Two side‑by‑side residences, each with over 4,000 square feet of living space
- Each residence includes 4 bedrooms and 5.5 bathrooms
- Two‑car garage, gas fireplace, soaring ceilings, and private backyard per residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$203,139
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,062,780
$4.1M
Cap Rate 7%
$2,901,986
$2.9M
Cap Rate 9%
$2,257,100
$2.3M
Market Conditions
NOI Build-Up for 9,600 SF
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.
Gross rent
$305.3K $31.80/SF
− Vacancy
−$15.1K −$1.57/SF
EGI
$290.2K $30.23/SF
− OpEx
−$87.1K −$9.07/SF
NOI
$203.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,062,780
Cap Rate 7%
$2,901,986
Cap Rate 9%
$2,257,100
Alternative Uses
Best Use
Multifamily LT 5
$2.90M
$2.54M – $3.39M
NOI $203,139 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$2.73M
$2.39M – $3.18M
NOI $191,008 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$5.68M
$4.97M – $6.63M
NOI $397,822 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,660
Businesses Nearby
Explore this area
Business Placement
Demographics for 02458, MA
12,817
Population
5,238
Households
2.4
Avg Household Size
40
Median Age
76%
College-Educated
97%
High-School Grad
2.0 sq mi
ZIP Area
6,409
Density / Sq Mi
$151,782
Median Household Income
$72,008
Median Earnings
$2,313
Median Rent
$1,116,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature private backyards, two-car garages, and open-concept living areas with substantial room for daily living.
Where is this duplex located?
The property is located at 129 Jewett St Newton, MA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with over 4,000 square feet of living space; Each residence includes 4 bedrooms and 5.5 bathrooms; Two‑car garage, gas fireplace, soaring ceilings, and private backyard per residence
