Updated Two-Family
For Sale
$1,200,000
Pending
15 Shirley Street, Newton, MA 02465
Residential Income, Newton, MA
Property Size3,468 SF
Lot Size0.21 Acres
Days on Market48
Property Features for 15 Shirley Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SR3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 1
Parking
5
Elementary school
Burr
Middle school
Day
High school
North
Directions
Auburndale Ave to Shirley Street
Standard status
Pending
APN
692828
Size
3,468 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9883
Building Details
Year built
1916
Floors in Building
4
Number of units
2
Listing Agency:
RE/MAX Preferred Properties · RE/MAX International
(617) 969-0676
Listed By:
DINO ROSSI · License #138989
(617) 312-3910
Added: Aug 19
Changed: Sep 29
Last Checked: Oct 5 at 2:06PM
MLS# 73565592
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family duplex contains approximately 3,468 square feet across two residential units. The first-floor residence includes two bedrooms, a formal dining room with built-ins, a living room, an updated eat-in kitchen, a full bathroom, and a sunroom suitable for office or additional living space. Fresh paint, refinished flooring, stainless steel appliances, and a new gas-converted furnace are among its updates.
The second unit spans the second and third floors, with two bedrooms, a possible third bedroom or flexible room, formal living and dining areas, a built-in hutch, full bathroom, and sunroom. It uses oil heat on the second floor and has built-in wall AC on the third floor. Natural gas service supports cooking and other utilities. The unfinished walk-out basement has approximately 7 feet of ceiling height, while the 0.211-acre lot provides substantial off-street parking.
The property is zoned SR3 and sits between West Newton and Auburndale, with access to public transportation, major highways, parks, trails, conservation land, shops, restaurants, and an independent theater.
The second unit spans the second and third floors, with two bedrooms, a possible third bedroom or flexible room, formal living and dining areas, a built-in hutch, full bathroom, and sunroom. It uses oil heat on the second floor and has built-in wall AC on the third floor. Natural gas service supports cooking and other utilities. The unfinished walk-out basement has approximately 7 feet of ceiling height, while the 0.211-acre lot provides substantial off-street parking.
The property is zoned SR3 and sits between West Newton and Auburndale, with access to public transportation, major highways, parks, trails, conservation land, shops, restaurants, and an independent theater.
Key Highlights
- Two‑family duplex with 3,468 square feet of total area
- 0.211‑acre flat lot in a cul‑de‑sac setting
- First‑floor unit offers 2 bedrooms, updated eat‑in kitchen, sunroom, and new gas‑converted furnace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,384
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,467,680
$1.5M
Cap Rate 7%
$1,048,343
$1.0M
Cap Rate 9%
$815,378
$815.4K
Market Conditions
NOI Build-Up for 3,468 SF
Gross rent
$110.3K $31.80/SF
− Vacancy
−$5.4K −$1.57/SF
EGI
$104.8K $30.23/SF
− OpEx
−$31.5K −$9.07/SF
NOI
$73.4K $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%
$1,467,680
Cap Rate 7%
$1,048,343
Cap Rate 9%
$815,378
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$917.3K – $1.22M
NOI $73,384 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$985.7K
$862.5K – $1.15M
NOI $69,001 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$2.05M
$1.80M – $2.40M
NOI $143,713 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
Explore this area
Business Placement
Demographics for 02465, MA
12,415
Population
4,452
Households
2.8
Avg Household Size
42
Median Age
78%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
5,643
Density / Sq Mi
$174,518
Median Household Income
$93,021
Median Earnings
$2,251
Median Rent
$1,098,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - SR3-zoned duplex with separate living spaces, off-street parking, and access to nearby transit, highways, shops, and dining.
Where is this duplex located?
The property is located at 15 Shirley Street Newton, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑family duplex with 3,468 square feet of total area; 0.211‑acre flat lot in a cul‑de‑sac setting; First‑floor unit offers 2 bedrooms, updated eat‑in kitchen, sunroom, and new gas‑converted furnace
