Value-Add Multifamily with Approved
16-20 Winter Street Newton, MA 02464
16-20 Winter Street, Newton, MA, 02464
$1,425,000
For Sale
$1,425,000
Two-family on MR1 zoning with plans and permit set to redevelop into three units.
Property Size4,600 SF
Lot Size0.26 Acres
Price / SF$309.78
Days on Market77
Property Features for 16-20 Winter Street
General Information
- Standard status
- Active
- Size
- 4,600 SF
- Lot size
- 0.26 Acres
- Property subtype
- 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1845
Listing agency
Centre Realty Group
(774) 271-0976
Listed by
Schyler Oliveira
Source
Downtownbostonrealty
Added: May 6 Updated: Jul 21 at 6:14PM Checked: Jul 21 at 6:14PM
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 Centre Realty Group
Investment Insights
Based on property information with market context.
This offering features an existing two-family residence on an 11,500+ SF lot, presented as a value-add opportunity in Newton. The seller has provided full architectural plans and a permit set in place for redevelopment, with proposed designs to expand total living area from approximately 4,600 SF to over 7,300 SF. The planned redevelopment includes a three-unit configuration with optimized floor plans and increased density potential.
The property is zoned MR1, and the sale is being conducted “AS IS,” with plans and permits included. Supporting documents are available as part of the offering. Buyers should perform their own due diligence regarding permitting status and approvals.
The property is zoned MR1, and the sale is being conducted “AS IS,” with plans and permits included. Supporting documents are available as part of the offering. Buyers should perform their own due diligence regarding permitting status and approvals.
Key Highlights
- Two‑family home on MR1 zoning on an 11,500+ SF lot
- Year built: 1845
- Redevelopment plans and permit set included, sold "as is"
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 | $146.3k | $31.80 |
| − Vacancy | −$7.2k | −$1.57 |
| EGI | $139.1k | $30.23 |
| − OpEx | −$41.7k | −$9.07 |
| NOI | $97.3k | $21.16 |
4,600 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.62M
NOI $97,338 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,524 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,623 @ 7.0% cap · market cap 13.38%
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-family on MR1 zoning with plans and permit set to redevelop into three units.
Where is this duplex located?
The property is located at 16-20 Winter Street Newton, MA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Two‑family home on MR1 zoning on an 11,500+ SF lot; Year built: 1845; Redevelopment plans and permit set included, sold "as is"
