Two-Family Residential Income
17-19 Crafts Street Newton, MA 02458
17-19 Crafts Street, Newton, MA, 02458
$1,200,000
Pending
For Sale
$1,200,000
Pending
Two-family property offers three living spaces, including a 2 bed/1 bath, 4 bed/2 bath, and 1 bed/1 bath unit.
Property Size2,684 SF
Days on Market84
Property Features for 17-19 Crafts Street
General Information
- Standard status
- Pending
- Size
- 2,684 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1890
Listing agency
Centre Realty Group
(617) 332-0077
Listed by
Mindy Abramowitz · License #124638
(617) 332-0077
Source
Compass
Added: Apr 29 Updated: Jul 20 at 5:25PM Checked: Jul 21 at 6:21AM
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.
Well-maintained two-family property configured with three living spaces. The current setup includes a 2-bedroom/1-bath unit, a spacious 4-bedroom/2-bath unit, and an additional 1-bedroom/1-bath unit. Each space is described as having a functional layout and being in good condition.
The property includes two separate driveways for off-street parking. It is located in Newton with access to the commuter rail and major highways, and it is listed as convenient to Whole Foods Market, restaurants, and local shops.
The property is reported as a legal two-family per public record, and the seller and agent note no representations regarding legality or use. Buyers are instructed to perform all due diligence regarding zoning, occupancy, and compliance.
The property includes two separate driveways for off-street parking. It is located in Newton with access to the commuter rail and major highways, and it is listed as convenient to Whole Foods Market, restaurants, and local shops.
The property is reported as a legal two-family per public record, and the seller and agent note no representations regarding legality or use. Buyers are instructed to perform all due diligence regarding zoning, occupancy, and compliance.
Key Highlights
- Legal two‑family property per public record with three living spaces: 2 bed/1 bath, 4 bed/2 bath, and 1 bed/1 bath
- Interior features include upgraded cabinets and countertops, pantry, and window AC; full basement
- Insulated windows and wood/tile/carpet/hardwood flooring throughout
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 | $85.4k | $31.80 |
| − Vacancy | −$4.2k | −$1.57 |
| EGI | $81.1k | $30.23 |
| − OpEx | −$24.3k | −$9.07 |
| NOI | $56.8k | $21.16 |
2,684 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$811.3K
$709.9K – $946.6K
NOI $56,794 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$762.9K
$667.5K – $890.1K
NOI $53,403 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,224 @ 7.0% cap · market cap 9.27%
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 property offers three living spaces, including a 2 bed/1 bath, 4 bed/2 bath, and 1 bed/1 bath unit.
Where is this duplex located?
The property is located at 17-19 Crafts 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: Legal two‑family property per public record with three living spaces: 2 bed/1 bath, 4 bed/2 bath, and 1 bed/1 bath; Interior features include upgraded cabinets and countertops, pantry, and window AC; full basement; Insulated windows and wood/tile/carpet/hardwood flooring throughout
