Corner-Unit Residential Income
For Sale
$515,000
2323 Washington St, Newton, MA 02462
This corner-unit condo offers dedicated parking and same-floor laundry, with hardwood floors in the main living areas.
Property Size1,000 SF
Price / SF$515
Days on Market188
Property Features for 2323 Washington St
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Apartment
Amenities
Range
Dishwasher
Microwave
Refrigerator
Wall Unit(s)
Tile
Carpet
Hardwood
Baseboard, Oil
1.0 Story
$4,192 Taxes
Public
Built in 1965
Building Details
Year Built
1965
Listing Agency:
Leading Edge Real Estate
(781) 979-0100
Listed By:
Sladjana Zivkovic-Vukovic
(857) 249-7631
Source:
Donahuere
Added: Apr 7
Changed: Sep 9
Last Checked: Oct 11 at 2:59AM
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 Leading Edge Real Estate
Investment Insights
Based on property information with market context.
This corner-unit condo provides 1,000 square feet of well-designed living space, with natural light coming from multiple exposures. The kitchen features stainless steel appliances and ample cabinet space. An open-concept layout includes gleaming hardwood floors throughout the main living areas, with plush carpeting in both generously proportioned bedrooms. The unit also includes dedicated parking and same-floor laundry.
Set at 2323 Washington St in Newton, MA 02462, the home is positioned in Newton Lower Falls and described as a central location near premier amenities.
Built in 1965, the property combines a bright corner orientation with practical in-unit conveniences such as dedicated parking and laundry on the same floor.
Set at 2323 Washington St in Newton, MA 02462, the home is positioned in Newton Lower Falls and described as a central location near premier amenities.
Built in 1965, the property combines a bright corner orientation with practical in-unit conveniences such as dedicated parking and laundry on the same floor.
Key Highlights
- 1,000 square feet corner‑unit condo with multiple exposures
- Stainless steel appliances and ample cabinet space in the kitchen
- Open‑concept living with hardwood floors in main areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,897
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,940
$397.9K
Cap Rate 7%
$284,243
$284.2K
Cap Rate 9%
$221,078
$221.1K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$38.2K $38.16/SF
− Vacancy
−$2.0K −$1.98/SF
EGI
$36.2K $36.18/SF
− OpEx
−$16.3K −$16.28/SF
NOI
$19.9K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,940
Cap Rate 7%
$284,243
Cap Rate 9%
$221,078
Alternative Uses
Best Use
Apartment 5plus
$284.2K
$248.7K – $331.6K
NOI $19,897 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$592.0K
$518.0K – $690.7K
NOI $41,440 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,101
Businesses Nearby
Explore this area
Business Placement
Demographics for 02462, MA
1,569
Population
526
Households
3
Avg Household Size
51
Median Age
68%
College-Educated
94%
High-School Grad
0.7 sq mi
ZIP Area
2,241
Density / Sq Mi
$210,682
Median Household Income
$111,705
Median Earnings
$1,265,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - This corner-unit condo offers dedicated parking and same-floor laundry, with hardwood floors in the main living areas.
Where is this residential income property located?
The property is located at 2323 Washington St Newton, MA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 1,000 square feet corner‑unit condo with multiple exposures; Stainless steel appliances and ample cabinet space in the kitchen; Open‑concept living with hardwood floors in main areas
