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Nonantum Two-Family Home

236-238 Adams Street Newton, MA 02458

236-238 Adams Street, Newton, MA, 02458
$999,000
For Sale
Claim this Listing
$999,000

Two-family home near shops, restaurants, and transportation.

Property Size1,902 SF
Price / SF$525.24
AddedApr 29
Days on Market79
Last RefreshJul 15 at 11:31 pm

Property Features for 236-238 Adams Street

General Information

Standard status
Active
Size
1,902 SF
Property subtype
Multi-family / 2 Family - 2 Units Side by Side

Building Details

Year Built
1890

Listing office Red Tree Real Estate

Listing date Apr 29, 2026

Source Compass

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 Red Tree Real Estate


Investment Insights

Based on property information with market context.

Located in Newton, Massachusetts, the property at 236-238 Adams St is a two-family home constructed in 1890. The property offers an inviting home ready for new beginnings. Each unit features three levels of living space. The units include renovated eat-in kitchens with appliances and hardwood floors throughout. The units are separately metered. The property is situated moments from Nonantum's restaurants, shops, and stores, and minutes from the Newtonville MBTA Commuter Station, with proximity to expressways. The property size is 1,902 square feet.

Key Highlights

  • Two‑family home with separately metered units.
  • Renovated Eat‑in‑Kitchens with appliances included (Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal).
  • Gleaming hardwood floors 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 $60.5k $31.80
− Vacancy −$3.0k −$1.57
EGI $57.5k $30.23
− OpEx −$17.2k −$9.07
NOI $40.2k $21.16
1,902 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$575.0K
$503.1K – $670.8K (±1% cap)
NOI $40,247 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$540.6K
$473.0K – $630.7K (±1% cap)
NOI $37,843 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.13M
$985.2K – $1.31M (±1% cap)
NOI $78,818 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Grocery & Convenience Store Clothing & Fashion Store Food Market Bar & Pub Cosmetic Store Home Appliance Store Hotel & Motel Carpet & Flooring Store Mobile Phone Store Pet Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-family home near shops, restaurants, and transportation.
Where is this duplex located?
The property is located at 236-238 Adams Street Newton, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family home with separately metered units.; Renovated Eat‑in‑Kitchens with appliances included (Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal).; Gleaming hardwood floors throughout.
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