3-Unit Townhome
3 Newland St, Newton, MA 02446
For Sale
New
$5,195,000
Three residences offer four-bedroom layouts and private underground parking for two vehicles apiece.
Property Size8,500 SF
Price / SF$611.18
Days on Market6
Property Features for 3 Newland St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Building Details
Year Built
Listing Agency:
Rise Signature Homes
(617) 383-5659
Listed By:
The Pezzano Group
(617) 913-2730
Source:
Lockandkeyre
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 9:24AM
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 Rise Signature Homes
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Investment Insights
Based on property information with market context.
This triplex comprises three townhomes with approximately 8,500 square feet of living area in total. Each residence has four bedrooms, three-and-a-half bathrooms, and a private underground garage with space for two cars. The property was built in 2026.
The Newton property offers access to Boston, Cambridge, major commuter routes, shopping, and dining.
The Newton property offers access to Boston, Cambridge, major commuter routes, shopping, and dining.
Key Highlights
- Three townhomes with approximately 8,500 square feet of living space
- Each residence includes 4 bedrooms and 3.5 bathrooms
- Private underground garage for 2 cars at each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,264
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,045,280
$3.0M
Cap Rate 7%
$2,175,200
$2.2M
Cap Rate 9%
$1,691,822
$1.7M
Market Conditions
NOI Build-Up for 8,500 SF
Gross rent
$229.5K $27.00/SF
− Vacancy
−$12.0K −$1.41/SF
EGI
$217.5K $25.59/SF
− OpEx
−$65.3K −$7.68/SF
NOI
$152.3K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,045,280
Cap Rate 7%
$2,175,200
Cap Rate 9%
$1,691,822
Alternative Uses
Best Use
Multifamily LT 5
$2.18M
$1.90M – $2.54M
NOI $152,264 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$2.01M
$1.76M – $2.34M
NOI $140,488 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$5.03M
$4.40M – $5.87M
NOI $352,238 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
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Business Placement
Demographics for 02446, MA
31,957
Population
15,298
Households
2.1
Avg Household Size
34
Median Age
85%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
24,582
Density / Sq Mi
$127,519
Median Household Income
$73,950
Median Earnings
$2,757
Median Rent
$1,172,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Norfolk County, MA
Properties on Market for Triplexes in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer four-bedroom layouts and private underground parking for two vehicles apiece.
Where is this triplex located?
The property is located at 3 Newland St Newton, MA.
What is the asking price?
The asking price for this property is $5,195,000.
What are key features of this property?
This property features: Three townhomes with approximately 8,500 square feet of living space; Each residence includes 4 bedrooms and 3.5 bathrooms; Private underground garage for 2 cars at each residence
