To-Be-Built Multifamily
34 West Street Newton, MA 02458
For Sale
$3,399,000
To-be-built multifamily with open-concept units, 10 bedrooms, 8 full and 2 half baths, and private outdoor areas.
Property Size6,140 SF
Price / SF$553.58
Days on Market186
Property Features for 34 West Street
General Information
- Standard status
- Active
- Size
- 6,140 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 2025
Listing Agency:
Century 21 Custom Home Realty
(508) 473-4777
Listed By:
Janet Childs · License #87260
(508) 473-4777
Source:
Compass
Added: Jan 19
Changed: Jul 23
Last Checked: Jul 23 at 10:20AM
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 Century 21 Custom Home Realty
Investment Insights
Based on property information with market context.
Scheduled for buildout at 34 West Street in Newton, this to-be-built luxury multifamily residence is designed around rental-friendly layouts and durable finishes. The property is planned with 10 bedrooms, 8 full baths, and 2 half baths. Each unit features an open-concept arrangement with a kitchen including quartz countertops, custom cabinetry, and upscale appliances, flowing into spacious living and dining areas. Additional interior details include hardwood flooring, designer lighting, and primary suites with private ensuite baths. Dedicated laundry rooms and flexible living spaces are also part of the design, alongside private outdoor areas such as fenced yards, patios, decks, and balconies.
The listing is for a for-sale multifamily development, with energy-efficient systems referenced as part of the construction plan.
The listing is for a for-sale multifamily development, with energy-efficient systems referenced as part of the construction plan.
Key Highlights
- To‑be‑built luxury multifamily plan with 10 bedrooms, 8 full baths, and 2 half baths (10 total bathrooms).
- Open‑concept layouts with kitchen, living/dining combo, and office/den interior features.
- Each unit includes a dedicated laundry room with washer and electric dryer hookup.
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 | $195.3k | $31.80 |
| − Vacancy | −$9.6k | −$1.57 |
| EGI | $185.6k | $30.23 |
| − OpEx | −$55.7k | −$9.07 |
| NOI | $129.9k | $21.16 |
6,140 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.86M
$1.62M – $2.17M
NOI $129,925 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,165 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$3.63M
$3.18M – $4.24M
NOI $254,440 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - To-be-built multifamily with open-concept units, 10 bedrooms, 8 full and 2 half baths, and private outdoor areas.
Where is this duplex located?
The property is located at 34 West Street Newton, MA.
What is the asking price?
The asking price for this property is $3,399,000.
What are key features of this property?
This property features: To‑be‑built luxury multifamily plan with 10 bedrooms, 8 full baths, and 2 half baths (10 total bathrooms).; Open‑concept layouts with kitchen, living/dining combo, and office/den interior features.; Each unit includes a dedicated laundry room with washer and electric dryer hookup.
