Well-Maintained Multi-Family
48-50 Carleton Street Newton, MA 02458
48-50 Carleton Street, Newton, MA, 02458
$1,375,000
Pending
For Sale
$1,375,000
Pending
Well-maintained multi-family property with spacious layouts and rental income potential in a quiet residential setting.
Property Size2,218 SF
Days on Market168
Property Features for 48-50 Carleton Street
General Information
- Standard status
- Pending
- Size
- 2,218 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1875
Listing agency
Block Realty
(617) 505-3324
Listed by
Niko Stafford · License #9555394
(617) 505-3324
Source
Compass
Added: Feb 4 Updated: Jul 21 at 2:55PM Checked: Jul 21 at 2:55PM
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 Block Realty
Investment Insights
Based on property information with market context.
48–50 Carleton Street is a well-maintained multi-family property featuring spacious layouts. The configuration offers flexibility for buyers who want to occupy one unit while generating rental income from the other unit(s).
The property is located on a quiet residential street, with convenient access to public transportation, major commuter routes, village centers, shops, restaurants, and Newton-area schools.
Measuring 2,218 square feet, this offering is positioned for buyers looking to enter the Newton market with a property that supports both owner occupancy and investment use.
The property is located on a quiet residential street, with convenient access to public transportation, major commuter routes, village centers, shops, restaurants, and Newton-area schools.
Measuring 2,218 square feet, this offering is positioned for buyers looking to enter the Newton market with a property that supports both owner occupancy and investment use.
Key Highlights
- 3 full bathrooms in the property
- Built in 1875
- Well‑maintained multi‑family property with spacious layouts
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 | $70.5k | $31.80 |
| − Vacancy | −$3.5k | −$1.57 |
| EGI | $67.0k | $30.23 |
| − OpEx | −$20.1k | −$9.07 |
| NOI | $46.9k | $21.16 |
2,218 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$670.5K
$586.7K – $782.2K
NOI $46,934 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$630.4K
$551.6K – $735.5K
NOI $44,131 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,913 @ 7.0% cap · market cap 6.68%
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 - Well-maintained multi-family property with spacious layouts and rental income potential in a quiet residential setting.
Where is this duplex located?
The property is located at 48-50 Carleton Street Newton, MA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 3 full bathrooms in the property; Built in 1875; Well‑maintained multi‑family property with spacious layouts
