Spacious Two-Family Residential
539-541 Commonwealth Avenue Newton, MA 02459
539-541 Commonwealth Avenue, Newton, MA, 02459
$1,675,000
For Sale
$1,675,000
Built in 1984, this duplex offers two 3BR/3BA units with southern exposure and modernized mechanical and windows.
Property Size4,509 SF
Price / SF$371.48
Days on Market106
Property Features for 539-541 Commonwealth Avenue
General Information
- Standard status
- Active
- Size
- 4,509 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1984
Listing agency
Preservation Properties
(617) 527-3700
Listed by
Ed Lyon · License #138158
Source
Eganrealtygroup
Added: Apr 7 Updated: Jul 21 at 5:43AM Checked: Jul 21 at 5:43AM
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 Preservation Properties
Investment Insights
Based on property information with market context.
This exceptionally spacious 2-family residential income property was built in 1984 and totals 4,509 SF. Each unit features 3 bedrooms and 3 bathrooms with large living areas and a dining layout open to the kitchen through a pass-through. Both main levels include a primary bedroom with an en-suite bath, as well as a second bedroom with a full hall bath. The bottom unit also includes additional space in the finished basement with direct exterior access.
The home has two new boilers with tankless hot water, and Harvey windows were recently installed on the 1st and 2nd floors. The 3rd floor is described as having ADU potential for an additional, separate rental.
The property is positioned with direct southern exposure and benefits from convenient walking proximity to Ward Street houses of worship, restaurants and shops, the Green Line T, and the Newton Centre Playground.
The home has two new boilers with tankless hot water, and Harvey windows were recently installed on the 1st and 2nd floors. The 3rd floor is described as having ADU potential for an additional, separate rental.
The property is positioned with direct southern exposure and benefits from convenient walking proximity to Ward Street houses of worship, restaurants and shops, the Green Line T, and the Newton Centre Playground.
Key Highlights
- Duplex built in 1984 with two 3BR/3BA units and 4509 SF total (Newton Centre).
- Each unit offers large living areas with southern exposure and open flow to dining and kitchen.
- Both main levels include a primary bedroom with en‑suite bath plus a generous second bedroom and full hall bath.
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 | $143.4k | $31.80 |
| − Vacancy | −$7.1k | −$1.57 |
| EGI | $136.3k | $30.23 |
| − OpEx | −$40.9k | −$9.07 |
| NOI | $95.4k | $21.16 |
4,509 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,412 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,714 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$2.67M
$2.34M – $3.11M
NOI $186,852 @ 7.0% cap · market cap 11.16%
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 - Built in 1984, this duplex offers two 3BR/3BA units with southern exposure and modernized mechanical and windows.
Where is this duplex located?
The property is located at 539-541 Commonwealth Avenue Newton, MA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Duplex built in 1984 with two 3BR/3BA units and 4509 SF total (Newton Centre).; Each unit offers large living areas with southern exposure and open flow to dining and kitchen.; Both main levels include a primary bedroom with en‑suite bath plus a generous second bedroom and full hall bath.
