Two-Family Brick Home with
56-58 Washington Street Newton, MA 02458
56-58 Washington Street, Newton, MA, 02458
$1,875,000
Pending
For Sale
$1,875,000
Pending
Brick two-family home with hardwood floors, screened porch, fireplaced living rooms, and a heated two-car garage plus detached garage.
Property Size5,582 SF
Days on Market86
Property Features for 56-58 Washington Street
General Information
- Standard status
- Pending
- Size
- 5,582 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1940
Listing agency
William Raveis R.E. & Home Services
(781) 400-2398
Listed by
Kate Swenson · License #9089999
(781) 400-2398
Source
Compass
Added: Apr 29 Updated: Jul 23 at 12:08AM Checked: Jul 23 at 12:08AM
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 William Raveis R.E. & Home Services
Investment Insights
Based on property information with market context.
This brick-and-slate two-family home offers four levels of flexible living space with owner-occupied character and practical day-to-day comfort. Inside, the first and second-floor units each feature a fireplaced living room, formal dining room, updated granite kitchen, three bedrooms, and two baths, along with a welcoming screened porch. The third level provides additional living space and a full bath, suited for a home office or guest overflow, with the description noting potential to expand the second unit.
The finished lower level includes an expansive family room with space for an office and workshop, a 3/4 bath, laundry, and a mudroom entry just off a heated two-car garage. The property also includes an additional detached garage and generous driveway parking.
Located in Hunnewell Hill, the home is described as having easy access to public transportation, the Mass Pike, and the amenities of Newton Corner.
The finished lower level includes an expansive family room with space for an office and workshop, a 3/4 bath, laundry, and a mudroom entry just off a heated two-car garage. The property also includes an additional detached garage and generous driveway parking.
Located in Hunnewell Hill, the home is described as having easy access to public transportation, the Mass Pike, and the amenities of Newton Corner.
Key Highlights
- Two‑family brick home with four levels of flexible living space, including a finished lower level with family room, office/workshop space, laundry, and mudroom entry.
- Each of the first and second‑floor units features a fireplaced living room, formal dining room, updated granite kitchen, 3 bedrooms, and 2 baths.
- 6 total bathrooms: 6.0 total baths with a combination of full and 3/4 bath options, plus bathrooms with shower stall and tub.
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 | $177.5k | $31.80 |
| − Vacancy | −$8.8k | −$1.57 |
| EGI | $168.7k | $30.23 |
| − OpEx | −$50.6k | −$9.07 |
| NOI | $118.1k | $21.16 |
5,582 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.69M
$1.48M – $1.97M
NOI $118,117 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$1.59M
$1.39M – $1.85M
NOI $111,063 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$3.30M
$2.89M – $3.86M
NOI $231,317 @ 7.0% cap · market cap 12.34%
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 - Brick two-family home with hardwood floors, screened porch, fireplaced living rooms, and a heated two-car garage plus detached garage.
Where is this duplex located?
The property is located at 56-58 Washington Street Newton, MA.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Two‑family brick home with four levels of flexible living space, including a finished lower level with family room, office/workshop space, laundry, and mudroom entry.; Each of the first and second‑floor units features a fireplaced living room, formal dining room, updated granite kitchen, 3 bedrooms, and 2 baths.; 6 total bathrooms: 6.0 total baths with a combination of full and 3/4 bath options, plus bathrooms with shower stall and tub.
