Duplex with Detached
For Sale
$1,249,900
Pending
59 River St, Newton, MA 02465
Two residential units feature hardwood floors, high ceilings, and additional unfinished attic space.
Property Size2,637 SF
Days on Market59
Property Features for 59 River St
General Information
Standard status
Pending
Size
2,637 SF
Total Parking Spaces
4
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,185
Building Details
Building Size
2,637 SF
Year Built
1880
Buildings
1
Listing Agency:
Centre Realty Group
Listed By:
Kathleen Marotta
(617) 610-3839
Source:
Classifiedrealtygroup
Added: Aug 9
Changed: Oct 2
Last Checked: Oct 5 at 3:51PM
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 Centre Realty Group
Investment Insights
Based on property information with market context.
Built in 1880, this duplex contains two residential units with separate living areas, eat-in kitchens, bedrooms, and bathrooms. The first-floor residence includes a dining room and two bedrooms, while the upper unit has two bedrooms and access to an unfinished attic with four separate rooms. High ceilings and oversized windows extend throughout the home, and hardwood flooring is featured on the first level. Gas heating and hot water systems have been updated.
The property includes a detached two-car garage and is zoned SR3. It is located less than half a mile from West Newton Center and the commuter rail to Boston, with access to I-90 nearby.
The property includes a detached two-car garage and is zoned SR3. It is located less than half a mile from West Newton Center and the commuter rail to Boston, with access to I-90 nearby.
Key Highlights
- Two‑family duplex with distinct first- and second‑floor residential units
- First‑floor layout includes a living room, dining room, two bedrooms, eat‑in kitchen, and one bathroom
- Upper unit includes two bedrooms, eat‑in kitchen, one bathroom, and unfinished attic with four separate rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,800
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,000
$1.1M
Cap Rate 7%
$797,143
$797.1K
Cap Rate 9%
$620,000
$620.0K
Market Conditions
NOI Build-Up for 2,637 SF
Gross rent
$83.9K $31.80/SF
− Vacancy
−$4.1K −$1.57/SF
EGI
$79.7K $30.23/SF
− OpEx
−$23.9K −$9.07/SF
NOI
$55.8K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,000
Cap Rate 7%
$797,143
Cap Rate 9%
$620,000
Alternative Uses
Best Use
Multifamily LT 5
$797.1K
$697.5K – $930.0K
NOI $55,800 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$749.5K
$655.8K – $874.5K
NOI $52,467 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,277 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
Explore this area
Business Placement
Demographics for 02465, MA
12,415
Population
4,452
Households
2.8
Avg Household Size
42
Median Age
78%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
5,643
Density / Sq Mi
$174,518
Median Household Income
$93,021
Median Earnings
$2,251
Median Rent
$1,098,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature hardwood floors, high ceilings, and additional unfinished attic space.
Where is this duplex located?
The property is located at 59 River St Newton, MA.
What is the asking price?
The asking price for this property is $1,249,900.
What are key features of this property?
This property features: Two‑family duplex with distinct first- and second‑floor residential units; First‑floor layout includes a living room, dining room, two bedrooms, eat‑in kitchen, and one bathroom; Upper unit includes two bedrooms, eat‑in kitchen, one bathroom, and unfinished attic with four separate rooms
