Two-Family Residential Income
For Sale
$975,000
60-62 Kenneth Street, Newton, MA 02461
Well-maintained two-family home with updated kitchens and baths, newer roof, updated electrical, and ample parking.
Property Size1,876 SF
Price / SF$519.72
Days on Market81
Property Features for 60-62 Kenneth Street
General Information
Standard status
Active
Size
1,876 SF
Property subtype
Multi-family / 2 Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Romo Realty Group
(617) 224-8602
Listed By:
Jarrod L. Pescosolido · License #009513684
(617) 224-8602
Source:
Compass
Added: May 13
Changed: Jul 22
Last Checked: Jul 23 at 8:39AM
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 Romo Realty Group
Investment Insights
Based on property information with market context.
This well-maintained two-family residence offers tastefully updated interiors across both units. The updates include renovated kitchens with granite/quartz countertops, newer stainless-steel appliances, updated bathrooms, and gleaming hardwood floors. Unit 1 features a versatile layout with an eat-in kitchen, bedroom, bathroom, and living and dining rooms. Unit 2 includes a renovated EIK, living room, dining room, bedroom, bathroom, and office. The property also provides basement storage and offers the possibility of expansion into the walk-up attic.
The home sits on a nicely landscaped corner lot and includes plenty of parking. It is located under a mile to the Green Line T and in close proximity to the shops and restaurants along Needham Street.
Additional exterior and systems improvements include updated electrical and a newer roof.
The home sits on a nicely landscaped corner lot and includes plenty of parking. It is located under a mile to the Green Line T and in close proximity to the shops and restaurants along Needham Street.
Additional exterior and systems improvements include updated electrical and a newer roof.
Key Highlights
- Two‑family home built in 1900 with updated kitchens and bathrooms in both units
- Renovated kitchens feature stone/granite/solid counters, upgraded cabinets and countertops, and updated stainless steel appliances
- Hardwood flooring throughout plus updated baths and upgraded interior finishes
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 | $59.7k | $31.80 |
| − Vacancy | −$2.9k | −$1.57 |
| EGI | $56.7k | $30.23 |
| − OpEx | −$17.0k | −$9.07 |
| NOI | $39.7k | $21.16 |
1,876 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$567.1K
$496.2K – $661.6K
NOI $39,697 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$533.2K
$466.6K – $622.1K
NOI $37,326 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.11M
$971.8K – $1.30M
NOI $77,741 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 02461, MA
7,430
Population
2,785
Households
2.7
Avg Household Size
44
Median Age
88%
College-Educated
97%
High-School Grad
1.5 sq mi
ZIP Area
4,953
Density / Sq Mi
$207,292
Median Household Income
$101,850
Median Earnings
$3,026
Median Rent
$1,154,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family home with updated kitchens and baths, newer roof, updated electrical, and ample parking.
Where is this duplex located?
The property is located at 60-62 Kenneth Street Newton, MA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two‑family home built in 1900 with updated kitchens and bathrooms in both units; Renovated kitchens feature stone/granite/solid counters, upgraded cabinets and countertops, and updated stainless steel appliances; Hardwood flooring throughout plus updated baths and upgraded interior finishes
