Two-Family Residential Income
For Sale
$1,875,000
7 Westbourne Road, Newton, MA 02459
Well-maintained two-family home with two three-bedroom units, private entrances, and updated kitchens and bathrooms.
Property Size2,908 SF
Price / SF$644.77
Days on Market137
Property Features for 7 Westbourne Road
General Information
Standard status
Active
Size
2,908 SF
Property subtype
Multi-family
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Compass
Listed By:
The Shulkin Wilk Group
(781) 933-2500
Source:
Sredboston
Added: Jun 7
Changed: Sep 4
Last Checked: Oct 20 at 11:40PM
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 Compass
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Investment Insights
Based on property information with market context.
This well-maintained two-family residential income property offers two three-bedroom units stacked within a single building. Both units feature private front and rear entrances, with recently updated kitchens and bathrooms. Interior highlights include gleaming hardwood floors, abundant natural light, and freshly painted walls. Large front decks are provided on both units.
A full basement adds extensive storage and utility space. Outside, the property includes an oversized detached two-car garage, along with additional paved driveways.
The home sits on a spacious level lot on a tree-lined street, and is located steps from Newton Centre Village and its amenities.
A full basement adds extensive storage and utility space. Outside, the property includes an oversized detached two-car garage, along with additional paved driveways.
The home sits on a spacious level lot on a tree-lined street, and is located steps from Newton Centre Village and its amenities.
Key Highlights
- Well‑maintained 2‑family home built in 1900 with 2,900+ sq ft of living space
- Two stacked 3‑bedroom units, each with private front and rear entrances
- Recently updated kitchens and bathrooms, plus gleaming hardwood floors and freshly painted interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,534
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,680
$1.2M
Cap Rate 7%
$879,057
$879.1K
Cap Rate 9%
$683,711
$683.7K
Market Conditions
NOI Build-Up for 2,908 SF
Gross rent
$92.5K $31.80/SF
− Vacancy
−$4.6K −$1.57/SF
EGI
$87.9K $30.23/SF
− OpEx
−$26.4K −$9.07/SF
NOI
$61.5K $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%
$1,230,680
Cap Rate 7%
$879,057
Cap Rate 9%
$683,711
Alternative Uses
Best Use
Multifamily LT 5
$879.1K
$769.2K – $1.03M
NOI $61,534 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$826.6K
$723.2K – $964.3K
NOI $57,859 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,507 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
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Business Placement
Demographics for 02459, MA
19,017
Population
6,828
Households
2.8
Avg Household Size
44
Median Age
84%
College-Educated
98%
High-School Grad
5.0 sq mi
ZIP Area
3,803
Density / Sq Mi
$214,941
Median Household Income
$87,409
Median Earnings
$2,308
Median Rent
$1,336,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family home with two three-bedroom units, private entrances, and updated kitchens and bathrooms.
Where is this duplex located?
The property is located at 7 Westbourne Road 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: Well‑maintained 2‑family home built in 1900 with 2,900+ sq ft of living space; Two stacked 3‑bedroom units, each with private front and rear entrances; Recently updated kitchens and bathrooms, plus gleaming hardwood floors and freshly painted interiors
