Two-Family Residential Income
76 Taft Avenue Newton, MA 02465
For Sale
$1,597,000
Bright two-family home with sun-filled open-concept units, updated bathrooms, a yard, and a two-car garage.
Property Size2,857 SF
Price / SF$558.98
Days on Market138
Property Features for 76 Taft Avenue
General Information
- Standard status
- Active
- Size
- 2,857 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1892
Listing Agency:
Gibson Sotheby's International Realty
(617) 264-7900
Listed By:
Ruth Cheng · License #9562849
(617) 264-7900
Source:
Compass
Added: Mar 9
Changed: Jul 23
Last Checked: Jul 23 at 8:36AM
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 Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
This two-family residential income property features bright, open-concept living spaces with natural light throughout each unit. Kitchens include sleek cabinetry, ample counter space, and convenient dining areas that flow into the living rooms. Generously sized bedrooms and updated bathrooms add to the comfort and functionality of both residences. Large windows throughout help create an airy feel, and the exterior includes a yard plus a two-car garage for parking and storage.
Located at 76 Taft Avenue in Newton, MA, the property offers a practical setup for tenants who want dedicated living space within a single two-family structure.
The overall configuration provides two distinct units with coordinated, light-filled interiors, complemented by outdoor yard space and enclosed parking in the attached two-car garage.
Located at 76 Taft Avenue in Newton, MA, the property offers a practical setup for tenants who want dedicated living space within a single two-family structure.
The overall configuration provides two distinct units with coordinated, light-filled interiors, complemented by outdoor yard space and enclosed parking in the attached two-car garage.
Key Highlights
- Two‑family home with sunroom, sun‑filled open‑concept living spaces, and large windows throughout
- Each unit includes living room, kitchen, dining room, laundry room, and generously sized bedrooms
- Updated bathrooms; total of 3 full baths
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 | $90.9k | $31.80 |
| − Vacancy | −$4.5k | −$1.57 |
| EGI | $86.4k | $30.23 |
| − OpEx | −$25.9k | −$9.07 |
| NOI | $60.5k | $21.16 |
2,857 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$863.6K
$755.7K – $1.01M
NOI $60,455 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$812.1K
$710.6K – $947.4K
NOI $56,845 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,393 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Bright two-family home with sun-filled open-concept units, updated bathrooms, a yard, and a two-car garage.
Where is this duplex located?
The property is located at 76 Taft Avenue Newton, MA.
What is the asking price?
The asking price for this property is $1,597,000.
What are key features of this property?
This property features: Two‑family home with sunroom, sun‑filled open‑concept living spaces, and large windows throughout; Each unit includes living room, kitchen, dining room, laundry room, and generously sized bedrooms; Updated bathrooms; total of 3 full baths
