Multifamily Property Near
77-79 Dalby Street, Newton, MA 02458
For Sale
$1,350,000
MR-2-zoned property with convenient walking access to transit, restaurants and everyday services.
Property Size2,308 SF
Price / SF$584.92
Days on Market24
Property Features for 77-79 Dalby Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Chau Real Estate, Inc.
(781) 864-2272
Listed By:
Einstein Yee
(617) 659-7248
Source:
Churchillprop
Added: Oct 16
Changed: Nov 7
Last Checked: Nov 7 at 3:18PM
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 Chau Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 77-79 Dalby Street in Newton, Massachusetts, contains 2,308 square feet and was built in 1900. The property is zoned MR-2.
A bus stop, shops, a laundromat and restaurants are within walking distance.
A bus stop, shops, a laundromat and restaurants are within walking distance.
Key Highlights
- 2,308 square feet of multifamily space
- Built in 1900
- Zoned MR‑2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,921
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,420
$918.4K
Cap Rate 7%
$656,014
$656.0K
Cap Rate 9%
$510,233
$510.2K
Market Conditions
NOI Build-Up for 2,308 SF
Gross rent
$88.1K $38.16/SF
− Vacancy
−$4.6K −$1.98/SF
EGI
$83.5K $36.18/SF
− OpEx
−$37.6K −$16.28/SF
NOI
$45.9K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,420
Cap Rate 7%
$656,014
Cap Rate 9%
$510,233
Alternative Uses
Best Use
Apartment 5plus
$656.0K
$574.0K – $765.4K
NOI $45,921 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,643 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,502
Businesses Nearby
Explore this area
Business Placement
Demographics for 02458, MA
12,817
Population
5,238
Households
2.4
Avg Household Size
40
Median Age
76%
College-Educated
97%
High-School Grad
2.0 sq mi
ZIP Area
6,409
Density / Sq Mi
$151,782
Median Household Income
$72,008
Median Earnings
$2,313
Median Rent
$1,116,600
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Newton, MA
Properties on Market for Multifamily properties in Newton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - MR-2-zoned property with convenient walking access to transit, restaurants and everyday services.
Where is this multifamily property located?
The property is located at 77-79 Dalby Street Newton, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 2,308 square feet of multifamily space; Built in 1900; Zoned MR‑2
