
1245 Commonwealth Ave Newton — Photo 1 of 30
$3,218,000
Investment Analysis — 1245 Commonwealth Ave
Newton, MA 02465
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02465 carries an estimated $4,200/mo in gross rent — about a 0.49% cap rate and $15,863/yr in estimated NOI at the $3,218,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
5.5
SqFt
4,400
Style
Single Family
Built
1870
Perched high above Commonwealth Avenue, this beautifully renovated Colonial combines timeless character with the comfort and style of today. Set among mature trees, the property feels wonderfully private while enjoying one of Newton’s most sought-after locations. Thoughtfully renovated and revived by Newtons top builder, the home retains its old-world charm and architectural detail while offering a fresh, inviting layout for today’s lifestyle. The open kitchen features a large island with seating and plenty of room for a breakfast table, with a den or office just off the kitchen. A formal dining room provides an elegant setting for entertaining, while the fireplaced living room opens through a wall of windows to a bright sunroom overlooking the yard and patio. The spacious primary suite, added as part of the renovation, features a walk-in closet and beautiful full bath. Two additional bedrooms, including one en-suite, and another full bath complete the second floor. Two more bedrooms and a bath on the third floor provide wonderful flexibility for family and guests. Outside, the patio and private yard offer a peaceful setting surrounded by mature trees. With the Commonwealth Avenue path right outside your door for biking, walking, and enjoying the energy of Marathon Day. This is a special home in the Pierce School district, an ideal location that truly brings together character, privacy, space, and location. Close proximity to Boston and all Newton has to offer.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 4,400 sq ft principal dwelling). Lot size: 18,470 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Oven • Dishwasher • Disposal
Neighborhood
Shopping • Park • Walk/Jog Trails • Medical Facility • Conservation Area • House of Worship
Geography
Property History
$3,218,000
Sep 27, 2026
MLS® 73583074
$2,290,000
Oct 31, 2025
MLS® 73386626
$2,290,000
Jun 5, 2025
MLS® 73386626
$6,000
Apr 20, 2011
MLS® 71209476
$6,000
Apr 1, 2011
MLS® 71209476
Listing Agent: Deborah M. Gordon
Listing Office: Coldwell Banker Realty - Brookline
MLS® Number: 73583074
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