138 Winchester St Newton — Photo 1 of 25
$1,124,000
Investment Analysis — 138 Winchester St
Newton, MA 02461 — Newton Highlands
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02461 carries an estimated $5,760/mo in gross rent — about a 3.83% cap rate and $43,091/yr in estimated NOI at the $1,124,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
1,656
Style
Single Family
Built
1947
A Newton Highlands gem! This lovely and bright Colonial offers a classic layout with a fireplaced living room, formal dining room, half-bath, and updated kitchen on the first floor. The primary bedroom on the second floor has cathedral ceilings, an en-suite bathroom, and space to curl up and read a book. There are three additional bedrooms and another full bathroom on this level as well. The basement is partially finished and has plenty of space for your storage needs. Recent updates include a new fence for backyard privacy, new roof and solar panels, new Bosch heating system, and ductless mini-split AC units for summer comfort. All of this in a convenient location just a short distance from the Newton Highlands "T", Route 9 and other commuting routes, and close to local shops, cafes, restaurants and parks. Not to be missed!
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: 828 sq ft (the lesser of 900 sq ft or half the 1,656 sq ft principal dwelling). Lot size: 5,700 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
Gas Water Heater • Tankless Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Public School • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl SecondBathroom 1
Lvl SecondBathroom 2
Lvl SecondBathroom 3
Lvl FirstListing Agent: Margaret Squair
Listing Office: Coldwell Banker Realty - Framingham
MLS® Number: 73580979
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