
144 Concord Street Newton — Photo 1 of 25
$1,999,000
Investment Analysis — 144 Concord Street
Newton, MA 02462 — Newton Lower Falls
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02462 carries an estimated $4,330/mo in gross rent — about a 1.29% cap rate and $25,819/yr in estimated NOI at the $1,999,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
4,111
Style
Single Family
Built
1930
Beautifully expanded and renovated, this exceptional residence offers the perfect blend of timeless charm and modern living. The welcoming front entrance opens to a gracious living room with a bay window, fireplace, and easy access to the elegant dining room, highlighted by original moldings. The newer chef's kitchen features an oversized island, top-of-the-line appliances, with double ovens and abundant storage, and opens seamlessly to a spacious family room with a built-in banquette, vaulted ceiling, and custom built-ins. Outdoor access to the well-landscaped, level backyard with a patio, creates an ideal setting for indoor-outdoor living and entertaining. The main level also includes a wonderful mudroom with built-ins, lavatory, direct access to the oversized garage, and a bright sunroom off the dining room. The second floor features a lovely primary bedroom suite that is accessed by separate direct entry with a spa-like bathroom and two expansive fully outfitted walk-in closets. Four additional bedrooms and a tastefully renovated full bathroom complete this level. There is a versatile 3rd floor walk-up attic with built-in storage and lots of potential. The recently renovated lower level is spectacular. Spacious, stylish, meticulous, and functional, it offers exceptional bonus living space, including a large playroom or second family room, a gym, and an exquisite fully renovated bathroom. Ideally located in the highly sought-after Angier School district, this home features gas systems, central air conditioning, and handsome hardwood floors. The location provides convenient access to major commuting routes (128, MA Pike, Route 9), public transportation, shops, dining, Charles River, open space, and recreational trails.
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 4,111 sq ft principal dwelling). Lot size: 11,484 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Oven • Dishwasher • Disposal • Range • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Golf • Medical Facility • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstCountertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Open Floorplan
Family Room
Lvl FirstCloset/Cabinets - Custom Built, Flooring - Hardwood, Exterior Access
Primary Bedroom
Lvl SecondBathroom - Full, Vaulted Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bedroom 4
Lvl SecondCloset, Flooring - Hardwood
Bedroom 5
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Double Vanity
Bathroom 3
Lvl SecondBathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded
Listing Agent: Debby Belt
Listing Office: Hammond Residential Real Estate
MLS® Number: 73584369
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