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305 Central Street Newton — Photo 1 of 42

305 Central Street Newton — Photo 1 of 42

$1,295,000

Investment Analysis — 305 Central Street

Newton, MA 02466 — Auburndale

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02466 carries an estimated $4,290/mo in gross rent — about a 2.25% cap rate and $29,190/yr in estimated NOI at the $1,295,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

3

SqFt

2,127

Style

Single Family

Built

1895

Impressive 5-bedroom, 3-bath single-family home offering exceptional space, flexibility, and a huge lot in desirable Newton. With a versatile layout across three levels, this home provides plenty of room for everyday living, entertaining, working from home, and hosting guests. Generously sized rooms, abundant natural light, and hardwood floors add warmth and character throughout. The private third-floor primary suite creates a peaceful retreat, while four additional bedrooms provide flexibility for family, guests, offices, or hobbies. The updated eat-in kitchen offers generous counter and cabinet space and was renovated in 2021, creating a functional heart of the home with plenty of room to gather. All three bathrooms were renovated in 2020. Additional improvements include a new water heater in 2025 and an updated boiler in 2025, providing peace of mind for the next owner. First-floor laundry adds everyday convenience, while multiple living spaces allow the floor plan to evolve with your needs. Step outside and discover one of the home's most remarkable features: the expansive lot. The wraparound porch offers another inviting spot to relax and enjoy the outdoors. A detached garage with loft space provides valuable additional storage and potential workshop space, while multiple-car parking adds convenience. An exciting improvement is also underway nearby: a new approximately 25-foot-high sound wall is being installed, providing a substantial new buffer between the property and the roadway and helping reduce roadway noise. Located in Newton's Auburndale neighborhood, the home offers a wonderful combination of neighborhood living and accessibility, just one block from Williams Elementary.

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 2,127 sq ft principal dwelling). Lot size: 18,325 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

Original Price$1,295,000
Annual Taxes$9,935

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms9
Fireplaces1
FlooringTile, Carpet, Hardwood, Flooring - Hardwood
BasementFull, Concrete, Unfinished

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Slate
FoundationStone
ZoningSR3

Property & Lot

Acres0.42
SqFt Lot18,325
Lot FeaturesCleared

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Third
Primary BedroomBathroom 3
Second
Bedroom 2Bedroom 3Bedroom 4Bedroom 5Bathroom 2
First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First

Countertops - Stone/Granite/Solid, Breakfast Bar / Nook

Primary Bedroom
Lvl Third

Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Hardwood

Bedroom 4
Lvl Second

Flooring - Hardwood

Bedroom 5
Lvl Second

Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Tiled With Shower Stall

Bathroom 2
Lvl Second

Bathroom - Tiled With Shower Stall

Bathroom 3
Lvl Third

Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Adams & Co. Team

Listing Office: Real Broker MA, LLC

MLS® Number: 73580381