
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstCountertops - Stone/Granite/Solid, Breakfast Bar / Nook
Primary Bedroom
Lvl ThirdFlooring - Wall to Wall Carpet
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Hardwood
Bedroom 4
Lvl SecondFlooring - Hardwood
Bedroom 5
Lvl SecondFlooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Tiled With Shower Stall
Bathroom 2
Lvl SecondBathroom - Tiled With Shower Stall
Bathroom 3
Lvl ThirdBathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Adams & Co. Team
Listing Office: Real Broker MA, LLC
MLS® Number: 73580381
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