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393 Commonwealth Newton — Photo 1 of 42

$4,749,000

Investment Analysis — 393 Commonwealth

Newton, MA 02467 — Chestnut Hill

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02467 carries an estimated $5,380/mo in gross rent — about a 0.29% cap rate and $13,974/yr in estimated NOI at the $4,749,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

5,368

Style

Single Family

Built

1930

Set on a corner lot of over 30,000 square feet of beautifully manicured, level grounds along Commonwealth Avenue’s coveted carriage lane at the crest of Heartbreak Hill, this distinguished brick Georgian seamlessly blends classic architecture with refined modern updates. Enter the gracious foyer to find a sweeping staircase crowned by a majestic crystal chandelier. The formal dining room boasts a striking gas Onyx Marble fireplace and flows effortlessly into a sun-filled conservatory, while the formal living room conveniently adjoins a sophisticated classic bar lounge. The reimagined main level is designed for today’s lifestyle, featuring a stunning open-concept kitchen and a spacious family room that serve as the heart of the home, ideal for both intimate family life and large-scale entertaining. A private home office with custom built-ins, a beautifully renovated mudroom, and two powder rooms complete this level.The second floor offers a luxurious primary suite complete with an exceptional custom walk-in closet and a fully renovated, spa-inspired bath with a steam shower, accompanied by two additional bedrooms and a full bath. The third floor provides a versatile and private teen suite featuring two generously sized bedrooms and a renovated full bath, offering exceptional flexibility for guests, family members, or dedicated home officesOutside, the impressive grounds showcase mature landscaping, extensive stonework, a renovated heated in-ground pool, and a fully equipped professional chef’s outdoor kitchen, creating a private backyard retreat designed for effortless entertaining. Situated within the highly sought-after Ward School district, this exceptional property offers convenient access to Newton Centre, the Mass Pike, premier local schools, shopping, dining, and downtown Boston.

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 5,368 sq ft principal dwelling). Lot size: 30,372 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.