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861 Commonwealth Ave Newton — Photo 1 of 19

861 Commonwealth Ave Newton — Photo 1 of 19

$2,195,000

Investment Analysis — 861 Commonwealth Ave

Newton, MA 02459 — Newton Center

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02459 carries an estimated $4,540/mo in gross rent — about a 1.22% cap rate and $26,864/yr in estimated NOI at the $2,195,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3

SqFt

2,640

Style

Single Family

Built

1913

This lovely Arts & Crafts-style residence, with beautiful original woodwork and architectural details, is conveniently located in Newton Centre on the Carriage Lane. An expansive enclosed front porch opens to a gracious foyer that flows into an oversized living room with a fireplace and a beamed ceiling, and continues into a spacious dining room with built-ins. The renovated eat-in kitchen, appointed with top-of-the-line appliances and custom cabinets, overlooks the lush, level backyard with a patio and an in-ground swimming pool. Also found on the first level are a mudroom and laundry room off the kitchen, a family room/office that could also be used as a guest bedroom, and a renovated full bathroom. An elegant staircase leads to the second level comprised of a wonderful primary bedroom suite with a renovated bathroom. Three other spacious bedrooms, and a renovated bathroom complete this level. Further enhancing this property are gleaming hardwood floors, a porte cochere, a detached two-car garage, gas systems, and easy access to the Mason-Rice School, the “T”, Newton Centre shops and restaurants, and major routes.

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 2,640 sq ft principal dwelling). Lot size: 9,607 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.

Open Houses

Property Details

Financials

Original Price$2,195,000
Annual Taxes$14,541

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms8
Fireplaces1
FlooringHardwood, Flooring - Hardwood
BasementInterior Entry, Bulkhead, Unfinished

Climate & Utilities

HeatingSteam, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningSR2

Property & Lot

Acres0.22
SqFt Lot9,607
Lot FeaturesLevel

Amenities & Appliances

Oven • Dishwasher • Range • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Golf • Medical Facility • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Third
Bathroom 3
Second
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Closet/Cabinets - Custom Built, Flooring - Hardwood

Kitchen
Lvl First

Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Remodeled

Family Room
Lvl First

Flooring - Hardwood

Primary Bedroom
Lvl Second

Bathroom - Full, Flooring - Hardwood

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Hardwood

Bedroom 4
Lvl Second

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

Bathroom - Full, Countertops - Stone/Granite/Solid, Remodeled

Bathroom 2
Lvl Second

Bathroom - Full, Countertops - Stone/Granite/Solid, Remodeled

Bathroom 3
Lvl Third

Bathroom - Full, Countertops - Stone/Granite/Solid, Remodeled

Listing Provided By

Listing Agent: Debby Belt

Listing Office: Hammond Residential Real Estate

MLS® Number: 73580639