983-989 Chestnut St #7FRONT Newton — Photo 1 of 19
$299,000
Investment Analysis — 983-989 Chestnut St #7FRONT
Newton, MA 02464 — Newton Upper Falls
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 02464 carries an estimated $2,860/mo in gross rent — about a 8.12% cap rate and $24,281/yr in estimated NOI at the $299,000 list price. Adjust every assumption in the calculator below.
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Built
1825
**RETAIL SPACE GROUND LEVEL WITH THREE OFF-STREET PARKING SPACES**Rare opportunity to own an efficient and well-located office/retail condo in Newton Upper Falls. This 504 square foot commercial unit offers a practical two-room layout, ideal for a private office, professional services, consulting, therapy, accounting, legal etc. The space features central air conditioning, a private bathroom, and three off-street parking spaces, providing excellent convenience for both owners and clients. With a low condo fee and a manageable footprint, this is a smart alternative to renting and an attractive option for an owner-user or investor. Located on Chestnut Street in the heart of Newton Upper Falls, the property offers easy access to Needham Street, Route 9, I-95/Route 128, public transportation, restaurants, shops, and nearby business amenities. Some photos AI-enhanced or virtually staged.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
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Listing Agent: Andrew Goldberg
Listing Office: Commonwealth Standard Realty Advisors
MLS® Number: 73535968
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