
249 Crafts St Newton — Photo 1 of 38
$1,250,000
Investment Analysis — 249 Crafts St
Newton, MA 02460 — Newtonville
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02460 carries an estimated $7,880/mo in gross rent — about a 4.96% cap rate and $61,943/yr in estimated NOI at the $1,250,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
3
SqFt
3,365
Style
2 Family - 2 Units Up/Down
Built
1910
Located in fabulous Newtonville, this two family home is ready for the next owner. It offers a great opportunity for an investor or end user. Generously sized rooms, high ceilings, beautiful moldings and lots of natural light throughout. Unit one has double French doors that lead into the living room with built in bookcases. It opens into the dining room with bookcases and built in China cabinet. The eat in kitchen has a separate pantry, wooden cabinets and granite countertops. There are two bedrooms & a full bathroom. There is access to a lovely deck. Unit two has a large living room, which opens into the dining room with built-in China cabinet. The kitchen has a wood burning stove, wooden cabinets and linoleum flooring. There is a lovely porch off the main hallway. There are two bedrooms, one with a walk-in closet and a full bathroom tiled with tub and shower. The third floor has a very large living area with two additional bedrooms and a full bathroom. There’s also an additional room that could be used as an office. The fenced in yard offers wonderful outdoor space & there is ample room in the driveway for 6+ cars. The unfinished walkout basement has laundry & lots of room for storage. Within close proximity to Newtonville, express bus, commuter rail, shopping, schools & restaurants.
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 MLS and other third-party data may be inaccurate or out of date.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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Listing Agent: The Kennedy Lynch Team
Listing Office: Hammond Residential Real Estate
MLS® Number: 73575051

