48 River Ave Newton — Photo 1 of 9
Recent Drop: $70,000
$1,325,000
Investment Analysis — 48 River Ave
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 1.32% cap rate and $17,442/yr in estimated NOI at the $1,325,000 list price. Adjust every assumption in the calculator below.
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Rare, fully permitted, shovel ready, 2 luxury townhomes project available on the Charles River in Newton. Located on a tranquildead-end street, the property consists of a single family on a 11,647 SqFt lot, with extensive shoreline, ideal for kayaking andfishing. The plans feature spacious layouts for each unit, including living, dining, and family rooms, three bedrooms and 3.5bathrooms, 3,724Sqft and 3,646Sqft each. Ideally located with quick access to I-95, Route 9, and D line MBTA train, the propertyoffers easy commuting. The plans incorporate ample yard space and off-street parking. Permit details and design drawings areavailable upon request.
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 MLS and other third-party data may be inaccurate or out of date.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
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Park • Walk/Jog Trails • Medical Facility • Bike Path • Public School
Geography
Property History
$1,325,000
Was $1,395,000
Jul 21, 2026
MLS® 73530433
$1,395,000
Jun 4, 2026
MLS® 73530433
$1,395,000
Jun 2, 2026
MLS® 73512343
$1,395,000
May 4, 2026
MLS® 73512343
Listing Agent: Johnny Ruiz
Listing Office: Centre Realty Group
MLS® Number: 73530433
