31 Highland Avenue #2 Newton — Photo 1 of 11
$749,000
Investment Analysis — 31 Highland Avenue #2
Newton, MA 02460 — Newtonville
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02460 carries an estimated $3,390/mo in gross rent — about a 2.16% cap rate and $16,168/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,125
Style
Condominium
Built
1938
Welcome to this desirable south-facing condominium, ideally situated in the heart of Newtonville and just moments from restaurants, shops, commuter rail, and the Mass Pike. This bright and spacious home features beautiful polished hardwood floors throughout and an inviting open layout. The sun-filled living room boasts an elegant bay window and flows seamlessly into the formal dining area. A bright eat-in kitchen offers additional dining space, making it perfect for everyday living and entertaining. Oversized windows fill the spacious primary bedroom with an abundance of natural light, while the second bedroom provides excellent flexibility for guests, a home office, or additional living space. A full bathroom completes the home. Additional highlights include an assigned storage unit, and one deeded off-street parking space. With an unbeatable Newtonville location, this home puts nearly everything you need right outside your door. Restaurants, shopping, public transportation, and major commuting routes are all close by—so convenient and a rare find!
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 MLS and other third-party data may be inaccurate or out of date.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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Range Hood
Neighborhood
Public Transportation • Shopping • Laundromat • Highway Access • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl SecondFlooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan
Dining Room
Lvl SecondFlooring - Hardwood, Open Floorplan, Lighting - Overhead
Kitchen
Lvl Second11 x 16
Ceiling Fan(s), Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Open Floorplan, Lighting - Overhead
Primary Bedroom
Lvl Second15 x 14
Ceiling Fan(s), Flooring - Hardwood, Closet - Double
Bedroom 2
Lvl Second12 x 16
Bathroom 1
Lvl SecondBathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Sconce, Lighting - Overhead
Listing Agent: Ilene Solomon
Listing Office: Coldwell Banker Realty - Newton
MLS® Number: 73584439
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