39 Charlemont Street Newton — Photo 1 of 14
$1,300,000
Investment Analysis — 39 Charlemont Street
Newton, MA 02461 — Newton Highlands
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02461 carries an estimated $5,220/mo in gross rent — about a 2.84% cap rate and $36,855/yr in estimated NOI at the $1,300,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,855
Style
Single Family
Built
1978
First time offered in 20 years! Distinctive 3BR, 2.5BA Colonial offering approx. 1,855 SF on a 6,098 SF corner lot in Newton Highlands. A skylit entry and striking open wood staircase introduce a flexible, light-filled interior. Spacious fireplaced living room features an expansive wall of windows overlooking mature greenery. Eat-in kitchen, dining area, 1st-floor laundry and half bath. Upstairs offers 3 generous bedrooms and 2 full baths, including a primary suite. Enjoy a surprisingly private fenced backyard with mature plantings, lawn and brick-paver patio. Exceptional location near the JCC, Chabad, Nahanton Park, Countryside School, Newton Community Farm, Charles River Country Club and Needham St. shops & dining. Short drive to Newton Centre, Crystal Lake & Chestnut Hill. Easy access to Rte 9 & 128/I-95. A wonderful opportunity to update, build or personalize and make this Newton home your own. Property is being sold in AS-IS, WHERE-IS condition. Buyer and Buyer's Agent to perform their own due diligence and independently verify all information.
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 1,855 sq ft principal dwelling). Lot size: 6,098 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater
Geography
Listing Agent: William T. Matt
Listing Office: WT Matt Realty
MLS® Number: 73576454