886-888 Chestnut St, Newton, MA 02468
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$1,600,000
2 Unit
5 Beds
3 Baths
2422 SQFT
0.30 Acre

Property Description

Solid two family home offered for the first time in generations. Home is in the desirable Angier School district and sits on a large 13,100sf lot of land. Featuring spacious units with south facing living rooms that get plenty of sun. First floor highlights are an updated oak kitchen and an en suite 2nd bath. Hardwood flooring throughout both units. 2nd floor features replacement windows throughout, freshly painted interiors and sanded hardwoods, and a full walk up, unfinished attic for potential expansion. There is a two car direct entry garage. The lot is 200 feet deep and should allow for expansion or development of new construction. Buyer to do all due diligence. Both units are occupied by tenants through June 30, 2025.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Total Fireplaces: 2
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Garage Access, Interior Access, Unfinished Basement, Walk Out
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Tile Floor
  • Common Appliances: Disposal, Range, Refrigerator, Washer Hookup
  • Common Heating: Active Solar, Electric Baseboard, Electric Baseboard, Gas, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators, Oil, Radiant
  • Common Cooling: None

Financial

  • APOD Available: No
  • Expenses Source: Not Available
  • Gross Operating Income: 67200
  • Net Operating Income: 67200

Utilities

  • Heat Zones: 2
  • Electric Info: Fuses, Nearby
  • Energy Features: Insulated Doors, Insulated Windows, Storm Doors, Storm Windows
  • Utility Connections: for Electric Dryer, for Electric Oven, for Electric Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1956
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate, Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73339469
  • Last Updated: 03/06/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/05/2025Contingent$1,600,000$661MLSPIN
03/03/2025Active$1,600,000$661MLSPIN
02/27/2025New$1,600,000$661MLSPIN

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Seller's Representative: Ed Lyon, Preservation Properties
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-06 12:01:00

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