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987-989 Boylston Street, Newton MA 02461

Newton, MA 02461
$1,628,000
Est. $9,360/month
7
Beds
3
Baths
2,726
Sq Ft
$597
Price/Sq Ft
0.10
Acres
1912
Year Built
5
Parking
12 hours 22 minutes
Time on Market
Active Listed Jul 8, 2026 • MLS# 73546584 Copied! • Updated Jul 8, 2026

About this home

Rare opportunity to own a spacious two-family property in the highly desirable Chestnut Hill/Newton Highlands area. Located across from the Longwood Cricket Club and just minutes from the MBTA Green Line, it is located at the Chestnut Mall neighborhood with fine dining, and shopping this property offers both convenience and strong investment potential. Both units feature two levels of living space. # 987 is occupied by a long-term tenant, providing immediate rental income. #989 offers an expansive townhouse-style layout with 5 bedrooms, 2 full bathrooms, and charming front porches, and can be delivered vacant for owner occupancy or market-rate rental. The property includes six off-street parking spaces and separate systems for each unit. Whether you're seeking an investment property, a 1031 exchange opportunity, or a multi-generational living arrangement, this versatile property offers exceptional value in one of Greater Boston's most sought-after neighborhoods.

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Recently Sold Nearby

Property History

Market Insights

40.4%
Price Range
1
Previous Sales

Property Timeline

🏠
Listed for Sale
Jul 8, 2026
$1,628,000
Original listing
Agent: Winner Yam McDonald Office: William Raveis R.E. & Home Services
Previous Transaction - MLS #72289439
Full transaction history available when tracking began
🏷️
Previously Sold
May 14, 2018
$970,000
MLS #72289439

Tax History

Year Taxes Assessment
2026 $11,134 $1,170,000

Financial Details

Annual Property Tax
$11,134
Tax Year 2026
Assessed Value
$1,170,000

Facts & Features

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1912
Living Area 2,726 sq ft
Lot Size 0.10 acres
Bedrooms 7
Full Baths 3
Total Rooms 12

Investment Metrics

Units 2
Unit 1 Rent $2,600/mo · Y
Unit 2 Rent $43/mo · N
Total Monthly Rent $2,643/mo
Gross Income $51,600
Net Operating Income $51,600
Cap Rate 3.17%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full
Laundry None
Features None
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive
Total Spaces 5
Electric 110 Volts
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $11,134
Assessed Value $1,170,000
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Seller Has Never Occupied The Property. Buyer/buyer’s Agent To Perform Due Diligence. 1st-floor Unit Is Tenant-occupied By A Long-term Tenant With Excellent Payment History. Sale Subject To Seller’s 1031 Exchange. Buyer’s Cooperation, Understanding, And Patience With Exchange Timelines Appreciated.
Exclusions Exclusions Tenants Personal Property Such As Washer And Dryer In The Basement.
Possession None
Accepted Financing None
Structure Type []
House Color White
Sq Ft Source Public Record
Documents None
County Middlesex

Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1912
Bedrooms
7
Full Bathrooms
3
Living Area
2,726 sq ft
Total Rooms
12
Stories
4
Levels
4

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1912
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Granite
Stories: 4

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 5
Parking Features: Paved Drive
School District
Newton School District local
A+
School Safety 2024-25
0.3% Low
0.3% Suspensions 0.7% In-School
5.2% below state avg
E

Elementary Schools

3 schools
A
Countryside School
0.6 mi | #110 of 824 | Score: 58.7
Improved 6 spots from last year
+0.5 above state avg
369 students Diverse
Diverse Student Body
Grades K-05
A
Zervas School
0.8 mi | #148 of 824 | Score: 57.2
Improved 66 spots from last year
-1 below state avg
399 students Very Diverse
Rising School Diverse Student Body
Grades K-05
A+
Mason-Rice School
1.1 mi | #33 of 824 | Score: 63.6
Improved 11 spots from last year
+5.4 above state avg
321 students Diverse
Grades K-05
M

Middle Schools

2 schools
A+
Oak Hill Middle School
1.2 mi | #23 of 352 | Score: 60.8
Improved 14 spots from last year
+2.6 above state avg
649 students Diverse
Diverse Student Body
Grades 06-08
A+
Charles E Brown Middle School
1.3 mi | #2 of 352 | Score: 66.4
Improved 36 spots from last year
+8.2 above state avg
713 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

3 schools
Fusion Academy
0.9 mi
Grades 06-12
A+
Newton South High School
1.3 mi | #5 of 346 | Score: 77.9
Improved 20 spots from last year
+19.7 above state avg
1,898 students Diverse
20 sports • 2,730 athletes
Strong AP Program High Graduation Rate Rising School Career Tech Programs
Grades 09-12
A+
Newton North High School
1.8 mi | #7 of 346 | Score: 76.5
Improved 44 spots from last year
+18.3 above state avg
2,096 students Diverse
20 sports • 3,076 athletes
Strong AP Program High Graduation Rate Rising School Career Tech Programs
Grades 09-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $928
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

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Current Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

987-989 Boylston Street, Newton MA 02461

Newton, MA 02461

Listing Information

Listing Agent Winner Yam McDonald
Listing Office William Raveis R.E. & Home Services
Office Phone 617-322-3933
Agent MLS ID CN205078
Office MLS ID AN0762
Listing Data Updated Jul 8, 2026 1:41 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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