Sold for $1,940,000

$1,940,000

2 Four Mechanic St, Newton Upper Falls, MA 02464

12beds

4,877sqft

4 Family

Built in 1850

-- sqft lot

$-- Zestimate^®

$398/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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What's special

New windowsHardwood floorsOpen layoutGranite countertopsStainless-steel appliancesNew kitchensNew wood siding

2-4 Mechanic Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location at a 6.05% cap rate on current income with rental upside. 2-4 Mechanic Street is a two-story building with four (4), 3-Bedroom/2-Bathroom duplex style units. The building was comprehensively renovated in 2019 and each of the four duplex units features open layout with new kitchens featuring white custom cabinets, granite countertops, and stainless-steel appliances. The units also have hardwood floors, in-unit laundry, new individual HVAC heating systems. The exterior of the Property was alco renovated and has a new roof, new wood siding and new windows. Additionally, there are Four (4) parking spaces at the rear of the property which is accessed through 204-206 Elliot Street (Driveway Easement). The subject property is ideal for a potential buyer looking for income growth and strong investment returns.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 8
Full bathrooms: 8

Heating

Central

Cooling

Central Air

Appliances

Included: Washer, Dryer

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 4,877
Total interior livable area: 4,877 sqft

Property

Parking

Total spaces: 4
Parking features: Off Street
Uncovered spaces: 4

Lot

Size: 4,530 Square Feet
Features: Corner Lot

Details

Parcel number: 693897
Zoning: MR2

Construction

Type & style

Home type: MultiFamily
Property subtype: 4 Family

Materials

Foundation: Stone
Roof: Shingle

Condition

Year built: 1850

Utilities & green energy

Electric: Individually Metered
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station

Location

Region: Newton Upper Falls

Financial & listing details

Price per square foot: $398/sqft
Tax assessed value: $1,519,900
Annual tax amount: $14,983
Date on market: 1/14/2026
Total actual rent: 12400

Price history

Date	Event	Price
3/15/2024	Sold	$1,940,000-0.5%$398/sqft
Source: MLS PIN #73195349 Report a problem
1/22/2024	Listed for sale	$1,950,000-11.2%$400/sqft
Source: MLS PIN #73195349 Report a problem
5/16/2023	Listing removed	$2,195,000$450/sqft
Source: MLS PIN #73086565 Report a problem
4/25/2023	Price change	$2,195,000-4.4%$450/sqft
Source: MLS PIN #73086565 Report a problem
3/30/2023	Price change	$2,295,000-4.2%$471/sqft
Source: MLS PIN #73086565 Report a problem
3/10/2023	Listed for sale	$2,395,000$491/sqft
Source: MLS PIN #73086565 Report a problem