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.
Sold for $1,940,000
$1,940,000
24 Mechanic St, Newton, MA 02464
12beds
4,877sqft
4 Family
Built in 1850
-- sqft lot
$1,538,500 Zestimate®
$398/sqft
$2,717 Estimated rent
Home value
$1,538,500
$1.23M - $1.95M
$2,717/mo
Zestimate® history
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$2,717/mo
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$9,835/mo
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Zillow last checked:
Listing updated:
Listed by:
John Pentore 781-776-4004,
Horvath & Tremblay 781-776-4000
Bought with:
John Pentore
Horvath & Tremblay
Source: MLS PIN,MLS#: 73195349
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
Financial & listing details
- Price per square foot: $398/sqft
- Tax assessed value: $1,519,900
- Annual tax amount: $14,983
- Date on market: 9/16/2026
- 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+36.8%$400/sqft |
Source: MLS PIN #73195349 Report a problem | ||
| 4/26/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/12/2023 | Listed for rent | $2,875+15%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/11/2018 | Listing removed | $2,500$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/20/2018 | Listed for rent | $2,500$1/sqft |
Source: Centre Realty Group Report a problem | ||
| 2/23/2018 | Sold | $1,425,000+87.7%$292/sqft |
Source: Public Record Report a problem | ||
| 7/1/2013 | Sold | $759,000+38%$156/sqft |
Source: Public Record Report a problem | ||
| 9/6/2006 | Sold | $550,000$113/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,909 +7.2% | $1,623,400 +6.8% |
| 2024 | $14,834 -5.2% | $1,519,900 -1.1% |
| 2023 | $15,652 +3.1% | $1,537,500 +6.5% |
| 2022 | $15,184 +1.9% | $1,443,300 +4.2% |
| 2021 | $14,903 +5% | $1,385,000 +1.9% |
| 2020 | $14,196 +5.5% | $1,359,800 +5.6% |
| 2019 | $13,462 +49.4% | $1,288,200 +54.6% |
| 2018 | $9,013 +7% | $833,000 +10% |
| 2017 | $8,421 -2.3% | $757,300 |
| 2016 | $8,618 -2% | $757,300 |
| 2015 | $8,792 +1.6% | $757,300 +6% |
| 2014 | $8,656 +7.2% | $714,200 +1.6% |
| 2013 | $8,077 +2.9% | $703,000 |
| 2012 | $7,853 +21% | $703,000 +18.1% |
| 2011 | $6,490 +4.7% | $595,400 |
| 2010 | $6,198 +4.5% | $595,400 |
| 2009 | $5,930 +2.7% | $595,400 |
| 2008 | $5,775 +13.1% | $595,400 +8.8% |
| 2007 | $5,104 | $547,000 |
Find assessor info on the county website
Neighborhood: Newton Upper Falls
Nearby homes
- $--3 bd2 ba-- sqft2 Mechanic St #2AR, Newton, MA 02464Off Market
- $--3 bd2 ba1.2k sqft2 Mechanic St #2R, Newton, MA 02464Off Market
- $--3 bd2 ba1.2k sqft2 Mechanic St #2F, Newton, MA 02464Off Market
- $--3 bd2 ba-- sqft2 Mechanic St #C2, Newton Upper Falls, MA 02464Off Market
- $989,2003 bd2 ba-- sqft2 Mechanic St #3H, Newton, MA 02464Off Market
- $915,3003 bd2 ba1.3k sqft2 Mechanic St #2, Newton, MA 02464Off Market
- $--3 bd2 ba1.1k sqft2 Mechanic St #1, Newton, MA 02464Off Market
- $--3 bd2 ba9.9k sqft2 Mechanic St, Newton, MA 02464Off Market
Nearby schools
GreatSchools rating
- 9/10Countryside Elementary SchoolGrades: K-5Distance: 0.8 mi
- 10/10Charles E Brown Middle SchoolGrades: 6-8Distance: 1.4 mi
- 10/10Newton South High SchoolGrades: 9-12Distance: 1.6 mi
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