138 Tolman Street Newton — Photo 1 of 31
$1,295,000
Investment Analysis — 138 Tolman Street
Newton, MA 02465
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02465 carries an estimated $3,800/mo in gross rent — about a 1.82% cap rate and $23,630/yr in estimated NOI at the $1,295,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,610
Style
Single Family
Built
1963
Beautifully renovated single-floor ranch offering effortless one-level living in one of Newton's desirable neighborhoods. This move-in ready 3-bedroom, 2.5-bath home has been thoughtfully updated with every major upgrade already complete, so you can simply move in and enjoy. The sun-filled main level features hardwood floors, new windows throughout. Beautiful skylight windows in both the dining room and primary bedroom pour in natural light year-round. The renovated kitchen boasts new cabinetry and modern finishes, ideal for everyday cooking and entertaining. Both full bathrooms have been tastefully updated with fresh fixtures and clean, contemporary design. The partially finished lower level provides valuable bonus space - perfect for an home office, playroom, or media room, plus a half bath and generous storages. A new electric water heater rounds out the list of big-ticket updates. Located near top-rated Newton schools, commuter rail, the Green Line, shops and restaurants.
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 2,610 sq ft principal dwelling). Lot size: 10,020 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Conservation Area • Public School
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Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstOffice
Lvl BasementFamily Room
Lvl FirstMaster Bedroom
Lvl FirstBedroom 2
Lvl FirstBedroom 3
Lvl FirstBathroom 1
Lvl BasementListing Agent: Gohar Meliksetyan
Listing Office: BENJAMIN Apartments + Cityside Homes
MLS® Number: 73572978
