581 California Newton — Photo 1 of 22
$1,475,000
Investment Analysis — 581 California
Newton, MA 02460
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02460 carries an estimated $4,490/mo in gross rent — about a 1.81% cap rate and $26,742/yr in estimated NOI at the $1,475,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
3,670
Style
Single Family
Built
1952
Offering an impressive combination of space, versatility, and thoughtful updates, this Newton home provides a floor plan designed to accommodate the way you live today. The main level is anchored by a beautifully renovated, oversized kitchen with an expansive island, opening seamlessly to the living and dining areas and creating a natural gathering place at the center of the home. A dedicated home office adds valuable separation for work or study.The second floor features four bedrooms on one level, including a generous primary suite with an en-suite bath and private deck. A second full bath and conveniently located laundry complete the floor.The third level provides substantial additional living space with the flexibility to serve as a family room, playroom, home gym, or media room. A large deck extends this level outdoors, creating an inviting setting for relaxing or entertaining.The finished lower level, complete with a private entrance, offers even greater flexibility for extended family, guests, or recreation. Multiple decks, a fenced backyard, and ample off-street parking complete a home that delivers an exceptional amount of usable space in Newton.
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 3,670 sq ft principal dwelling). Lot size: 10,201 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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Amenities & Appliances
Gas Water Heater • Oven • Dishwasher • Disposal • Trash Compactor • Microwave • Range • Refrigerator • Washer • Dryer
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Listing Agent: Lev Borinski
Listing Office: Coldwell Banker Realty - Newton
MLS® Number: 73574823
