987-989 Boylston Street, Newton MA 02461
Newton, MA 02461
$1,628,000
$1,548,000
Est. $8,955/month
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About this home
Price Reduced by $80,000! Rare opportunity to own a spacious two-family home in the highly desirable Newton Highlands/Chestnut Hill area, offering an exceptional combination of location, convenience, and investment potential. Ideally situated directly across from the prestigious Longwood Cricket Club, this property is just a 10-minute walk to Eliot Station on the MBTA Green Line, providing easy access to Boston and surrounding communities. Enjoy the best of Newton living with close proximity to Newton Centre, Brookline, Boston College, Chestnut Hill Mall, fine dining, shopping, parks, and everyday amenities, all within reach. Located in the renowned Newton public school system, this property is perfect for investors, owner occupants, 1031 exchange buyers, or multi-generational living. Both units offer two levels of living space with excellent flexibility. Unit #987 is occupied by a long-term tenant, providing immediate rental income, while Unit #989 features a spacious townhouse-style layout with 5 bedrooms, 2 full bathrooms, charming front porches, and can be delivered vacant for owner occupancy or market-rate rental opportunities. Recent improvements include new front-facing windows for the second-floor unit and two new hot water heaters installed in July 2026. The property also features separate utilities and systems for each unit, plus six off-street parking spaces, a rare convenience in this sought-after Newton neighborhood. With its prime location near transportation, top-rated schools, premier shopping, and vibrant community amenities, this exceptional two-family residence offers outstanding value and long-term potential. Don’t miss this opportunity to own a versatile property in one of the most desirable areas of Newton, now offered at an incredible value following an $80,000 price reduction.
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Property History
Market Insights
1
Price Changes
4.9%
Price Range
Property Timeline
Price Reduced
Aug 6, 2026
$1,548,000
$80,000
(-4.91%)
From $1,628,000 to $1,548,000 (-4.9%)
Listed for Sale
Jul 8, 2026
$1,628,000
Original listing
Agent: Winner Yam McDonald
Office: William Raveis R.E. & Home Services
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/06/2026 | ↓ Price Reduced | $1,548,000 | $80,000 | - | From $1,628,000 to $1,548,000 (-4.9%) |
| 07/08/2026 | 🏠 Listed for Sale | $1,628,000 | - | - | Original listing |
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
Stories
4
Bedrooms
7
Full Baths
3
Total Rooms
12
Investment Metrics
Units
2
Unit 1 Rent
$3,134/mo · Y
Unit 2 Rent
$43/mo · N
Total Monthly Rent
$3,177/mo
Gross Income
$51,600
Net Operating Income
$51,600
Cap Rate
3.33%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive
Total Spaces
5
Utilities
Electric
110 Volts
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$11,134
Assessed Value
$1,170,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Certified Treated
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.
Exclusions
Exclusions Tenants Personal Property Such As Washer And Dryer In The Basement.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
White
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
40 days
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
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,726 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
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
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
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
Aug 17, 2026 7:08 AM 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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