For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
Check Availability
Newton 02464 Newton Upper Falls
48 River Ave
Photo of 48 River Ave

9

Map

Photo of 48 River Ave
Photo of 48 River Ave
$1,325,000
↓ $70K (5%)
● Land - For Sale

48 River Ave

Newton, MA 02464
bedrooms
Studio
bathrooms
0 Bath
$7,227
Est. Monthly

About This Property

Rare, fully permitted, shovel ready, 2 luxury townhomes project available on the Charles River in Newton. Located on a tranquildead-end street, the property consists of a single family on a 11,647 SqFt lot, with extensive shoreline, ideal for kayaking andfishing. The plans feature spacious layouts for each unit, including living, dining, and family rooms, three bedrooms and 3.5bathrooms, 3,724Sqft and 3,646Sqft each. Ideally located with quick access to I-95, Route 9, and D line MBTA train, the propertyoffers easy commuting. The plans incorporate ample yard space and off-street parking. Permit details and design drawings areavailable upon request.
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
Land
Property Taxes
$720
HOA Dues
-
Year Built
1962

Listed By

Johnny Ruiz
Centre Realty Group

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (MLSPIN #73530433)

Price History

Date / Event Date Event Price
Jul 21, 2026 Price Decreased $1,325,000
↓ $70K (5%)
Price Decreased
Jun 4, 2026 Listed by Centre Realty Group $1,395,000
Listed by Centre Realty Group
Jun 2, 2026 Temporarily off market -
Temporarily off market
May 4, 2026 Listed by Centre Realty Group $1,395,000
Listed by Centre Realty Group
Rare, fully permitted, shovel ready, 2 luxury townhomes project available on the Charles River in Newton. Located on a tranquil dead-end street, the property consists of a single family on a 11,647 SqFt lot, with extensive shoreline, ideal for kayaking and fishing. The plans feature spacious layouts for each unit, including living, dining, and family rooms, three bedrooms and 3.5 bathrooms, 3,724Sqft and 3,646Sqft each. Ideally located with quick access to I-95, Route 9, and D line MBTA train, the property offers easy commuting. The plans incorporate ample yard space and off-street parking. Permit details and design drawings are available upon request.
Aug 10, 2023 Sold
Premium
Sold
Show More

Property Highlights

Exterior Details
Waterfront Features: Waterfront
Building Area Units: Square Feet
Lot Features: Other
Lot Size Area: 0.27
Lot Size Units: Acres
Lot Size Acres: 0.27
Lot Size Square Feet: 11675
Water Source: Public
Financial Details
Tax Assessed Value: $881,700
Tax Annual Amount: $8,641
Utilities Details
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,647
  • Total Building Area: 1,512
  • Gross Building Area: 2,592
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000267
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 374100

Zoning

  • Zoning: MR1

Geography

  • Account Number: 51044 0001A
  • District: 207
  • Parcel: NEWT S:51 B:044 L:0001A
  • Block: 44
  • Lot: 1A
  • Municipality: NEWTON
  • Latitude: 42.3117
  • Longitude: -71.2265

    Address

  • Full Address: 48 River Ave
  • Address - House Number: 48
  • Address - Street Name: River
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Newton Upper Falls
  • Carrier Code: C095
  • 4-Digit Zip Code: 1347
  • Zip Code: 02464

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $835,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.154
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 81
  • Final Value: 977,905
  • High Value: 1,128,553
  • Low Value: 827,258

    Assessments Valuation

  • Assessed Year: 2024

    Sales

  • Current Sale Contract Date: Aug 09, 2023
  • Current Sale Recording Date: Aug 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 89391
  • Previous Sale Recording Date: Aug 01, 1994
  • Previous Sale Amount: $229,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Newton Upper Falls

Stats & Trends

Median Asking:

$1,425,000

Sale Price/ft²

$535

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2367 ft²

Average Home Age

50 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 3 months ago
Data Source: MLS PIN, MLS# 73530433

Frequently Asked Questions

When was property at 48 River Avenue built and last sold?
The property at 48 River Avenue was built in 1962 and last sold on Aug 9, 2023 for $950,000.
How much is this home worth?
The estimated value of the home located at 48 River Avenue is $1,338,250.
What are some comparable homes to 48 River Avenue?
There are currently no comparable homes to 48 River Avenue.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Newton Homes for Sale
Newton Houses for Sale
Newton Condos for Sale
Newton Townhouses for Sale
Newton Multifamily for Sale
Newton Land for Sale
Newton Commercial for Sale
Newton Homes with Basements
Nearby Cities
Cambridge Homes for Sale
Somerville Homes for Sale
Brookline Homes for Sale
Medford Homes for Sale
Waltham Homes for Sale
Arlington Homes for Sale
Malden Homes for Sale
Lexington Homes for Sale
Nearby Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Suffolk County, MA Property Records
Essex County, MA Property Records
Worcester County, MA Property Records
Providence County, RI Property Records
Bristol County, MA Property Records
Plymouth County, MA Property Records
Neighborhoods
South End Real Estate
Back Bay Real Estate
Maplewood Real Estate
Coolidge Corner Real Estate
Thompson Square - Bunker Hill Real Estate
Watertown West End Real Estate
Commonwealth Real Estate
Glendale Real Estate
Nearby Counties
Cambridge Homes for Sale
Somerville Homes for Sale
Brookline Homes for Sale
Medford Homes for Sale
Waltham Homes for Sale
Arlington Homes for Sale
Natick Homes for Sale
Malden Homes for Sale
Top Real Estate Agents
Top Agents in Newton Upper Falls
Top Agents in Newton
Top Agents in Cambridge
Top Agents in Cambridge
Top Agents in Somerville
Top Agents in Somerville
Top Agents in Brookline
Top Agents in Brookline