MA > Newton
Newton, MA 02458,262 Adams St
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Newton, MA 02458,262 Adams St
Newton, MA 02458,262 Adams St
Newton, MA 02458,262 Adams St
Newton, MA 02458,262 Adams St
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Susana Murphy

Susana Murphy

ALANTE Real Estate

+1(508) 345-5632
$ 1,999,999
Est. payment /mo
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262 Adams St Newton, MA 02458

10 Beds

5 Baths

4,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $444

MLS Listing ID 73383953

Bedrooms 10

Full Baths 5

Year Built 1920

Annual Tax Amount $24,365

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type 5-9 Family

Property Description

Fully-tenanted mixed-use corner portfolio consisting of 262 Adams St and 40 Middle St-two separate buildings situated on one lot-offering an exceptional opportunity in Newton's BU2 zoning district. The portfolio includes four residential units and one commercial office space, with gross rental income of $11,650/month. There is potential to expand into a sixth residential unit, subject to city approvals. The commercial tenant is leased through August 2027, while all residential units are Tenant-at-Will, providing flexibility for future rent adjustments or repositioning. All current rents are well below market, offering considerable upside. The properties feature Queen Anne Colonial and Victorian architecture, separate utilities, off-street parking, and close proximity to the Mass Pike, Rt. 95, Whole Foods, YMCA, and public transit-ideal for investors, 1031 exchange buyers, long-term hold strategies, or future development opportunities.

Location

State MA

County Middlesex

Zoning BU2

Direction GPS Friendly.

Rooms

Basement Bulkhead

Exterior

Community Features Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University

Roof Type Asphalt/Composition Shingles

Total Parking Spaces 3

Garage No

Building

Lot Description Corner Lot, Cleared, Level

Story 9

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Schools

Elementary Schools Lincoln-Eliot

Middle Schools Bigelow

High Schools Newton North

Others

Senior Community false

Acceptable Financing Contract

Listing Terms Contract

Listed by Shilalis Real Estate
agent

Susana Murphy

Broker | ANAN0279

+1(508) 345-5632

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