262 Adams St Active Save Request In-Person Tour Request Virtual Tour
Newton,MA 02458
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
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
Exterior
Community Features Public Transportation,Shopping,Medical Facility,Laundromat,Highway Access,Public School,T-Station,University
Roof Type Asphalt/Composition Shingles
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
Acceptable Financing Contract
Listing Terms Contract