262 Adams St, Newton, MA 02458

Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
#1#2#3
262 Adams St,Newton, MA 02458
$1,999,999
  • 10 Beds
  • 5 Baths
  • 4,500 sq. ft.
  • Multi-family
  • Active
Listed by:ethan piani-hohmann
Office:shilalis real estate
MLS#:73383953
Source:MLSPIN

Price summary

  • Price:$1,999,999
  • Price per sq. ft.:$444.44

About this home

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.

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Home facts

  • Year built:1920
  • Listing Id #:73383953
  • Updated:August 14, 2025 at 10:28 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:5
  • Full bathrooms:5
  • Living area:4,500 sq. ft.

Structure and exterior

  • Roof:Asphalt/Composition Shingles
  • Year built:1920
  • Building area:4,500 sq. ft.
  • Lot area:0.09 Acres

Schools

  • High school:Newton North
  • Middle school:Bigelow
  • Elementary school:Lincoln-Eliot

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,999,999
  • Price per sq. ft.:$444.44
  • Tax amount:$24,365 (2025)
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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