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.
For sale
$1,999,999
262 Adams St, Newton, MA 02458
10beds
4,500sqft
Est.:
5-9 Family
Built in 1920
-- sqft lot
$1,943,400 Zestimate®
$444/sqft
$-- HOA
What's special
- 70 days
- on Zillow |
- 402 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: June 06, 2025 at 12:06am
Listed by:
Ethan Piani-Hohmann,
Shilalis Real Estate,
Ethan Piani-Hohmann
Source: MLS PIN,MLS#: 73383953
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
- Full bathrooms: 5
Features
- Basement: Bulkhead
- Has fireplace: No
Interior area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
- Finished area above ground: 4,500
Property
Parking
- Total spaces: 3
- Parking features: Off Street
Lot
- Size: 4,069 Square Feet
- Features: Corner Lot, Cleared, Level
Details
- Parcel number: 682399
- Zoning: BU2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Asphalt/Composition Shingles
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University
Location
- Region: Newton
Financial & listing details
- Price per square foot: $444/sqft
- Tax assessed value: $1,327,700
- Annual tax amount: $24,365
- Date on market: 6/2/2025
- Listing terms: Contract
- Exclusions: Tenant Belongings And Any Appliances Or Fixtures Not Owned By The Seller.
- Total actual rent: 8045
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