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For sale
  • $1,999,999

    262 Adams St, Newton, MA 02458

    10beds
    4,500sqft
    : 
    5-9 Family
    Built in 1920
    -- sqft lot
    $1,943,400 Zestimate®
    $444/sqft
    $-- HOA

    What's special

    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.
    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

    We'll find a local expert to take you on a private tour of 262 Adams St.

    Next available tour time:Tomorrow at 11am

    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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