1. Massachusetts
  2. Newton
  3. 262 Adams St
$1,999,999

262 Adams St, Newton, MA 02458

  • 10 beds |
  • 5 baths |
  • 4,500 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $444/sqft
  • Property List Date Icon Listed 17 days ago

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.

Listing Status:
Active
Date Added:
June 2, 2025 at 05:00AM
Listing Office:
Shilalis Real Estate : 617-393-3458
Listing Agent:
Ethan Piani-Hohmann : 781-879-0863
MLS ID:
73383953
  • Basement: Bulkhead
  • Fireplace: Fireplaces: 0

This listing courtesy of Ethan Piani-Hohmann, Shilalis Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lincoln-Eliot

191 Pearl St, Newton, MA, 02458

Grades KG-5

0.25 miles away

B

Bigelow Middle School

42 Vernon St, Newton, MA, 02458

Grades 6-8

0.88 miles away

N

Newton North High School

457 Walnut St, Newtonville, MA, 02460

Grades 9-12

0.92 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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