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.
— MLSPIN #: 73383953Map of 262 Adams St, Newton, MA 02458
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| List Price: | $1,999,999 |
|---|---|
| Status: | Active |
| MLS ID: | 73383953 |
| Town: | Newton |
| County: | Middlesex |
| Zip: | 02458 |
| Property Type: | Residential Income |
| Property Sub Type: | 5-9 Family |
| Bedrooms: | 10 |
| Full Baths: | 5 |
| Living Area: | 4,500 sqft |
| Acres: | 0.09 |
| Taxes: | 24,365 |
| Lot Features: | Corner Lot, Cleared, Level |
| Parking Features: | Off Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1920 |
| Roof: | Asphalt/Composition Shingles |
| Directions: | GPS Friendly. |
| Foundation Details: | Brick/Mortar |
| Construction Materials: | Brick |
| Listing Contract Date: | 2025-06-02 |
| Lot Size Area: | 0.09 |
| Lot Size Square Feet: | 4,069 |
| Rooms Total: | 24 |
| Bathrooms Total Integer: | 5 |
| Basement: | Bulkhead |
| Building Area Source: | Other |
| Building Area Total: | 4,500 |
| Community Features: | Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University |
| Levels: | 9 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 5 |
| Parcel Number: | 682399 |
| Sewer: | Public Sewer |
| Zoning: | BU2 |
| Elementary School: | Lincoln-Eliot |
| Exclusions: | Tenant Belongings And Any Appliances Or Fixtures Not Owned By The Seller. |
| High School: | Newton North |
| Middle Or Junior School: | Bigelow |
| Stories Total: | 9 |
| Year Built Source: | Public Records |
| Disclosures: | Seller has never occupied the property and makes no representations or warranties. Buyer and buyers agent to perform all due diligence. Property sold as-is. Do not disturb tenants. Showings by appointment only. |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $139,800 |
| Listing Agreement: | Exclusive Right To Sell |
| Listing Terms: | Contract |
| Apod Available: | No |
| Comp Based On: | Gross/Full Sale Price |
| Disclosure: | Yes |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 1 |
| Flrs 4: | 2 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | Yes |
| Lease 4: | Yes |
| Levels 1: | 1 |
| Levels 2: | 2 |
| Levels 3: | 1 |
| Levels 4: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $444.44 |
| Page: | 172 |
| Price Per Sqft: | $444.44 |
| Square Feet Disclosures: | Living area is approximate and based on public record. Buyer and agent to verify independently. |
| Square Feet Incl Base: | No |
| Sub Agency Offered: | No |
| Year Round: | Yes |
| Net Operating Income: | $121,140 |
| Original List Price: | $1,999,999 |
| Parking Total: | 3 |
| Tax Assessed Value: | $1,327,700 |
| Tax Year: | 2025 |
| Total Actual Rent: | $8,045 |
| Year Built Details: | Actual |
| Bedrms 1: | 1 |
| Bedrms 2: | 2 |
| Bedrms 3: | 1 |
| Bedrms 4: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| F Bths 4: | 1 |
| Rent1: | 1,995 |
| Rent2: | 2,100 |
| Rent3: | 1,700 |
| Rent4: | 2,250 |
Disclaimer:
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, landlords 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, leasing or renting 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, leasing or renting. 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.
MLS Property Information Network, Inc. data last updated on August 01, 2025 11:39 PM
Property Last Updated: June 06, 2025 03:06 AM
Listing Courtesy of: Shilalis Real Estate
Listing Agent: Ethan Piani-Hohmann
781-879-0863
