Rare WEST NEWTON opportunity for BUILDERS, INVESTORS, or OWNER-OCCUPIERS seeking FLEXIBILITY. Set on an 8,810 SF lot in MR1 zoning, this property offers MULTIPLE VALUE-ADD PATHS. Seller has ALREADY OBTAINED HISTORICAL DEMOLITION APPROVAL, engaged an ARCHITECT for NEW DESIGN PLANS, and PERMIT APPLICATION is IN PROCESS—saving months of pre-construction time. Ideal for a FULL REBUILD into TWO MULTI-MILLION-DOLLAR HOMES or a HIGH-END CONDO PROJECT. Existing structure offers two spacious units with bonus rooms, updated kitchens, and attic expansion potential if you prefer a RENOVATION approach. Or simply HOLD for rental income while finalizing redevelopment plans. STEPS to West Newton Square, commuter rail, express bus, and major highways. Whether you HOLD, RENOVATE, or REBUILD, this property delivers ENDLESS POSSIBILITIES in one of Newton’s MOST DESIRABLE neighborhoods. OH Sat 11-12.30 and Sun 10.30-12.
— MLSPIN #: 73409119Map of 371 Cherry St., Newton, MA 02465
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| List Price: | $1,599,000 |
|---|---|
| Status: | Active |
| MLS ID: | 73409119 |
| Town: | Newton |
| County: | Middlesex |
| Zip: | 02465 |
| Property Type: | Residential Income |
| Property Sub Type: | 2 Family - 2 Units Up/Down |
| Bedrooms: | 4 |
| Full Baths: | 2 |
| Half Baths: | 1 |
| Living Area: | 3,113 sqft |
| Acres: | 0.2 |
| Taxes: | 11,695 |
| Appliances: | Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer |
| Cooling: | Central Air |
| Flooring: | Tile, Hardwood |
| Heating: | Forced Air, Natural Gas |
| Parking Features: | Paved Drive, Off Street, Paved |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1880 |
| Roof: | Slate |
| Directions: | Washington Street to Cherry Street. Use GPS. |
| Foundation Details: | Stone |
| Electric: | 200+ Amp Service |
| Construction Materials: | Frame |
| Listing Contract Date: | 2025-07-24 |
| Cooling?: | Yes |
| Fireplace?: | Yes |
| Heating?: | Yes |
| Lot Size Area: | 0.2 |
| Lot Size Square Feet: | 8,810 |
| Fireplaces Total: | 1 |
| Rooms Total: | 10 |
| Bathrooms Total Integer: | 3 |
| Building Area Source: | Public Records |
| Building Area Total: | 3,113 |
| Exterior Features: | Balcony, Rain Gutters, Professional Landscaping |
| Interior Features: | Ceiling Fan(s), Storage, Stone/Granite/Solid Counters, Bathroom With Tub, Floored Attic, Pantry, Open Floorplan, Living Room, Kitchen, Office/Den, Laundry Room |
| Levels: | 2 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 2 |
| Open Parking?: | Yes |
| Parcel Number: | 688891 |
| Patio And Porch Features: | Patio |
| Rent Includes: | Unit 1(Water), Unit 2(Water) |
| Road Surface Type: | Paved |
| Sewer: | Public Sewer |
| Zoning: | MR1 |
| Stories Total: | 2 |
| Year Built Source: | Public Records |
| Disclosures: | Vacant and easy to show. Lockbox on site and please text listing agent for the code. The lockbox locate at the back of the house. Buyer to do their own diligence. Unit 1 has laundry located in the basement & unit 2 has in unit laundry. Attic is not heated but semi finished. |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $72,000 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Comp Based On: | Net Sale Price |
| Mh:Cooling Zones, Cc:Cooling Zones, Mf:Cooling Zones, Sf:Cooling Zones: | 2 |
| Disclosure: | Yes |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Heat Zones: | 2 |
| Lead Paint: | Unknown |
| Lease 1: | No |
| Lease 2: | No |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $513.65 |
| Page: | 40 |
| Price Per Sqft: | $513.65 |
| Square Feet Disclosures: | buyer to do own due diligence |
| Square Feet Incl Base: | Yes |
| Net Operating Income: | $72,000 |
| Original List Price: | $1,599,000 |
| Parking Total: | 8 |
| Tax Assessed Value: | $1,193,400 |
| Tax Year: | 2025 |
| Total Actual Rent: | $6,000 |
| Year Built Details: | Actual |
| Bedrms 1: | 2 |
| Bedrms 2: | 2 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| H Bths 1: | 1 |
| H Bths 2: | 1 |
| Rent1: | 3,000 |
| Rent2: | 3,000 |
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 09:28 AM
Property Last Updated: July 28, 2025 03:10 AM
Listing Courtesy of: Phoenix Real Estate Partners, LLC
Listing Agent: David SY Li
617-480-6856
