262 Adams St Newton, MA 02458
Nonantum NeighborhoodEstimated payment $12,980/month
Total Views
3,010
10
Beds
5
Baths
4,500
Sq Ft
$444
Price per Sq Ft
Highlights
- Medical Services
- Property is near public transit
- Shops
- Lincoln-Eliot Elementary School Rated A
- Corner Lot
- 4-minute walk to Veterans Memorial Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,365
Year Built
- Built in 1920
Lot Details
- 4,069 Sq Ft Lot
- Corner Lot
- Level Lot
- Cleared Lot
Home Design
- 4,500 Sq Ft Home
- Brick Exterior Construction
- Brick Foundation
- Asphalt Roof
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Full Bathrooms
Parking
- 3 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Bulkhead
Location
- Property is near public transit
- Property is near schools
Schools
- Lincoln-Eliot Elementary School
- Bigelow Middle School
- Newton North High School
Listing and Financial Details
- Assessor Parcel Number 682399
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Building Details
- Net Operating Income $121,140
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $1,327,700 | $266,600 | $1,061,100 |
| 2024 | -- | $1,327,700 | $266,600 | $1,061,100 |
| 2023 | $0 | $1,197,800 | $266,600 | $931,200 |
| 2022 | $0 | $1,116,100 | $266,600 | $849,500 |
| 2021 | $6,575 | $1,116,100 | $266,600 | $849,500 |
| 2020 | $0 | $1,116,100 | $266,600 | $849,500 |
| 2019 | $0 | $1,072,700 | $266,600 | $806,100 |
| 2018 | $4,961 | $941,400 | $183,000 | $758,400 |
| 2017 | -- | $941,400 | $183,000 | $758,400 |
| 2016 | -- | $941,400 | $183,000 | $758,400 |
| 2015 | -- | $941,400 | $183,000 | $758,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/02/2025 06/02/25 | For Sale | $1,999,999 | -- | $444 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $838,000 | -- |
Source: Public Records
Similar Homes in the area
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73383953
APN: NEWT-000012-000001-000005
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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 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 or leasing 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 or leasing. 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.
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