371 Cherry St West Newton, MA 02465
West Newton NeighborhoodEstimated payment $9,420/month
Highlights
- Open Floorplan
- Landscaped Professionally
- 1 Fireplace
- Franklin Elementary School Rated A
- Wood Flooring
- 3-minute walk to West Newton Commons
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,695
Year Built
- Built in 1880
Lot Details
- 8,810 Sq Ft Lot
- Landscaped Professionally
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Slate Roof
Interior Spaces
- Property has 1 Level
- Open Floorplan
- Ceiling Fan
- 1 Fireplace
- Living Room
- Home Office
- Storage
Kitchen
- Range
- Dishwasher
- Solid Surface Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Bathtub
Laundry
- Dryer
- Washer
Parking
- 8 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Balcony
- Patio
- Rain Gutters
Utilities
- Forced Air Heating and Cooling System
- 2 Cooling Zones
- 2 Heating Zones
- Heating System Uses Natural Gas
- 200+ Amp Service
Community Details
- 2 Units
- Net Operating Income $72,000
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number 688891
Map
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 | $11,695 | $1,193,400 | $680,000 | $513,400 |
| 2024 | $11,308 | $1,158,600 | $660,200 | $498,400 |
| 2023 | $10,880 | $1,068,800 | $533,200 | $535,600 |
| 2022 | $10,411 | $989,600 | $493,700 | $495,900 |
| 2021 | $9,769 | $907,900 | $452,900 | $455,000 |
| 2020 | $9,478 | $907,900 | $452,900 | $455,000 |
| 2019 | $8,867 | $848,500 | $423,300 | $425,200 |
| 2018 | $8,974 | $829,400 | $399,800 | $429,600 |
| 2017 | $8,461 | $760,900 | $366,800 | $394,100 |
| 2016 | $7,771 | $682,900 | $336,500 | $346,400 |
| 2015 | $7,410 | $638,200 | $314,500 | $323,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | For Sale | $1,599,000 | +27.9% | $514 / Sq Ft |
| 09/06/2023 09/06/23 | Sold | $1,250,000 | -10.0% | $402 / Sq Ft |
| 04/25/2023 04/25/23 | Pending | -- | -- | -- |
| 04/12/2023 04/12/23 | Price Changed | $1,389,000 | -2.8% | $446 / Sq Ft |
| 03/07/2023 03/07/23 | For Sale | $1,429,000 | -- | $459 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73409119
APN: NEWT-000033-000024-000016
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