MA > Newton
Newton, MA 02458,262 Adams St
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Newton, MA 02458,262 Adams St
Newton, MA 02458,262 Adams St
Newton, MA 02458,262 Adams St
Newton, MA 02458,262 Adams St
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John J. Dean Jr.

John J. Dean Jr.

Engel & Völkers Americas

+1(617) 553-1926
$ 1,999,999
Est. payment /mo
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262 Adams St Newton, MA 02458

4,500 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $444

MLS Listing ID 73380153

HOA Y/N false

Year Built 1920

Annual Tax Amount $24,365

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

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.

Location

State MA

County Middlesex

Area Nonantum

Zoning BU2

Direction On the corner of Middle St. and Adams St. GPS Friendly.

Exterior

Utilities Available Public Water, Public Sewer

Roof Type Asphalt/Composition Shingles

Total Parking Spaces 4

Others

Senior Community false

Listed by Shilalis Real Estate
agent

John J. Dean Jr.

Real Estate Advisor | License ID: 9512783

+1(617) 553-1926

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