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listing
1 of 42
MultifamilyFor Sale
$1,999,999
262 Adams St
Newton, MA 02458
Courtesy of Shilalis Real Estate - Ethan Piani-Hohmann
MLS Property Information Network
10Beds
5Baths
4,500Sq Ft
Est. Mortgage
$10,424/mo

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.

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Information courtesy of Shilalis Real Estate is subject to verification and is not guaranteed.
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