Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

262 Adams St

Newton, MA ID #73383953

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262 Adams St

- Newton, MA ID #73383953

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5-9 Family
  • Zip Code: 02458
  • Taxes: 24,365
  • Levels: 9
  • Acres: 0.09

Parking

  • Parking: Off Street
  • Parking Spaces: 3

Rooms/Dimensions

  • Total Units: 5
  • Total Floors: 9
  • Total Rooms: 24

Location

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262 Adams St, Newton, MA

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Content © 2025 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Ethan Piani-Hohmann of Shilalis Real Estate. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.