$10,000 Closing Credit¹
#73356192, Stig Bergquist, Listing Office: Keller Williams Realty
$1,999,999 List price
262 Adams St Newton, MA 02458
$10,000
Closing credit¹
10 beds
5 full
4,500 sqft
0.09 acres
$444 / sqft
Multi-Family
Property details
About 262 Adams St
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.
Highlights
Home typeMulti Family
StatusActive
(New)
(New)
Size4,500 sqft
Lot size0.09 Acres
Year built1920
ParkingOff Street
MLS #73383953
Summary
- Full Bathrooms: 5
- Total Bedroom Count: 10
- Parking: Off Street
- List Price: $1,999,999
- Price/SqFt: $444
- Lot: Corner Lot, Cleared, Level
- Directions: GPS Friendly.
- Year Built: 1920
- Stories: 9
- Living Area: 4,500 SqFt
- Lot Size: 0.09 Acres
- MLS Number: 73383953
- MLS Name: MLS Property Information Network
- Office Name: Shilalis Real Estate
- Office Phone: (617) 393-3458
- Listing Agent: Ethan Piani-Hohmann
Disclaimer: The property listing data and information 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 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/4/2025, 12:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,999,999
262 Adams St
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 08, 2005 | Home Sold | $838,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,327,700 | $- |
| 2023 | $1,197,800 | $- |
| 2022 | $1,116,100 | $- |
| 2021 | $1,116,100 | $- |
| 2020 | $1,116,100 | $- |
| 2019 | $1,072,700 | $- |
History based on county public records data.
Nearby schools
6
Lincoln-Eliot Elementary School
Public District KG-5
0.3 mi
•191 Pearl St
7
Cabot Elementary School
Public District KG-5
0.5 mi
•229 Cabot St
7
Horace Mann Elementary School
Public District KG-5
0.6 mi
•225 Nevada St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,137. Most Newton, MA residents have annual incomes between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
20%
<35k
65%
35k-100k
12%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
57%
Single, No Kids
5%
Single, with Kids
21%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
5%
12-17 yrs old
21%
18-34 yrs old
37%
35-64 yrs old
25%
65+ yrs old
What do the neighbors do for fun?
Art Museums
Major League Soccer (MLS)
Music Concerts
Where do the neighbors shop?
Bloomingdales
Banana Republic
H&M
Where do the neighbors go to eat?
Starbucks
Jack In The Box
Chipotle
What do the neighbors drive?
Audi
Toyota
Volkswagen
What do the neighbors listen to?
News
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 262 Adams St in Newton, MA and zip code 02458 in the Nonantum neighborhood. This 4,500 square foot home, which was built in 1920, sits on a 0.09 acre lot. Features: 10 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since June 2, 2025 and is currently priced at $1,999,999.
In May 2025, from all listings sold in Newton, MA there were more than 44 sold above asking price, over 46 sold below and more than 12 were sold right at the asked price. The number of listings in Newton, MA increased by 15.5% between April and May 2025. While the average time on the market in May 2025 was 31 days, the median list price was $1,550,400.
From Rocket Homes Real Estate and based on county public records data.