262 Adams Street

Newton, MA 02458

$1,999,999
Price
10
Beds
5
Baths
4,500 Sq. Ft.
$444 / Sq. Ft.
4,500
Sq. Ft.
$444
per Sq. Ft.

Description

Package Deal with 40 Middle St! Attention investors, developers, and potential homeowners! A unique chance presents itself with these two multi-unit buildings situated on a corner lot. This is a prime opportunity for builders and developers to refurbish and convert into condominiums. Alternatively, it's an excellent investment for owner-occupants or multi-family investors looking to generate rental income. Located conveniently near Mass Pike (Exit 17), Soldiers Field Road, and Routes 128 & 95. Enjoy...Package Deal with 40 Middle St! Attention investors, developers, and potential homeowners! A unique chance presents itself with these two multi-unit buildings situated on a corner lot. This is a prime opportunity for builders and developers to refurbish and convert into condominiums. Alternatively, it's an excellent investment for owner-occupants or multi-family investors looking to generate rental income. Located conveniently near Mass Pike (Exit 17), Soldiers Field Road, and Routes 128 & 95. Enjoy a short stroll to the YMCA or Whole Foods, and easy access to Boston, Cambridge, and Riverside via nearby bus stops or the commuter rail. It's also just minutes away from Newton’s highly regarded public schools. The property at 40-42 Middle St features a distinctive Victorian design with two residential units, while 260-262 Adams St showcases a Queen Anne Colonial Revival style with three residential units and a commercial space.
  1. Listed by Ethan Piani-Hohmann • Shilalis Real Estate

Property Details for 262 Adams Street

Town
Newton
MLS Area
Nonantum
Area
MA-Newton-Nonantum, MA-Newton
Garage Spaces
0
Parking Spaces
3.00
Parking Spaces Total
3

Location

Listing Courtesy of Shilalis Real Estate, Ethan Piani-Hohmann
Add your commute
LISTING UPDATED: 05/25/2024 03:08 AM

Property Details for 262 Adams Street

StatusActive
MLS #73240883
Days on Market25
Taxes$14,536 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1920
CountyMiddlesex County

Location

Listing Courtesy of Shilalis Real Estate, Ethan Piani-Hohmann
Add your commute

Building Information for 262 Adams Street

Stories9Residences5Year Built1920Building Size-Lot Size0.09 AC / 4,069 SF

Payment Calculator

$12,126 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$1,211

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 262 Adams Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Laundromat, Conservation Area, Highway Access, Private School, Public School, Sidewalks
  • Living Area: 4500.0
  • Color: White
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Features: Interior Access, Unfinished Basement
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Carpet, Laminate, Hardwood
  • Interior Features: Bathroom With Tub, Bathroom with Shower Stall, Pantry, Living Room, Kitchen, Family Room, Office/Den
  • Interior Features: Window AC
  • SpaYN: No
Exterior Features
  • Construction: Brick
  • Exterior Features: Balcony/Deck, Balcony
  • Exterior Features: Balcony, Deck - Wood
  • Lot Description: Corner Lot
  • Patio And Porch Features: Deck - Wood
  • Roof Material: Asphalt/Composition Shingles
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Window AC
  • Cooling: Yes
  • Heating: Forced Air, Oil
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Year Round: No
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Seller has never lived on property and makes no warranties. Buyer & buyer's agent to perform any & all due diligence to explore development options & regarding property condition & terms of sale. All units are leased. Photos older.
Tax Information
  • Listing Terms: Contract
  • Tax ID: 682399
  • Assessments: $1,197,800
  • Book: 4581
  • Tax Year: 2023
  • Zoning: BU2
Building / Association Information
Living Characteristics
  • Beds Total: 10
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
  • Frontage: 45.00
Income / Expenses
  • Annual Expenses Source: Not Available
  • GOI: $134,340.00
  • NOI: $115,140.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $11,195.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 0

Property History for 262 Adams Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 262 Adams Street

Taxable ValueLand$266,600Additions$1,061,100Total$1,327,700
Home Facts
Total Finished SqFt2,471 SqFtAbove Grade Finished SqFt2,471 SqFtStories3Lot Size4,069 SqFtStyleOffice BuildingYear Built1900ZoningBU2CountyMIDDLESEXAPNNEWT S:12 B:001 L:0005

Schools near 262 Adams Street

This home is within Newton School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - 9 to 12
Rating
School
Distance
Lincoln-Eliot Elementary School
PublicK to 5

Bigelow Middle School
Public6 to 8

Newton North High School
Public9 to 12

Trinity Catholic High School
Private9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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262 Adams Street is a multi-family home for sale in Newton, MA 02458. This property was listed for sale on May 21, 2024 by Shilalis Real Estate, it's currently listed at $1,999,999. It has been on the market for a total of 25 days and was last sold on August 8, 2005. This listing's school district is Newton School District. Nearby schools include Lincoln-Eliot Elementary School, Bigelow Middle School and Newton North High School. 262 Adams Street is a 10-bed, 5-bath, 4,500 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Shilalis Real Estate, Ethan Piani-Hohmann

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.