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    1623-1625 Centre St Newton, MA 02461

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    For Sale
    $2,800,000

    Rare opportunity in Newton Highlands near shops and MBTA Green Line.

    Lot size:
    0.17 Acres

    Property Features for 1623-1625 Centre St

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1920

    Source: Coldwell Banker Realty - Newton Agent Gregg M. Leppo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newton Highlands Multifamily Development Opportunity

    This is a rarely available three-family property situated in the highly desirable Newton Highlands area, offering convenient access to shopping, dining, and the MBTA Green Line. The property is located on over 7,400 square feet of land within Newton's newly passed VC2 Village Center zoning. This zoning aims to promote higher-density village multifamily housing by reducing setback and lot coverage requirements and allowing building heights of up to 3.5 stories. The existing building features a spacious first-floor unit with four bedrooms and two bathrooms, along with two additional units upstairs. The property can be delivered vacant. Buyers are advised to conduct their own due diligence regarding use and zoning.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2047849
    Latitude
    42.320848

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    FAQs

    What type of property is this?
    Triplex - Rare opportunity in Newton Highlands near shops and MBTA Green Line.
    Where is this triplex located?
    The property is located at 1623-1625 Centre St Newton, MA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Prime Newton Highlands location: Steps to shopping, dining, and the MBTA Green Line.; - Development potential: Located in VC2 Village Center zoning, encouraging higher-density multifamily housing.; - Large lot size: Over 7,400 sq ft of prime land.
    (781) 330-0592
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    1623-1625 Centre St Newton, MA 02461
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1623-1625 Centre St Newton, MA 02461
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