Mixed-Use Property with
For Sale
$1,925,000
Pending
723 Washington St, Newton, MA 02458
The offering combines apartment residences with a storefront and flexible BU2 zoning.
Property Size5,132 SF
Days on Market29
Property Features for 723 Washington St
General Information
Standard status
Pending
Size
5,132 SF
Total Parking Spaces
3
Property subtype
Multifamily
Zoning
BU2
Units
Unit Mix
5 x 1BR
Multifamily Units
5
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$21,482
Amenities
coin-operated laundry
Building Details
Building Size
5,132 SF
Year Built
1920
Buildings
2
Listing Agency:
Kraft Fine Homes
Listed By:
Cynthia Lanciloti
(617) 527-7002
Source:
Classifiedrealtygroup
Added: Aug 26
Changed: Sep 21
Last Checked: Sep 22 at 1:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kraft Fine Homes
Investment Insights
Based on property information with market context.
This mixed-use property includes five one-bedroom apartments at 723 Washington St. Each residence features wall-to-wall carpeting, electric baseboard heat, and individual thermostats. Four apartments have tenant-paid utilities, while the owner covers utilities for the fifth; hot water is landlord-supplied. Basement laundry equipment includes a coin-operated washer and dryer, and two electric hot water tanks were installed 3 years ago.
At 721 Washington St., the property includes a 1,750 +/- sf storefront with three half bathrooms, including one handicap-accessible restroom. The commercial building has gas heat, gas hot water, and central air conditioning. BU2 zoning allows many uses.
The buildings are across from an express bus serving Downtown Boston and commuter rail service to Boston Landing, Fenway, Back Bay, and South Station. Public commuter rail platforms have been approved for reconstruction by the city and state.
At 721 Washington St., the property includes a 1,750 +/- sf storefront with three half bathrooms, including one handicap-accessible restroom. The commercial building has gas heat, gas hot water, and central air conditioning. BU2 zoning allows many uses.
The buildings are across from an express bus serving Downtown Boston and commuter rail service to Boston Landing, Fenway, Back Bay, and South Station. Public commuter rail platforms have been approved for reconstruction by the city and state.
Key Highlights
- Five one‑bedroom apartments at 723 Washington St.
- 1,750 +/- sf storefront at 721 Washington St.
- BU2 zoning allows many uses
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,439
Businesses Nearby
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Business Placement
Demographics for 02458, MA
12,817
Population
5,238
Households
2.4
Avg Household Size
40
Median Age
76%
College-Educated
97%
High-School Grad
2.0 sq mi
ZIP Area
6,409
Density / Sq Mi
$151,782
Median Household Income
$72,008
Median Earnings
$2,313
Median Rent
$1,116,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The offering combines apartment residences with a storefront and flexible BU2 zoning.
Where is this mixed-use property located?
The property is located at 723 Washington St Newton, MA.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: Five one‑bedroom apartments at 723 Washington St.; 1,750 +/- sf storefront at 721 Washington St.; BU2 zoning allows many uses
