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    262 Adams St Newton, MA 02458

    For Sale
    $1,999,999

    Fully-tenanted mixed-use portfolio with income and expansion potential.

    Property size:
    4,500 SF

    Property Features for 262 Adams St

    General Information

    Standard status
    Active
    Size
    4,500 SF

    Building Details

    Year built
    1920

    Source: Shilalis Real Estate Agent Ethan Piani-Hohmann

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

    Overview

    Mixed-Use Portfolio in Newton

    This fully-tenanted mixed-use corner portfolio consists of two separate buildings, located at 262 Adams St and 40 Middle St, situated on one lot within Newton’s BU2 zoning district. The property offers an exceptional opportunity, featuring four residential units and one commercial office space. The gross rental income is $11,650 per 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, totaling 4,500 square feet, feature Queen Anne Colonial and Victorian architecture, separate utilities, and off-street parking. The location provides close proximity to the Mass Pike, Rt. 95, Whole Foods, YMCA, and public transit. This property is ideal for investors, 1031 exchange buyers, long-term hold strategies, or future development opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon 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
    -71.1979372
    Latitude
    42.3567972

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    FAQs

    What type of property is this?
    Mixed-use property - Fully-tenanted mixed-use portfolio with income and expansion potential.
    Where is this mixed-use property located?
    The property is located at 262 Adams St Newton, MA.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: - Fully-tenanted mixed-use corner portfolio with strong income ($11,650/month).; - Significant rental upside due to below-market rents.; - Prime location in Newton's BU2 zoning district, close to Mass Pike, Rt. 95, Whole Foods, YMCA, and public transit.
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    Newton, MA 02458
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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
    262 Adams St Newton, MA 02458
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