262 Adams St Newton, MA 2458
Fully-tenanted mixed-use portfolio with income and expansion potential.
Property size:
4,500 SF- Added:
- May 27, 2025
- Days on Market:
- 326
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 262 Adams St
General Information
- Standard status
- Active
- Size
- 4,500 SF
Building Details
- Year Built
- 1920
Listing agent Ethan Piani-Hohmann
Listing office Shilalis Real Estate
Listing date May 27, 2025
Source Corcoran
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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 Units
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.1979
- Latitude
- 42.3568
Nearby Similar for Sale
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.
