Historic Office Suite in
379 Central Street Newton, MA 02466
379 Central Street, Newton, MA, 02466
$2,895,000
For Sale
$2,895,000
Self-contained first-floor office suite includes a waiting room, half-bath, and private entrance within a landmark Queen Anne property.
Property Size5,882 SF
Lot Size0.75 Acres
Price / SF$492.18
Days on Market14
Property Features for 379 Central Street
General Information
- Standard status
- Active
- Size
- 5,882 SF
- Lot size
- 0.75 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1893
Listing agency
Coldwell Banker Realty - Newton
Listed by
Todd Glaskin
(508) 287-2695
Source
Demakis
Added: Jul 8 Updated: Jul 20 at 5:55PM Checked: Jul 20 at 5:55PM
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 Coldwell Banker Realty - Newton
Investment Insights
Based on property information with market context.
Offered for sale, this landmark Queen Anne Victorian property features a dream, self-contained first-floor office suite designed for professional use. The suite includes a waiting room, a half-bath, and an office, with a private entrance and double-door separation from the adjacent living area.
The property is set back on a dramatic, three-quarter-acre-plus lot, creating an impressive presence and a dedicated sense of privacy. Inside, the home is described as gracious and spacious, with oversized entertaining areas, multiple intricate fireplaces, and rounded-wall room details. The second floor includes four generous bedrooms, along with additional spacious rooms upstairs.
This is a full, historic property offering combined with a private office suite configuration, presented at 379 Central Street in Newton, MA 02466.
The property is set back on a dramatic, three-quarter-acre-plus lot, creating an impressive presence and a dedicated sense of privacy. Inside, the home is described as gracious and spacious, with oversized entertaining areas, multiple intricate fireplaces, and rounded-wall room details. The second floor includes four generous bedrooms, along with additional spacious rooms upstairs.
This is a full, historic property offering combined with a private office suite configuration, presented at 379 Central Street in Newton, MA 02466.
Key Highlights
- Built in 1893, this landmark Queen Anne Victorian features historic architectural character and detail throughout.
- Self‑contained first‑floor office suite with a waiting room, half‑bath, and private entrance with double‑door separation from the living area.
- Set back on a dramatic 0.75+ acre lot, offering an impressive presence and spacious outdoor grounds for entertaining.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $319.0k | $54.24 |
| − Vacancy | −$70.2k | −$11.93 |
| EGI | $248.9k | $42.31 |
| − OpEx | −$62.2k | −$10.58 |
| NOI | $186.6k | $31.73 |
5,882 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.67M
$2.33M – $3.11M
NOI $186,638 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,749 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nancy M. Levine, ...
Foster Care Service
Levine H O ...
Physician
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FAQs
What type of property is this?
Office units - Self-contained first-floor office suite includes a waiting room, half-bath, and private entrance within a landmark Queen Anne property.
Where is this office units located?
The property is located at 379 Central Street Newton, MA.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Built in 1893, this landmark Queen Anne Victorian features historic architectural character and detail throughout.; Self‑contained first‑floor office suite with a waiting room, half‑bath, and private entrance with double‑door separation from the living area.; Set back on a dramatic 0.75+ acre lot, offering an impressive presence and spacious outdoor grounds for entertaining.
