Property profile

608 Beacon St Newton, MA 02459

OFF-MARKET
Land
Property ID
US38-1234692
1.2 ac lot
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Property summary

AI-generated overview

This exceptional 1.2-acre lot, located at 608 Beacon Street in Newton Centre, MA, presents a unique investment opportunity for builders, contractors, or investors. Boasting nearly 55,000 square feet of land with substantial frontage, this property offers remarkable flexibility for development. The existing 2,810 square foot home features nine rooms, four bedrooms, two bathrooms, a finished basement, and a one-car garage. Its updated condition provides immediate income potential or a comfortable residence while development plans are finalized. The prime location offers unparalleled convenience, with easy access to Newton Centre's vibrant shopping, dining, and banking scene, as well as public transportation, including the Green Line providing direct access to downtown Boston. Proximity to top-rated public schools and Boston College further enhances its appeal. This rare offering in the desirable Newton Centre/Chestnut Hill area combines the best of suburban living with exceptional accessibility to Boston's urban amenities. The asking price is $2,689,000. Don't miss this chance to acquire a truly exceptional piece of real estate in a highly sought-after location.

Property profile

Verified
Property type Land
Lot 1.2 ac (52,272 SF)
UPID US38-1234692

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

608 Beacon St Newton, MA 02459
Newton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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