$1,925,000 3,222 SF

723 Washington St, Newton, MA 02458
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The property is a well-maintained second-floor apartment configured as a 1-bedroom, 1-bath unit with a south-facing exposure that provides natural light. The interior layout includes a living room, dining area, kitchen, and a full bathroom. The unit has wall-to-wall carpeting throughout, with vinyl flooring in the kitchen and tiled flooring in the bathroom; the bathroom features new tile. The kitchen includes functional counter and cabinet space and does not have a dishwasher. Laundry is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?

Assessed value · 2024$1.48M

Assessed land$501k

Assessed improvement$976k

Value estimate

· Nov 2026

$510k

$459k – $561k

Submarket $/SF estimate$421k

NOI build-up

Gross scheduled income$67k

Vacancy & credit loss−$3k

Operating expenses−$28k

NOI · 1.81% cap applied$35k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?

$421/SF

Submarket average, outlier-cleaned · 58 recorded sales of this use type

Observed band · Q1–Q3$181 – $709

Qualifying comparables21

Cap rate analysis

How does the asset earn?

1.81%

$35k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

BU2

The intent of the zone to promote business uses

General categoryCOMMERCIAL

JurisdictionNEWTON

Location intelligence

Which uses thrive at this corner?

Best fit: Clothing Store

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Clothing Store12.8

Home Appliance Store10.0

Convenience Store9.7

723 Washington St Newton, MA 02458

County assessor Recorded deeds · 6 transfers 21 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby

Address Sale price Sold Size

475 Washington, Newton, MA 02458-1450 $366,000 Dec 2022 2,383 SF

717 Washington, Newton, MA 02458-1281 $265,000 Feb 2022 2,780 SF

24-26 Holland, Newton, MA 02458 $640,000 Apr 2021 2,670 SF

235 Adams, Newton, MA 02458-1246 $280,000 Nov 2020 2,752 SF

61 Huntington, Newton, MA 02458-2416 $1,150,000 May 2020 2,675 SF

189-193 Adams, Newton, MA 02458 $1,900,000 Dec 2019 3,788 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$590,000

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Value Estimation
$585,000

3,045 SF

158 Adams St

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158 Adams St, Newton, MA 02458-1391

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Value Estimation
$505,000

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31 Shornecliffe Rd

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31 Shornecliffe Rd, Newton, MA 02458-2437

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Value Estimation
$440,000

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15 Adams Ct

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15 Adams Ct, Newton, MA 02458-1220

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Value Estimation
$590,000

3,672 SF

82 Church St

OFFICE/RESIDENTIAL (MIXED USE)

82 Church St, Newton, MA 02458-2057

View Details
Value Estimation
$680,000

2,794 SF

283 Tremont St

OFFICE/RESIDENTIAL (MIXED USE)

283 Tremont St, Newton, MA 02458-2113

View Details

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723 Washington St Newton, MA 02458

Property summary