823-833 Washington St Newton, MA 02460
We are proud to present the opportunity at 823-833 Washington Street in Newton, MA. Situated at the corner of Washington Street and Walnut Street in Newtonville, the property consists of ±14,485 SF and is situated on 10,735 SF of land, zoned BU1/VC3. The property is currently 100% occupied with a healthy mix of high-quality tenants and has experienced minimum vacancy over the term of generational ownership. The property is extremely well located, well maintained, and sits directly across the street from the Newtonville MBTA station and the TRIO apartment community. In 2023, the city of Newton passed the Village Center Overlay District to encourage density in commercial districts. The property sits in VC3 zoning which allows development up to 4.5 stories. Given the transit oriented location, the property greatly benefits from the zoning improvements. Newton, MA is considered one of the most sought after Boston suburbs, so developers are able capitalize on the development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.