262 Adams St, Newton, MA 02458
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$1,999,999
Type: Mixed Use
Gross
4500 Bldg. SQFT
N/A Restrooms
Parking: N/A

Property Description

Fully-tenanted mixed-use corner portfolio consisting of 262 Adams St and 40 Middle St—two separate buildings situated on one lot—offering an exceptional opportunity in Newton’s BU2 zoning district. The portfolio includes four residential units and one commercial office space, with gross rental income of $11,650/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 feature Queen Anne Colonial and Victorian architecture, separate utilities, off-street parking, and close proximity to the Mass Pike, Rt. 95, Whole Foods, YMCA, and public transit—ideal for investors, 1031 exchange buyers, long-term hold strategies, or future development opportunities.

Property Details tap to expand

Property Information

  • Type: Mixed Use
  • Location: Other (See Remarks)
  • MLS ID#: 73380153

Financial

  • Gross Annual Income: 139800
  • Lease Type: Gross

Building Information

  • Total SQFT: 4500

Construction & Utilities

  • Utilities: Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/06/2025Active$1,999,999$444MLSPIN
06/02/2025New$1,999,999$444MLSPIN
05/31/2025Active$1,999,999$444MLSPIN
05/27/2025New$1,999,999$444MLSPIN
08/01/2024Expired$1,975,000$439MLSPIN
07/30/2024Temporarily Withdrawn$1,975,000$439MLSPIN
06/30/2024Active$1,975,000$439MLSPIN
06/26/2024Price Change$1,975,000$439MLSPIN
05/25/2024Active$1,999,999$444MLSPIN
05/21/2024New$1,999,999$444MLSPIN
08/12/2023Expired$1,999,999$305MLSPIN
05/16/2023Active$1,999,999$305MLSPIN
05/12/2023New$1,999,999$305MLSPIN

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Seller's Representative: Ethan Piani-Hohmann, Shilalis Real Estate
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-05-31 03:05:00