371 Cherry St., Newton, MA 02465
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$1,599,000
2 Unit
4 Beds
3 Baths
3113 SQFT
0.20 Acre

Property Description

Rare WEST NEWTON opportunity for BUILDERS, INVESTORS, or OWNER-OCCUPIERS seeking FLEXIBILITY. Set on an 8,810 SF lot in MR1 zoning, this property offers MULTIPLE VALUE-ADD PATHS. Seller has ALREADY OBTAINED HISTORICAL DEMOLITION APPROVAL, engaged an ARCHITECT for NEW DESIGN PLANS, and PERMIT APPLICATION is IN PROCESS—saving months of pre-construction time. Ideal for a FULL REBUILD into TWO MULTI-MILLION-DOLLAR HOMES or a HIGH-END CONDO PROJECT. Existing structure offers two spacious units with bonus rooms, updated kitchens, and attic expansion potential if you prefer a RENOVATION approach. Or simply HOLD for rental income while finalizing redevelopment plans. STEPS to West Newton Square, commuter rail, express bus, and major highways. Whether you HOLD, RENOVATE, or REBUILD, this property delivers ENDLESS POSSIBILITIES in one of Newton’s MOST DESIRABLE neighborhoods. OH Sat 11-12.30 and Sun 10.30-12.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 2
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Total Fireplaces: 1
  • Common Rooms: Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub, Ceiling Fans, Floored Attic, Pantry, Stone/Granite/Solid Counters, Storage, Tile Floor
  • Common Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Common Cooling: Central Air

Financial

  • APOD Available: No
  • Gross Operating Income: 72000
  • Net Operating Income: 72000

Utilities

  • Heat Zones: 2
  • Cooling Zones: 2
  • Electric Info: 200 Amps
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1880
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Shingle, Slate
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73409119
  • Last Updated: 07/24/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/24/2025New$1,599,000$514MLSPIN
09/06/2023Sold$1,250,000$402MLSPIN
05/06/2023Under Agreement$1,389,000$446MLSPIN
04/26/2023Contingent$1,389,000$446MLSPIN
04/16/2023Active$1,389,000$446MLSPIN
04/12/2023Price Change$1,389,000$446MLSPIN
03/11/2023Active$1,429,000$459MLSPIN
03/07/2023New$1,429,000$459MLSPIN

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Seller's Representative: David SY Li, Phoenix Real Estate Partners, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-07-24 21:00:00

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