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1623-1625 Centre Street, Newton, MA 02461

$2,800,000
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New to the Market Active
BEDS7 BATHS4 full SQUARE FEET4,214 MLS#73484472
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Rare development opportunity in the heart of Newton Highlands Village, just steps to shops, restaurants, and the MBTA Green Line. The property sits on over 7,400 sq ft of land within Newtons newly adopted VC2 Village Center zoning district, which encourages higher-density village housing with reduced setbacks, increased lot coverage, and building heights of up to approximately 3.5 stories.This property is being offered primarily as a development opportunity, with zoning that allows multifamily housing by right without the need for a special permit, making it a rare and highly attractive project for builders and developers. While the existing three-family home offers charm, including a spacious first-floor unit with four bedrooms and two baths plus two additional units above, the highest and best use may be redevelopment, particularly when combined with the adjacent property at 1208 Walnut Street (MLS #73471998). Together the two parcels create a rare assemblage opportunity in Newton.

1623-1625 Centre Street | MLS# 73484472

This multi-family property located at 1623-1625 Centre Street, Newton, MA 02461 is currently listed for sale with an asking price of $2,800,000. Search Newton real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full, Partially Finished
Basement: Yes
Fireplaces: 2
Garage: 2
Lot Size: 0.17 Acres
Stories: 3.0
Taxes: $10,867
Year Built: 1920

Amenities

Living Room
Laundry Room

Feature Descriptions

Building Area Total: 4214
Community Features: Public Transportation, Shopping, Walk/Jog Trails, Highway Access, Public School, T-Station
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 5
Dwelling Type: 3 Family
Exclusions: Personal Belongings
Fireplace Y/N: Yes
Flooring: Wood
GarageY/N: Yes
Lot Features: Other
Parcel Number: 695029
Parking Features: Off Street
Parking Total: 4
Rooms Total: 15
Sewer: Public Sewer
Units: 3
Water: Public

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Realty - Newton
Agency Phone: 617-969-2447
Agent Name: Ward Shifman

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Estimated Payment

$ 7,953.84 per month $6,231.59 Principal & Interest $905.58 Property Tax $816.67 Homeowner's Insurance

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