188-190 Adams Street offers an exceptional development opportunity in a prime Newton location. Owned by the same family since 1940, this property is being offered “AS IS” for the first time in 85 years. The site presents project potential for over 12,000± sq. ft. of mixed-use business or residential development. Currently configured as a side-by-side two-family home with a detached structure—formerly a small family-run machine shop—both buildings require renovation, redevelopment, or replacement. Buyer to assume all risk. Located between Washington and Watertown Streets, the property offers convenient access to the Mass Pike (east to downtown Boston and west to Route 95/128), Newton Corner, Newton North High School, the MBTA commuter rail, and other transit options. This highly accessible corridor supports strong visibility and access to Newton’s shops, restaurants, and major employment centers. See firm remarks for additional disclosures.
This home has been viewed 19 times
Last Checked: November 18th, 2025 at 6:19am (Source: MLS PIN #73454430)
Gross Income: $0
Gross Expenses: $9,307
Net Income Calc: $9,307
CAP Rate: -0.37%
Annual Expenses for 188-190 Adams St, Newton MA 02458
Total Gross Expenses (Calculated)$9,307/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$9,307
Annual Income & Unit Breakdown for 188-190 Adams St, Newton MA 02458
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit2
HeatingYes
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit2
HeatingYes
Rent Includes
General Information for 188-190 Adams St, Newton MA 02458
Listing ID73454430
Property TypeMulti Family / 2 Family
Price$2,499,000 ($808.74/SqFt)
Style2 Family - 2 Units Side By Side
CityNewton
CountyMiddlesex
MLS AreaNonantum
Neighborhood(s)
Approximate Living Area Total3,090 SqFt
Approximate Lot Size (Acres)0.28 acres
Total Parking3
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesLevel
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor SpacePatio, Porch
ZoningBU2
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 188-190 Adams St, Newton MA 02458
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureThere is no functioning kitchen in unit 1.
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$0
Total Net Income By Broker$0
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 188-190 Adams St, Newton MA 02458
Real Estate Taxes$9,307
Tax Year2025
Assessed Value$949,700
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$0
BostonRealEstate.com Gross Income
Total Net Income By Broker$0
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-0.37%
Location Information for 188-190 Adams St, Newton MA 02458
Elementary School
Middle School
High SchoolNewton North
Neighborhood(s)
MLS AreaNonantum
Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Public Transportation
Contact Information for 188-190 Adams St, Newton MA 02458