Rarely available three-family to live, invest and/or develop in ultra desirable prime Newton Highlands locations steps to the best of shopping, dining and the MBTA Green Line just around the corner. Over 7,400 sf of prime land located in Newton's newly passed VC2 Village Center zoning which has a goal of encouraging the creation of higher-density village multifamily housing by reducing setback and lot coverage requirements and allowuing up to 3.5 stories of building height. (Note: Ask for details on adjacent property available for sale if you are interested to do a larger development). Existing home has much charm with a spacious 4 bedroom two bath first floor unit plus two units upstairs. Can be delivered vacant. No representations made - buyers to do their own due diligence on use and zoning.
This home has been viewed 38 times
Last Checked: March 10th, 2026 at 4:29am (Source: MLS PIN #73473137)
Gross Income: $0
Gross Expenses: $10,867
Net Income Calc: $10,867
Annual Expenses for 1623-1625 Centre Street, Newton MA 02461
Total Gross Expenses (Calculated)$10,867/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax10867
Annual Income & Unit Breakdown for 1623-1625 Centre Street, Newton MA 02461
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms4
Bathrooms2 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
General Information for 1623-1625 Centre Street, Newton MA 02461
Listing ID73473137
Property TypeMulti Family / 3 Family
Price2800000 ($664.45/SqFt)
Style3 Family
CityNewton
CountyMiddlesex
Neighborhood(s)
Approximate Living Area Total4214
Approximate Lot Size (Acres)0.17
Total Parking6 (2 Garage)
Garage Parking2
Year Built1920
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
BasementFull
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningMR2/VC2
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 1623-1625 Centre Street, Newton MA 02461
Lead PaintNone
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourcePublic Records
Exclusions.
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 1623-1625 Centre Street, Newton MA 02461
Real Estate Taxes10867
Tax Year2025
Assessed Value$1,108,800
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 1623-1625 Centre Street, Newton MA 02461
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 1623-1625 Centre Street, Newton MA 02461