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1623 Centre Street, Newton MA 02461

$2,675,000

Estimated $5,243/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $668,750

Total Rent: 0/year

Estimated CAP Rate:

16 Bedrooms

Baths

12700

Total Parking: 16 (8 Garage)

7,477 (0.17)

Rare "By-Right" 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 Newton’s 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. The rendering shows four townhomes, however a small elevator building is also a possible and allowed scenario.

This home has been viewed 6 times

Last Checked: July 2nd, 2026 at 8:53am (Source: MLS PIN #73492832)

Gross Income: $0

Gross Expenses: $10,867

Net Income Calc: $10,867

Annual Expenses for 1623 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 Centre Street, Newton MA 02461

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms3 Full, 1 Half

Floor1

Levels in Unit4

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms3 Full, 1 Half

Floor1

Levels in Unit4

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms4

Bathrooms3 Full, 1 Half

Floor1

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms4

Bathrooms3 Full, 1 Half

Floor1

Levels in Unit4

Rent Includes

General Information for 1623 Centre Street, Newton MA 02461

Listing ID73492832

Property TypeMulti Family / 3 Family

Price2675000 ($210.63/SqFt)

Style3 Family

CityNewton

CountyMiddlesex

MLS AreaNewton Highlands

Neighborhood(s)

Approximate Living Area Total12700

Approximate Lot Size (Acres)0.17

Total Parking16 (8 Garage)

Garage Parking8

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningMR2/VC2

Water Views

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 1623 Centre Street, Newton MA 02461

Lead PaintNone

UFFI

Living Area Includes BasementNo

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 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 Centre Street, Newton MA 02461

Neighborhood(s)

MLS AreaNewton Highlands

Area AmenitiesWalk/jog Trails

Contact Information for 1623 Centre Street, Newton MA 02461

Agent

Name: Ward Shifman

Office

Name: Coldwell Banker Realty - Newton

Phone: 617-969-2447

Team Members

Name: Todd Glaskin

Name: Alison Haran

Payment Calculator

, Interest

Property Taxes 905.58

Principal & Interest 16482.5

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Newton

Ward Shifman

Agent Phone

Office Phone

(617) 969-2447

Text Agent Call Agent Call Office

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EXIT

14 More Photos

Pending

1623 Centre Street, Newton MA 02461

$2,675,000

Annual Expenses for 1623 Centre Street, Newton MA 02461

Annual Income & Unit Breakdown for 1623 Centre Street, Newton MA 02461

General Information for 1623 Centre Street, Newton MA 02461

Disclosures for 1623 Centre Street, Newton MA 02461

Financial Information for 1623 Centre Street, Newton MA 02461

Location Information for 1623 Centre Street, Newton MA 02461

Contact Information for 1623 Centre Street, Newton MA 02461

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Coldwell Banker Realty - Newton

Ward Shifman