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Active

723 Washington St, Newton MA 02458

$1,995,000

Estimated $5,025/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $332,500

Total Rent: 78000/year

Estimated CAP Rate:

5 Bedrooms

Baths

5132

Total Parking: 3

5,964 (0.14)

Nice investment opportunity in convenient commuter location. The first building located at 723 Washington St. offers five one bedroom apartments. All units have wall to wall carpet with electric baseboard heat. Each room has individual thermostats for efficiency. Of the 5 units, 4 pay their own utility bills, while the 5th is paid for by the owner. Hot water is supplied by the landlord. There are 2 electric hot water tanks both 3 years old. Coin operated washing machine & dryer, are located in the basement. 721 Washington St, is a 1,750 +/- sf store front. The BU2 Zoning allows for many uses. There are 3 half bathrooms, one of which is handicap accessible. This building has gas heat and hot water. Additionally, there is central air conditioning. The buildings sit directly across from the express bus to Downtown Boston & the commuter rail to Boston Landing, Fenway, Back Bay & South Station. Public platforms to the commuter rail have been approved for reconstruction by the city & state.

This home has been viewed 15 times

Last Checked: July 9th, 2026 at 7:08am (Source: MLS PIN #73521974)

Gross Income: $78,000

Gross Expenses: $21,482

Net Income Calc: $56,518

Annual Expenses for 723 Washington St, Newton MA 02458

Total Gross Expenses (Calculated)$21,482/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax21482

Annual Income & Unit Breakdown for 723 Washington St, Newton MA 02458

Total Gross Income (Calculated)$78,000

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 723 Washington St, Newton MA 02458

Listing ID73521974

Property TypeMulti Family

Price1995000 ($388.74/SqFt)

Style5+ Family - 5+ Units Up/down

CityNewton

CountyMiddlesex

MLS AreaNewtonville

Neighborhood(s)

Approximate Living Area Total5132

Approximate Lot Size (Acres)0.14

Total Parking3

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningVC2/BU2

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 723 Washington St, Newton MA 02458

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 723 Washington St, Newton MA 02458

Real Estate Taxes21482

Tax Year2026

Assessed Value$1,647,700

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 723 Washington St, Newton MA 02458

Neighborhood(s)

MLS AreaNewtonville

Area AmenitiesWalk/jog Trails

Contact Information for 723 Washington St, Newton MA 02458

Agent

Name: Cynthia Lanciloti

Office

Name: Kraft Fine Homes

Phone: 617-527-7002

Team Members

Payment Calculator

, Interest

Property Taxes 1790.17

Principal & Interest 12292.56

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Kraft Fine Homes

Cynthia Lanciloti

Agent Phone

Office Phone

(617) 527-7002

Text Agent Call Agent Call Office

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EXIT

16 More Photos

Active

723 Washington St, Newton MA 02458

$1,995,000

Annual Expenses for 723 Washington St, Newton MA 02458

Annual Income & Unit Breakdown for 723 Washington St, Newton MA 02458

General Information for 723 Washington St, Newton MA 02458

Disclosures for 723 Washington St, Newton MA 02458

Financial Information for 723 Washington St, Newton MA 02458

Location Information for 723 Washington St, Newton MA 02458

Contact Information for 723 Washington St, Newton MA 02458

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Kraft Fine Homes

Cynthia Lanciloti