262 Adams St
$1,999,999
4,500
Sqft
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$1,999,999
4,500
Living Area
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Property Description
Fully-tenanted mixed-use corner portfolio consisting of 262 Adams St and 40 Middle St—two separate buildings situated on one lot—offering an exceptional opportunity in Newton’s BU2 zoning district. The portfolio includes four residential units and one commercial office space, with gross rental income of $11,650/month. There is potential to expand into a sixth residential unit, subject to city approvals. The commercial tenant is leased through August 2027, while all residential units are Tenant-at-Will, providing flexibility for future rent adjustments or repositioning. All current rents are well below market, offering considerable upside. The properties feature Queen Anne Colonial and Victorian architecture, separate utilities, off-street parking, and close proximity to the Mass Pike, Rt. 95, Whole Foods, YMCA, and public transit—ideal for investors, 1031 exchange buyers, long-term hold strategies, or future development opportunities.
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Highlights
- Area: Nonantum
- Property Class: Commercial Sale
- Status: Active
- Parking Spots: 4
- Year Built: 1920
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Additional Details
- Roof: Asphalt/Composition Shingles
- Zoning Description: Other (See Remarks)
- Zoning: Bu2
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Fees / Taxes
- Buyer Agent Compensation: 2%
- Taxes: $24,365
- Tax Year: 2025
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Listing information provided courtesy of Shilalis Real Estate.
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