Unit Information
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.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5-9 Family
- Zip Code: 02458
- Levels: 9
- Parking
- Parking: Off Street
- Parking Spaces: 3
- Rooms and Dimensions
- Total Units: 5
- Total Floors: 9
- Total Rooms: 24
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$1,999,999
- Listing ID: 73383953
- Bedrooms: 10
- Full Baths: 5
- Living Area: 4,500 sqft Convert
- Lot Size: 4,069 sqft Convert
- Acres: 0.09
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |