MA
Middlesex
Newton
02461
1623-1625 Centre Street
1623-1625 Centre Street, Newton, MA 02461
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Listing Type
Multi Family
Listing Status
Active
18
$2,800,000

Home Details for 1623-1625 Centre Street

Price
$2,800,000
Type
Residential Income
Bedrooms
7
Bathrooms
4.0
Square feet
4214
Year built
1920
Lot size acres
0.17
County
Middlesex
Total rooms
15
Garage
2
Basement
Full, Partially Finished
Days on site
2
MLS Listing#
73484472
Property Description

Rare 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, particularly when combined with the adjacent property at 1208 Walnut Street (MLS #73471998). Together the two parcels create a rare assemblage opportunity in Newton.

Property Features
  • Basement
    • Full
    • Partially Finished
  • Water Features
    • Public
  • Parking
    • Off Street
Listing Courtesy: Coldwell Banker Realty - Newton - 617-969-2447
Presented by: Ward Shifman
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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