There are 2 properties on 1 parcel. First property is 1,750 +/- sf retail building. Property has 3 bathrooms including one which is handicap accessible, wall to wall carpeting, gas heat and central a/c. Currently used as a real estate sales and appraisal office. Past uses have been, hair salon, yoga studio and fabric store. This property has a rubber roof. Second property is a residential apartment building consisting of five 1 bedroom units. This property needs a new roof, a new electrical service, several of the kitchens and bathrooms as well. With the commuter rail and express bus stop directly across the street, future rents will be well worth the improvements. Currently all units have electric baseboard heat with all rooms individually controlled. Two commercial electric hot water tanks were installed 2 years ago as owner supplies the hot water to all units. Coin operated laundry in the basement. Nice property to have your office and rental income.
— MLSPIN #: 73356478Map of 723 Washington St, Newton, MA 02458
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| List Price: | $2,350,000 |
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| Status: | Active |
| MLS ID: | 73356478 |
| Town: | Newton |
| Neighborhood: | Newtonville |
| County: | Middlesex |
| Zip: | 02458 |
| Property Type: | Residential Income |
| Property Sub Type: | 5+ Family - 5+ Units Up/Down |
| Bedrooms: | 5 |
| Full Baths: | 5 |
| Living Area: | 5,132 sqft |
| Acres: | 0.14 |
| Taxes: | 20,893 |
| Appliances: | Range, Refrigerator |
| Flooring: | Vinyl, Carpet |
| Lot Features: | Level |
| Parking Features: | Off Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1920 |
| Roof: | Shingle |
| Window Features: | Insulated Windows |
| Directions: | Near the intersection of Harvard Street. |
| Laundry Features: | Electric Dryer Hookup, Washer Hookup |
| Foundation Details: | Stone |
| Postal Code Plus4: | 1260 |
| Electric: | Circuit Breakers |
| Construction Materials: | Frame |
| Listing Contract Date: | 2025-04-08 |
| Lot Size Area: | 0.14 |
| Lot Size Square Feet: | 5,964 |
| Rooms Total: | 18 |
| Bathrooms Total Integer: | 5 |
| Basement: | true |
| Basement: | Full, Interior Entry, Concrete, Unfinished |
| Building Area Source: | Public Records |
| Building Area Total: | 5,132 |
| Community Features: | Public Transportation, Shopping, Park, T-Station, Sidewalks |
| Interior Features: | Living Room, Kitchen, Dining Room |
| Levels: | 9 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 6 |
| Parcel Number: | S:23 B:019 L:0005, 686060 |
| Rent Includes: | Unit 1(Water, Hot Water), Unit 2(Water, Hot Water), Unit 3(Heat, Water, Hot Water), Unit 4(Water, Hot Water) |
| Road Frontage Type: | Public |
| Road Surface Type: | Paved |
| Sewer: | Public Sewer |
| Utilities: | for Electric Dryer, Washer Hookup |
| Zoning: | VC2/BU2 |
| Stories Total: | 9 |
| Year Built Source: | Public Records |
| Disclosures: | Listing agent has financial ownership in the property. Buyer's agent, place your requested compensation in the buyer's offer, for the seller's consideration. Projected rent for store front is $3, 000/month. |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $124,200 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Color: | WHITE |
| Comp Based On: | Gross/Full Sale Price |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 1 |
| Flrs 3: | 2 |
| Flrs 4: | 2 |
| Lead Paint: | Unknown |
| Lease 1: | No |
| Lease 2: | No |
| Lease 3: | No |
| Lease 4: | No |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Levels 4: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $457.91 |
| Page: | 90 |
| Price Per Sqft: | $457.91 |
| Sewage District: | MWRA |
| Square Feet Disclosures: | GLA INCLUDES 1, 750 +/- STORE FRONT |
| Square Feet Incl Base: | No |
| Sub Agency Offered: | No |
| Year Round: | Yes |
| Net Operating Income: | $124,200 |
| Original List Price: | $2,350,000 |
| Parking Total: | 3 |
| Road Responsibility: | Public Maintained Road |
| Tax Assessed Value: | $1,565,300 |
| Tax Year: | 2025 |
| Total Actual Rent: | $5,750 |
| Year Built Details: | Approximate |
| Bedrms 1: | 1 |
| Bedrms 2: | 1 |
| Bedrms 3: | 1 |
| Bedrms 4: | 1 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| F Bths 4: | 1 |
| Hot Water: | Electric |
| Rent1: | 850 |
| Rent2: | 2,000 |
| Rent3: | 1,850 |
| Rent4: | 1,050 |
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on April 18, 2025 08:54 PM
Property Last Updated: April 16, 2025 05:49 PM
Listing Courtesy of: Kraft Fine Homes
Listing Agent: Cynthia Lanciloti
617-501-6158
