Active
23 Days on market
40 Columbus St Newton — Photo 1 of 40

40 Columbus St Newton — Photo 1 of 40

$2,299,000

Investment Analysis — 40 Columbus St

Newton, MA 02461 — Newton Highlands

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-unit multi-family in 02461 carries an estimated $14,790/mo in gross rent — about a 4.74% cap rate and $108,889/yr in estimated NOI at the $2,299,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

8

Baths

4

SqFt

5,674

Style

Multi Family

Built

1869

Exceptional redevelopment opportunity in desirable Newton Highlands! Situated on a generous 13,284 Sq Ft lot in an SR2 zoning district, this large Victorian Italianate , multi family, originally built as a single family home offers tremendous potential for contractors, builders, investors & developers. Used as a 3 unit multi for many years the existing structure features 8+ BRs, 4 full baths, 10 ft ceilings, & large rooms. Built in 1869, restore, reimagine, or explore redevelopment possibilities in an A++ location! Conveniently located close to village amenities, transportation, parks & major routes, this home is being sold "As Is". Seller makes no representations or warranties regarding the condition, use, zoning, occupancy, permits or development potential of the property. Buyers and buyers agents must perform their own due diligence & verify all information independently. This is a rare opportunity to unlock value in 1 of Newton's most sought after locations. Judy and Anne are available to schedule an appointment for buyers to view this home at a buyer's convenience.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$2,299,000
Annual Taxes$25,996

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms16
FireplacesNone
FlooringVinyl, Carpet, Hardwood
BasementFull, Unfinished

Climate & Utilities

HeatingSteam, Oil
CoolingNone, Window Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Slate
FoundationStone
ZoningSR2

Property & Lot

Acres0.3
SqFt Lot13,284
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Range • Dishwasher • Refrigerator • Washer • Dryer • Microwave

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Highway Access

Geography

Property History

Listed
$2,299,000

Aug 26, 2026

MLS® 73568368

Listed
$2,299,000

Aug 11, 2026

MLS® 73561961

Listing Provided By

Listing Agent: Judy Korzenowski

Listing Office: Coldwell Banker Realty - Newton

MLS® Number: 73561961