Peter Saunders
REALTOR®
BEDS16
BATHS12 full 4 partial
SQUARE FEET12,700
MLS#73492832
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare By-Right 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 Newtons 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. The rendering shows four townhomes, however a small elevator building is also a possible and allowed scenario.
Property Features
Property Type: Multi Unit - Multiple
Fireplaces: 4
Garage: 8
Lot Size: 0.17 Acres
Roof Type: Shingle
Stories: 13.0
Taxes: $10,867
Year Built: 1920
Amenities
Living Room
Laundry Room
Feature Descriptions
Building Area Total: 12700
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, Public School, T-Station
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 26
Dwelling Type: 3 Family
Exclusions: Personal Belongings
Exterior: Frame
Fireplace Y/N: Yes
Flooring: Wood
GarageY/N: Yes
Lot Features: Other
Parcel Number: 695029
Parking Features: Off Street
Parking Total: 8
Patio And Porch: Patio
Rooms Total: 32
Sewer: Public Sewer
Units: 4
Water: Public
Waterfront Features: Lake/Pond,1/10 to 3/10 To Beach, Beach Ownership(Public)
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty - Newton
Agency Phone: 617-969-2447
Agent Name: Ward Shifman
Shown By
Agent Name: Peter Saunders
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
TOUR THIS HOME
Choose a date and time to see 1623 Centre Street, Newton, MA 02461.
I will get in touch with you shortly.
Estimate Your Payment
Estimated Payment
$ 7,639.18 per month $5,953.39 Principal & Interest $905.58 Property Tax $780.21 Homeowner's Insurance
1623 Centre Street | MLS# 73492832
This multi-family property located at 1623 Centre Street, Newton, MA 02461 is currently listed for sale with an asking price of $2,675,000. Search Newton real estate on petersaunders.masiellogrouprealestate.com today.