40 Columbus St Newton — Photo 1 of 40
Recent Drop: $304,000
$1,995,000
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 5.46% cap rate and $108,889/yr in estimated NOI at the $1,995,000 list price. Adjust every assumption in the calculator below.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Washer • Dryer • Microwave
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Highway Access
Geography
Property History
$1,995,000
Was $2,299,000
Sep 8, 2026
MLS® 73561961
$2,299,000
Aug 11, 2026
MLS® 73561961
Listing Agent: Judy Korzenowski
Listing Office: Coldwell Banker Realty - Newton
MLS® Number: 73561961
