
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 8-bedroom in 02461 carries an estimated $5,760/mo in gross rent — about a 1.33% cap rate and $26,535/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
Single Family
Built
1869
A rare opportunity to restore and reimagine one of Newton Highlands’ grand Victorian treasures. Originally built in 1869 as a distinguished single-family residence, this impressive Italianate home is set on an expansive 13,284 sq. ft. lot in one of Newton’s most sought-after neighborhoods. Rich in character and architectural detail, the home showcases soaring 10-foot ceilings, remarkable room sizes, and an elegant scale rarely found today. From its gracious living spaces to its abundant bedrooms and flexible floor plan, the residence offers endless possibilities for those seeking to create a truly exceptional estate property. Whether your vision is a meticulous restoration of its historic grandeur or a thoughtful renovation blending period charm with modern luxury, the home’s impressive footprint and spectacular lot provide an extraordinary canvas. Ideally located just moments from Newton Highlands Village, enjoy easy access to shops, restaurants, parks, the Green Line, and major commuting routes. Opportunities to acquire a property of this size, stature, and location are exceedingly rare. Bring your imagination and unlock the potential of this landmark Newton Highlands residence. 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. Judy and Anne are available to schedule an appointment for buyers to view this home at a buyer's convenience. Please refer to the attached floorplans for approximate room dimensions and layout.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 5,674 sq ft principal dwelling). Lot size: 13,284 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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
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® 73568368
$2,299,000
Aug 26, 2026
MLS® 73568368
Listing Agent: Judy Korzenowski
Listing Office: Coldwell Banker Realty - Newton
MLS® Number: 73568368

