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

40 Columbus St Newton — Photo 1 of 40

Recent Drop: $304,000

$2,299,000
$1,995,000

$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.

View Standard Listing

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

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

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms16
Fireplaces1
FlooringTile, Carpet, Hardwood
BasementFull, Interior Entry, Unfinished

Climate & Utilities

HeatingSteam, Oil
CoolingWindow Unit(s), None
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

Neighborhood

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

Geography

Property History

Price Drop
$1,995,000

Was $2,299,000

Sep 8, 2026

MLS® 73568368

Listed
$2,299,000

Aug 26, 2026

MLS® 73568368

Listing Provided By

Listing Agent: Judy Korzenowski

Listing Office: Coldwell Banker Realty - Newton

MLS® Number: 73568368