Active Under Contract
115 Days on market
723 Washington St Newton — Photo 1 of 19

723 Washington St Newton — Photo 1 of 19

Recent Drop: $325,000

$2,250,000
$1,925,000

$1,925,000

723 Washington St, Newton, MA 02458

Newton, MA 02458 — Newtonville

Investor Analysis

Beds

5

Baths

5

SqFt

5,132

Style

5+ Family - 5+ Units Up/Down

Built

1920

Nice investment opportunity in convenient commuter location. The first building located at 723 Washington St. offers five one bedroom apartments. All units have wall to wall carpet with electric baseboard heat. Each room has individual thermostats for efficiency. Of the 5 units, 4 pay their own utility bills, while the 5th is paid for by the owner. Hot water is supplied by the landlord. There are 2 electric hot water tanks both 3 years old. Coin operated washing machine & dryer, are located in the basement. 721 Washington St, is a 1,750 +/- sf store front. The BU2 Zoning allows for many uses. There are 3 half bathrooms, one of which is handicap accessible. This building has gas heat and hot water. Additionally, there is central air conditioning. The buildings sit directly across from the express bus to Downtown Boston & the commuter rail to Boston Landing, Fenway, Back Bay & South Station. Public platforms to the commuter rail have been approved for reconstruction by the city & state.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$375/sqft
Local Avg (Newton)$561/sqft
33% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Newton, MA.

Property Details

Financials

Original Price$2,250,000
Annual Taxes$21,482

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms18
FireplacesNone
FlooringVinyl, Carpet
BasementFull, Interior Entry, Concrete, Unfinished

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningVC2/BU2

Property & Lot

Acres0.14
SqFt Lot5,964
Lot FeaturesLevel

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • T-Station • Sidewalks

Geography

Property History

Price Drop
$1,925,000

Was $1,995,000

Aug 7, 2026

MLS® 73521974

Sold
$2,000

Aug 5, 2026

MLS® 73520633

Price Drop
$1,995,000

Was $2,099,000

Jul 8, 2026

MLS® 73521974

Price Drop
$2,099,000

Was $2,250,000

Jun 9, 2026

MLS® 73521974

Listed
$2,250,000

May 20, 2026

MLS® 73521974

Listed
$2,000

May 18, 2026

MLS® 73520633

Expired
$2,350,000

Jul 31, 2025

MLS® 73356503

Expired
$2,350,000

May 30, 2025

MLS® 73356478

Listed
$2,350,000

Apr 8, 2025

MLS® 73356478

Listed
$2,350,000

Apr 8, 2025

MLS® 73356503

Population

13,050

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$154K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

38.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Cynthia Lanciloti

Listing Office: Kraft Fine Homes

MLS® Number: 73521974

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