$1,599,000 ($513.65 per sqft)

Est. Mortgage $7,669/mo *

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371 Cherry St., Newton, MA, 02465

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10 rooms

4 beds

2 Full / 1 Half baths

1880

3,113 sqft

Rare WEST NEWTON opportunity for BUILDERS, INVESTORS, or OWNER-OCCUPIERS seeking FLEXIBILITY. Set on an 8,810 SF lot in MR1 zoning, this property offers MULTIPLE VALUE-ADD PATHS. Seller has ALREADY OBTAINED HISTORICAL DEMOLITION APPROVAL, engaged an ARCHITECT for NEW DESIGN PLANS, and PERMIT APPLICATION is IN PROCESS—saving months of pre-construction time. Ideal for a FULL REBUILD into TWO MULTI-MILLION-DOLLAR HOMES or a HIGH-END CONDO PROJECT. Existing structure offers two spacious units with bonus rooms, updated kitchens, and attic expansion potential if you prefer a RENOVATION approach. Or simply HOLD for rental income while finalizing redevelopment plans. STEPS to West Newton Square, commuter rail, express bus, and major highways. Whether you HOLD, RENOVATE, or REBUILD, this property delivers ENDLESS POSSIBILITIES in one of Newton’s MOST DESIRABLE neighborhoods.

Status:

Active

Type:

Multi-family

Units:

Zoning:

MR1

Heating:

Forced Air, Natural Gas

Cooling:

Central Air

Levels:

Parking:

8-car, Paved Drive, Off Street, Paved

Acreage:

0.2

Est. Taxes:

$11,695

Assessment

$1,193,400

Construction

Frame

Appliances:

Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer

MLS #:

73437218

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School Info

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Listing courtesy of David Sy Li, Phoenix Real Estate Partners, LLC 617-335-2372

$1,599,000 ($513.65 per sqft)

371 Cherry St., Newton, MA, 02465

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