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First time available in 47 years, this stately Victorian multifamily gem is ready to be re-imagined as a part of the new MRT BY-RIGHT ZONING OVERLAY! This property is in a prime location with numerous development opportunities right in the Newton Highlands Village Center MRT Overlay District! Renovate the existing home and carriage house for multi-generational living and income potential. Or exercise the MRT Adaptive Reuse option, allowing up to 6 units to be developed with an addition of up to 50% of the building footprint of the original house, all by-right. Another option would be to create a 2nd historic-looking building w/ a 1,500 SF footprint, 40' height limit, with 3 or more units by either incorporating the existing Carriage House or potentially as a new building. Adaptive Use properties are exempt from VCOD open space requirements to maximize potential. Ideally located 1/10th of a mile to the Newton Highlands Village Center and just 2/10ths of a mile to the MBTA Green Line.

MLS Listing ID: 73214408
Listing Price: $2,500,000
Listing Status: Active [?]
Neighborhood: Newton Highlands
Property Type: Multi Family
Bedrooms: 6
Full Baths: 3
Living Space: 3225 sf.
Lot Size: 0.26 acres (11371 sf.)
Parking: Yes
Taxes: $13,650.00
Tax Year: 2023

Listing Current as of April 24, 2024 12:00am

This listing brought to you by DiDuca Properties of Commonwealth Standard Realty Advisors.

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