INNOVATE
Real Estate
No photos available for this listing

$1,950,000

1003-1009 Chestnut, Newton MA 02464
Newton, MA 02464
Listed by John Nachtwey
Bedrooms
N/A
Bathrooms
N/A
Living area
7,051 sqft
Year built
1842

About this home

A rare and unique opportunity to acquire a freestanding mixed-use property offered in its entirety. The asset consists of five (5) mixed-use condominium units totaling approximately 4,552 square feet within a building encompassing approximately 7,000 square feet of usable area over 2.75 stories.The property will be delivered completely vacant at closing, creating exceptional flexibility for an owner-user, investor, or developer seeking to reposition, redevelop, or maximize the property's highest and best use potential.Prospective purchasers are encouraged to consult with the broker regarding the property's condition, delivery terms, zoning considerations, occupancy status, and other material factors that may influence value, redevelopment opportunities, and the important terms of sale.

Property details

MLS #
73537348
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
0.1 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
A E Angier
0.89 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
423
Student:teacher ratio
9.6:1
District
Newton
Middle
Oak Hill Middle
1.76 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
661
Student:teacher ratio
10.2:1
District
Newton
High
Needham High
1.95 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,669
Student:teacher ratio
12.9:1
District
Needham

Mortgage calculator

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Est. monthly payment
$11,893/mo
$390,000 down
$1,560,000 loan
Principal & interest$10,118
Property tax (est.)$1,625
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 21, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.