Multi Family at 40 Columbus St, Newton MA 02461, Newton
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$1,995,000

40 Columbus St, Newton MA 02461
Newton, MA 02461
Listed by Judy Korzenowski
Bedrooms
8
Bathrooms
4
Living area
5,674 sqft
Year built
1869

About this home

Exceptional redevelopment opportunity in desirable Newton Highlands! Situated on a generous 13,284 Sq Ft lot in an SR2 zoning district, this large Victorian Italianate , multi family, originally built as a single family home offers tremendous potential for contractors, builders, investors & developers. Used as a 3 unit multi for many years the existing structure features 8+ BRs, 4 full baths, 10 ft ceilings, & large rooms. Built in 1869, restore, reimagine, or explore redevelopment possibilities in an A++ location! Conveniently located close to village amenities, transportation, parks & major routes, 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. This is a rare opportunity to unlock value in 1 of Newton's most sought after locations. Judy and Anne are available to schedule an appointment for buyers to view this home at a buyer's convenience.

Property details

MLS #
73561961
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
50
On market date
August 11, 2026
Stories
3
Total bathrooms
4
Garage spaces
2
Parking spaces
6
Lot size
0.3 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Zervas
0.68 mi away · Grades 0-5
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
422
Student:teacher ratio
12.1:1
District
Newton
Middle
Oak Hill Middle
1.23 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
Newton South High
1.26 mi away · Grades 9-12
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
1,837
Student:teacher ratio
11.6:1
District
Newton

Walkability

Blended score for Newton's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

87
Highly walkable
out of 100
EPA National Walkability Index
15.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores7
Parks20
Schools20
Transit stops20
Pharmacies8

Market position

How this listing compares to current activity in Newton, from live MLS data.

On the market 50 days -- 45 fewer days than Newton's current average of 95 days.
For reference, the median list price across 822 active listings in Newton right now is $900,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$12,164/mo
$399,000 down
$1,596,000 loan
Principal & interest$10,352
Property tax (est.)$1,663
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 19 days ago.

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.