723 Washington St, Newton MA 02458
Newton, MA 02458 • Newtonville
$2,250,000
$1,925,000
Est. $11,724/month
About this home
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.
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Recently Sold Nearby
Property History
Market Insights
3
Price Changes
14.4%
Price Range
Property Timeline
Price Reduced
Aug 7, 2026
$1,925,000
$70,000
(-3.51%)
From $1,995,000 to $1,925,000 (-3.5%)
Price Reduced
Jul 8, 2026
$1,995,000
$104,000
(-4.95%)
From $2,099,000 to $1,995,000 (-5.0%)
Price Reduced
Jun 9, 2026
$2,099,000
$151,000
(-6.71%)
From $2,250,000 to $2,099,000 (-6.7%)
Listed for Sale
May 20, 2026
$2,250,000
Original listing
Agent: Cynthia Lanciloti
Office: Kraft Fine Homes
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/07/2026 | ↓ Price Reduced | $1,925,000 | $70,000 | - | From $1,995,000 to $1,925,000 (-3.5%) |
| 07/08/2026 | ↓ Price Reduced | $1,995,000 | $104,000 | - | From $2,099,000 to $1,995,000 (-5.0%) |
| 06/09/2026 | ↓ Price Reduced | $2,099,000 | $151,000 | - | From $2,250,000 to $2,099,000 (-6.7%) |
| 05/20/2026 | 🏠 Listed for Sale | $2,250,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $21,482 | $1,647,700 |
Financial Details
Annual Property Tax
$21,482
Tax Year 2026
Assessed Value
$1,647,700
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1920
Living Area
5,132 sq ft
Lot Size
0.14 acres
Bedrooms
5
Full Baths
5
Total Rooms
18
Investment Metrics
Units
6
Unit 1 Rent
$1,000/mo · N
Unit 2 Rent
$2,000/mo · N
Unit 3 Rent
$2,000/mo · N
Unit 4 Rent
$1,500/mo · N
Total Monthly Rent
$6,500/mo
Gross Income
$146,400
Net Operating Income
$121,400
Operating Expenses
$25,000
Cap Rate
6.31%
Interior
Heating
None
Cooling
None
Flooring
Vinyl, Carpet
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Interior Entry, Concrete, Unfinished
Laundry
Electric Dryer Hookup, Washer Hookup
Features
Living Room, Kitchen, Dining Room
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street
Total Spaces
3
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$21,482
Assessed Value
$1,647,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Listing Agent Has Financial Ownership In The Property. Buyers Agent, Place Your Requested Compensation In The Buyers Offer, For The Sellers Consideration. Projected Rent For Store Front Is $4, 000/month.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
WHITE
Sq Ft Source
Public Record
Sq Ft Disclosures
GLA INCLUDES 1,750 +/- STORE FRONT
Documents
None
County
Middlesex
Total market time (incl. prior listings)
79 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1920
Bedrooms
5
Full Bathrooms
5
Living Area
5,132 sq ft
Total Rooms
18
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,132 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Vinyl, Carpet
Appliances:
Range, Refrigerator
Interior Features:
Living Room, Kitchen, Dining Room
Windows:
Insulated Windows
Basement:
Full, Interior Entry, Concrete, Unfinished
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Electric
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Off Street
Nearby Schools
School District
Newton School District local
A+
School Safety
2024-25
0.3%
Low
0.3%
Suspensions
0.7%
In-School
5.2% below state avg
Elementary Schools
10 schools
Dearborn Academy School
0.3 mi
Grades 02-12
Jackson School
0.5 mi
Grades K-06
Newton Country Day School
0.8 mi
Grades 05-12
Fessenden School
0.9 mi
Grades K-09
Learning Prep School
1.6 mi
Grades 02-12
Mount Alvernia Academy
1.8 mi
Grades PK-06
Campus School at Boston College
2.2 mi
Grades PK-12
Chestnut Hill School
2.6 mi
Grades PK-06
Brimmer + May School
2.8 mi
Grades PK-12
Solomon Schechter Day School
4.3 mi
Grades K-08
Middle Schools
4 schools
A+
F.A. Day Middle School
0.6 mi
|
#11 of 352
|
Score: 63.2
Improved 40 spots from last year
+5 above state avg
860 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
A+
Bigelow Middle School
1.1 mi
|
#26 of 352
|
Score: 60.6
Improved 44 spots from last year
+2.4 above state avg
434 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
A+
Oak Hill Middle School
3.0 mi
|
#23 of 352
|
Score: 60.8
Improved 14 spots from last year
+2.6 above state avg
649 students
Diverse
Diverse Student Body
Grades 06-08
A+
Charles E Brown Middle School
3.1 mi
|
#2 of 352
|
Score: 66.4
Improved 36 spots from last year
+8.2 above state avg
713 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
4 schools
Clearway School
3.1 mi
Grades 06-12
Fusion Academy
3.2 mi
Grades 06-12
A+
Newton North High School
0.6 mi
|
#7 of 346
|
Score: 76.5
Improved 44 spots from last year
+18.3 above state avg
2,096 students
Diverse
20 sports
• 3,076 athletes
Strong AP Program
High Graduation Rate
Rising School
Career Tech Programs
Grades 09-12
A+
Newton South High School
2.9 mi
|
#5 of 346
|
Score: 77.9
Improved 20 spots from last year
+19.7 above state avg
1,898 students
Diverse
20 sports
• 2,730 athletes
Strong AP Program
High Graduation Rate
Rising School
Career Tech Programs
Grades 09-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$1,790
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
Newtonville
723 Washington St, Newton MA 02458
Newton, MA 02458
Listing Information
Listing Agent
Cynthia Lanciloti
Listing Office
Kraft Fine Homes
Office Phone
617-527-7002
Agent MLS ID
BB301761
Office MLS ID
NB9391
Listing Data Updated
Aug 7, 2026 11:08 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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