Rare "By-Right" development opportunity in the heart of Newton Highlands Village, just steps to shops, restaurants, and the MBTA Green Line. The property sits on over 7,400 sq ft of land within Newton’s newly adopted VC2 Village Center zoning district, which encourages higher-density village housing with reduced setbacks, increased lot coverage, and building heights of up to approximately 3.5 stories.This property is being offered primarily as a development opportunity, with zoning that allows multifamily housing by right without the need for a special permit, making it a rare and highly attractive project for builders and developers. While the existing three-family home offers charm, including a spacious first-floor unit with four bedrooms and two baths plus two additional units above, the highest and best use may be redevelopment. The rendering shows four townhomes, however a small elevator building is also a possible and allowed scenario.
12,700 Sq Ft
7,477 Sq Ft Lot Size
investment
US$10,867 Annual Tax
Built in 1920
MLS/Listing ID 73492832
13 Stories
4 Units
Community - Tennis Courts
Community - Shopping
Community - Public Transportation
Community - Park
Construction - Frame
Natural Wood
Concrete Perimeter
Lake/Pond
Beach Ownership - Public
1/10 to 3/10 To Beach
Shingle
Living Room
Community - Walk/Jog Trails
Community - T-Station
Community - Public School
Community - Medical Facility
Community - Highway Access
Community - Conservation Area
Community - Bike Path
Patio
Parking - Off Street
TOTAL MONTHLY COST
US$0
US$0
US$0