294-298 Tremont St, Newton MA 02458

Newton, MA 02458 • Newton Corner
$1,400,000
Est. $7,451/month
7
Beds
4.5
Baths
3,708
Sq Ft
$378
Price/Sq Ft
0.13
Acres
1938
Year Built
4 Family
Type
36
Days on Market
Closed Listed Sep 26, 2025 • MLS# 73229125

About this home

Opportunity awaits the savvy buyer. Own a rare property in Newton just minutes from the Mass Pike and right on the express bus line to Boston. Seller has owned the building for decades and has always rented as 2 one-bedroom apartments on the first floor, a two-bedroom apt on 2nd floor and a three-bedroom apartment which duplexes into the 3rd floor. City of Newton is not sure property is a 2 ,3 or 4 family. Buyer will need to determine status after purchase. Several rooms have 10 foot ceilings, suggesting one could remove the drop ceilings to go full height for impressive spaces. The basement is unfinished but has a high ceiling, and there are 4 furnaces 4 hot water tanks & 4 electric meters. Long term tenants with leases expiring this July. Some updates, but some finishes are in need of further updating. Gas hot air systems about 10 years old but roof dates to 1999. Parking for 5 cars but there is room to expand parking area. Don't let this one pass you by!

Sale Statistics

Sale Overview
Original List Price: $1,995,000
Final Sale Price: $1,400,000
Difference: $595,000 (-29.8%)
Performance Metrics
70.2%
List to Sale Ratio
Sold below asking price
36
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $538
Sale $/sq ft: $378
This property sold for $378 per square foot
Sale Summary

This property sold for 29.8% below the original asking price.

The property spent 36 days on market before selling.

Facts & Features

Property Overview

Property Type
4 Family
Property Category
Residential Income
Year Built
1938
Bedrooms
7
Full Bathrooms
4
Half Bathrooms
1
Living Area
3,708 sq ft
Total Rooms
16
Stories
5
Levels
5

Interior Features

Flooring
Tile, Carpet, Varies, Hardwood
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
None, Wall Unit(s)
Has Cooling
No
Has Fireplace
No
Appliances
Range, Refrigerator, Range Hood, Dishwasher
Interior Features
Bathroom With Tub & Shower, Upgraded Cabinets, Upgraded Countertops, Open Floorplan, Internet Available - Unknown, Living Room, Kitchen, Living RM/Dining RM Combo, Office/Den
Laundry Features
Washer Hookup
Basement Details
Full, Interior Entry, Concrete, Unfinished
Window Features
Box/Bay/Bow Window(s), Storm Window(s)
Door Features
Storm Door(s)

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Exterior Features
Stone Wall
Patio/Porch Features
Patio
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.13 acres
Lot Size
5,604 sq ft
Lot Size Area
0.1300
Lot Features
Level, Sloped
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
5
Parking Features
Off Street, Common, Paved

Utilities & Systems

Utilities Available
for Electric Range, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Sidewalks
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$9,565
Tax Year
2024
Tax Assessed Value
$980,000
Parcel Number
S:72 B:011 L:0009,702526
Zoning
MR2
Financial Data Source
Not Available

Additional Details

Year Built Source
Public Records
Year Built Details
Actual,Renovated Since
Disclosures
Seller purchased property as a 4 unit building and has been rented out for decades as a four unit building, but buyer is responsible for their own due diligence without representation from agent or seller as to what the City of Newton recognizes.
Exclusions
Tenants Belongings
Listing Terms
Contract

Location

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Neighborhood

Newton Corner

294-298 Tremont St, Newton MA 02458

Newton, MA 02458

Walkability

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Schools

Elementary School
Underwood
Rating information coming soon
Middle School
Bigelow
Rating information coming soon
High School
North
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $797
Homeowners Insurance $200
PMI $0

Property History

Market Insights

29.8%
Price Range
38
Total Days on Market

Property Timeline

Sold
Jul 11, 2024
$1,400,000
Property sold
Days on Market: 38
🏠
Listed for Sale
Apr 26, 2024
$1,995,000
Original listing
Agent: Ed Lyon Office: Preservation Properties

Price & Status History

Date Event Price Change
Apr 26, 2024 New Listing Added $1,995,000

Market Statistics

Days on Market
36 days
Price per Sq Ft
$378

Tax History

Year Taxes Assessment
2024 $9,565 $980,000

Financial Details

Annual Property Tax
$9,565
Tax Year 2024
Assessed Value
$980,000

Listing Information

Listing Agent Ed Lyon
Listing Office Preservation Properties
Agent MLS ID NB900045
Office MLS ID NB9037

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