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40 Cypress St, Newton MA 02459

Newton, MA 02459
$4,250,000
Est. $22,921/month
15,000
Sq Ft
$283
Price/Sq Ft
0.40
Acres
2026
Year Built
9
Parking
4 hours 35 minutes
Time on Market
Active Listed Jul 17, 2026 • MLS# 73551391 Copied! • Updated Jul 17, 2026

About this home

Rare development opportunity at 40 Cypress Street in Newton. This 17,000± sq. ft. lot has been subdivided through an approved ANR plan, creating two development parcels. One parcel is approved for two buildings containing six total units, while the second parcel is approved for one four-unit building, for a total of 10 units under Newton’s MRT zoning. Approvals and plans currently in hand include the ANR plan filed with the Registry of Deeds, an approved MRT project through the DRT team with the order filed at the Registry, filed engineering plans, interior demolition permit, fire and sprinkler plans, and tree permit. Structural plans and building permits are expected to be delivered by closing. A significant opportunity to acquire a well-advanced Newton development project with substantial approvals already completed.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Jul 17, 2026
$4,250,000
Original listing
Agent: O & C Homes Team Office: William Raveis R.E. & Home Services

Tax History

Year Taxes Assessment
2026 $14,766 $1,523,800

Financial Details

Annual Property Tax
$14,766
Tax Year 2026
Assessed Value
$1,523,800

Facts & Features

New Construction

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 2026
Living Area 15,000 sq ft
Lot Size 0.40 acres

Investment Metrics

Units 10
Unit 1 Rent — · N
Unit 2 Rent — · N
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Total Spaces 9
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $14,766
Assessed Value $1,523,800
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Owner
Documents None
County Middlesex

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
2026
Living Area
15,000 sq ft
Stories
4
Levels
4

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 2026
Structure Type:
Exterior Materials:
Roof:
Foundation: Concrete Perimeter
Stories: 4

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Level, Sloped
Road Surface:

Parking & Garage

Total Parking Spaces: 9
Parking Features:
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
E

Elementary Schools

10 schools
Newton Country Day School
1.2 mi
Grades 05-12
Mount Alvernia Academy
1.2 mi
Grades PK-06
Campus School at Boston College
1.4 mi
Grades PK-12
Chestnut Hill School
1.5 mi
Grades PK-06
Brimmer + May School
1.6 mi
Grades PK-12
Dearborn Academy School
1.9 mi
Grades 02-12
Jackson School
1.9 mi
Grades K-06
Learning Prep School
2.4 mi
Grades 02-12
Fessenden School
2.5 mi
Grades K-09
Solomon Schechter Day School
2.6 mi
Grades K-08
M

Middle Schools

4 schools
A+
Oak Hill Middle School
1.2 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
1.3 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
A+
Bigelow Middle School
1.9 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+
F.A. Day Middle School
2.3 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
H

High Schools

4 schools
Fusion Academy
1.8 mi
Grades 06-12
Clearway School
3.0 mi
Grades 06-12
A+
Newton South High School
1.1 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
A+
Newton North High School
1.4 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
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Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,231
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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$0/mo
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Current Rate
$0/mo
+0.5% Rate
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

40 Cypress St, Newton MA 02459

Newton, MA 02459

Listing Information

Listing Agent O & C Homes Team
Listing Office William Raveis R.E. & Home Services
Office Phone 617-964-1850
Agent MLS ID TM348278
Office MLS ID M95266
Listing Data Updated Jul 17, 2026 9:58 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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