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723 Washington St, Newton MA 02458

Newton, MA 02458 • Newtonville
$2,250,000
$1,995,000
Est. $12,078/month
5
Beds
5
Baths
5,132
Sq Ft
$389
Price/Sq Ft
0.14
Acres
1920
Year Built
3
Parking
50
Days on Market
Active Price Drop -$255,000 Listed May 20, 2026 • MLS# 73521974 Copied! • Updated Jul 8, 2026

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

2
Price Changes
11.3%
Price Range

Property Timeline

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

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 6.09%
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
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street
Total Spaces 3
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
Fee Includes None
Amenities None
Optional Fee Includes None
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.
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) 49 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

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: 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
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
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
M

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
H

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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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,790
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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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

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 Jul 8, 2026 10:19 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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