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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.

More Info

Basic Information

  • Contingency Attorney Review
  • Lot Features Level
  • Mls StatusUnder Agreement
  • Parcel Number 695029

Tax Information

  • Tax Assessed Value $1,108,800
  • Tax Year 2025
  • Taxes$10,867

Basic Information

  • List Price$2,675,000
  • MLS Number73492831
  • Modification Date05/13/2026
  • Property SubTypeResidential
  • Purchase Contract Date05/08/2026

Location

  • Address1623 Centre Street
  • Building Number1623
  • CountyMiddlesex
  • NeighborhoodNewton Highlands
  • StateMA
  • StreetCentre Street
  • SubdivisionNewton Highlands
  • TownNewton
  • Zip02461

Building

  • Building Area Units Square Feet

Property

  • Acreage0.17

Utilities

  • Electric On-Site
  • Electric On Property YN Yes
  • Gas On-Site
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Lot Size Square Feet 7,477
  • Lot Size Units Acres

Amenities

  • Amenities
    • Bike Path
    • Golf
    • Highway Access
    • Medical Facility
    • Pool
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
  • Other AmenitiesGolf, Tennis, Lakefront

Water Body

  • Miles to Beach0.3
  • Waterfront Features Lake/Pond,1/10 to 3/10 To Beach, Beach Ownership(Public)

Legal

  • ZoningMR2/VC2

Other

  • Date Listed03/27/2026
  • Farm Land Area Units Square Feet
  • View Count9

Map Location

Driving Directions

Listed by Ward Shifman of Coldwell Banker Realty - Newton

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