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.

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Basic Information

Contingency Attorney Review
Lot Features Other
Mls StatusUnder Agreement
Parcel Number 695029

Tax Information

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

Parking

Covered Spaces 8
Garage YN Yes
Parking Features Off Street
Parking Spaces8

Rooms

Bathroom16
Bathrooms Total Decimal 14
Bedrooms16
Full Bath12
Half Baths4

Basic Information

List Price$2,675,000
MLS Number73492832
Modification Date05/13/2026
Property SubType3 Family
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
Construction Materials Frame
FireplaceYes
Fireplaces Total 4
FoundationConcrete Perimeter, Other
Garage Spaces8
Levels 13
Patio And Porch Features Patio
Rooms32
Stories13
Units4
Year Built1920
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.17

Interior

Flooring Wood
Interior Features Living Room, Laundry Room

Exterior

RoofShingle

Utilities

Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 12,700
Lot Size Square Feet 7,477
Lot Size Units Acres
Square Feet12,700

Amenities

Amenities
- Bike Path
- Conservation Area
- Highway Access
- Medical Facility
- Park
- Public School
- Public Transportation
- Shopping
- T-Station
- Tennis Court(s)
- Walk/Jog Trails
Other AmenitiesFireplace, 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 Count6

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More Info

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Newton, MA