DO NOT WALK THE PROPERTY GROUNDS WITHOUT THE LIST AGENT. Rare value-add opportunity at 495 Central Street! The city classifies as a 3-family residence (currently configured as a 2-family) sits on an expansive corner lot featuring the massive advantage of two separate driveways, one on Central St and one on Jackson St. The property has no income records as it has been occupied by the same family for multiple generations. This property is in need of extensive repair. The layout is a developer's dream for a potential condo conversion or a premium multi-family renovation with ample parking. The property is likely a full gut renovation, priced strictly for its current state and awaits a full transformation to unlock its maximum ROI. Sold strictly AS-IS, AS-SEEN. All buyers and agents to perform their own due diligence regarding zoning, unit count, and permitted use. Bring your vision to this blank canvas with incredible bones and a central location.

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Basic Information

Contingency Pending P&S
Lot Features Corner Lot, Level
Mls StatusUnder Agreement
Parcel Number M:005F B:0008 L:0008,2152596
Rent Includes Unit 1(None)
Road Frontage DescriptionPaved

Tax Information

Tax Assessed Value $818,500
Tax Year 2026
Taxes$8,528

Parking

Open Parking YN Yes
Parking Features Paved Drive, Off Street, Paved
Parking Spaces7

Rooms

Bathroom3
Bathrooms Total Decimal 3
Bedrooms5
Full Bath3

Basic Information

List Price$699,000
MLS Number73506365
Modification Date05/06/2026
Property SubType3 Family - 3 Units Up/Down
Purchase Contract Date04/28/2026
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Location

Address495 Central Street
Building Number495
CountyEssex
StateMA
StreetCentral Street
TownSaugus
Zip01906

Building

BasementFull, Dirt Floor
Building Area Units Square Feet
Construction Materials Frame
FoundationStone
Levels 3
Patio And Porch Features Enclosed
Rooms12
Stories3
Units2
Year Built1880
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.19

Interior

Flooring Hardwood
Interior Features Open Floorplan, Living Room, Dining Room, Kitchen, Office/Den

Exterior

RoofShingle

Utilities

Heat SystemYes
Heating Central, Oil
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Measured
Living Area 3,091
Lot Size Square Feet 8,390
Lot Size Units Acres
Road Responsibility Public Maintained Road
Square Feet3,091

Amenities

Amenities
- Highway Access
- Laundromat
- Medical Facility
- Park
- Private School
- Public School
- Public Transportation
- Shopping
Appliances IncludedRange, Refrigerator
Other AmenitiesBasement

Legal

ZoningNA

Other

Date Listed04/23/2026
Farm Land Area Units Square Feet
View Count3

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Newton, MA

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More Info

Basic Information

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Parking

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Newton, MA