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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.

More Info

Basic Information

  • Lot Features Level, Sloped
  • Mls StatusNew
  • Parcel Number M:0065 B:0019 L:0006,701582

Tax Information

  • Tax Assessed Value $1,523,800
  • Tax Year 2026
  • Taxes$14,766

Parking

  • Parking Spaces9

Basic Information

  • List Price$4,250,000
  • MLS Number73551391
  • Modification Date07/17/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Location

  • Address40 Cypress Street
  • Building Number40
  • CountyMiddlesex
  • StateMA
  • StreetCypress Street
  • TownNewton
  • Zip02459

Building

  • Building Area Units Square Feet
  • FoundationConcrete Perimeter
  • Levels 4
  • Stories4
  • Units10
  • Year Built2026
  • Year Built Details To Be Built
  • Year Built Source Owner

Property

  • Acreage0.4

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Owner
  • Living Area 15,000
  • Lot Size Square Feet 17,460
  • Lot Size Units Acres
  • Square Feet15,000

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
    • Walk/Jog Trails
  • Other AmenitiesGolf, Tennis

Legal

  • ZoningMR1/MR

Other

  • Date Listed07/17/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by O & C Homes Team of William Raveis R.E. & Home Services

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