A Mixed-Use Investment Property in Newtonville With Strong Transit Access

Presented By

Cynthia Lanciloti & Logan Lanciloti-StarkKraft Fine Homes

Produced in partnership with Cynthia Lanciloti & Logan Lanciloti-Stark, Kraft Fine Homes

Price: $2,099,000

Location: 723 Washington Street, Newtonville, MA 02458

A mixed-use property is now for sale in Newtonville, offering a five-unit residential building along with an adjacent commercial space. It presents an opportunity for rental income, business use, and long-term flexibility in the greater Boston market.

The residential portion of the property is configured with five one-bedroom apartments. Each unit includes electric baseboard heating with individual thermostat controls, while most of the apartments are separately metered. Basement laundry adds a practical tenant amenity and can create an additional income stream for ownership.

The adjacent building at 721 Washington Street adds approximately 1,750 square feet of storefront space. With BU2 zoning, the commercial component can support a range of potential uses, from retail and professional services to an owner-operated business. The space also includes three half-bathrooms, gas heat, hot water, and central air conditioning.

This combination of residential and commercial space gives the property a more flexible profile than a traditional multifamily building. The apartments offer recurring rental income, while the storefront creates opportunities for a commercial tenant, small business, or future repositioning depending on ownership goals.

The location is one of the property’s strongest advantages. Nearby express bus service and commuter rail access connect the area to key Boston destinations, including Boston Landing, Fenway, Back Bay, and South Station. Public platform reconstruction has also been approved for the commuter rail, adding to the area’s ongoing transit investment.

With five apartments, a flexible storefront, and access to key Boston transit routes, 723 Washington Street offers a balanced investment opportunity in a highly accessible area.