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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 10 |
| Living area | 15,000 sqft |
| Lot size | 17,460 sqft |
| Year built | 2026 |
| Price / sqft | $283 |
| County | Middlesex |
| MLS # | 73551391 |
Listing status
| Days on market | 4 days |
| Listed on | July 17, 2026 |
Taxes & financials
| Annual property tax | $14,766 |
| Tax year | 2026 |
| Assessed value | $1,523,800 |
| Zoning | MR1/MR |
| Total actual rent | $0/mo |
Building & lot
| Stories | 4 |
| Total rooms | 0 |
| Lot size | 0.4 acres |
| Garage spaces | 0 |
| Parking spaces | 9 |
| Foundation | Concrete Perimeter |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Newton →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 40 Cypress St, Newton MA 02459 have?
It is a 10-unit multi-family property with 15,000 sqft of living area, built in 2026.
How long has 40 Cypress St, Newton MA 02459 been on the market?
40 Cypress St, Newton MA 02459 has been listed for 4 days (since July 17, 2026).
What is the price per unit?
At a list price of $4,250,000 across 10 units, that works out to roughly $425,000 per unit.
What are the property taxes on 40 Cypress St, Newton MA 02459?
Annual property taxes are $14,766 (2026), on an assessed value of $1,523,800.
What is the price per square foot?
At $4,250,000 for 15,000 sqft, that's about $283 per square foot.
Is there parking?
9 total parking spaces.
Where is this property located?
40 Cypress St, Newton MA 02459 is in Newton, Middlesex County, MA 02459.
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