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40 Cypress StNewton, MA 02459

For Sale

$4,250,000

Smart Buyer Rebate $21,250

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.

Listed by Omar Youssef

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William Raveis R.E. & Home Services

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857-231-0439

Listed by O & C Homes Team

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William Raveis R.E. & Home Services

Last updated July 21, 2026

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Source: MLSPin #73551391

Listing Facts

  • TypeMulti-family
  • NeighborhoodNewton Centre
  • Days on Prevu14
  • Taxes$14,766/year
  • Size15,000 sqft
  • Price per sqft$283

Amenities

  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

07/17/2026
Listed by William Raveis R.E. & Home Services
$4,250,000

Property Details for 40 Cypress St

Association

Amenities

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

Exterior

Construction

  • Number Of Units Total: 10
  • Stories: 4
  • Stories Total: 4
  • Year Built: 2026
  • Year Built Details: To Be Built

Measurements

  • Building Area Total: 15,000
  • Building Area Units: Square Feet
  • Lot Features: Level, Sloped
  • Lot Size Acres: 0.40
  • Lot Size Area: 0
  • Lot Size Square Feet: 17,460
  • Lot Size Units: Acres

Financial

Taxes

  • Parcel Number: M:0065 B:0019 L:0006,701582
  • Tax Annual Amount: $14,766.00
  • Tax Assessed Value: $1,523,800.00
  • Tax Year: 2026

Interior

Measurements

  • Living Area: 15,000
  • Living Area Source: Owner

Parking

Parking

  • Open Parking Spaces: 9
  • Parking Total: 9

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 40 Cypress St.

Does this multi-family home have parking?

Yes, there are 9 parking spaces available for 40 Cypress St.

What are the annual taxes for 40 Cypress St?

Annual taxes for this multi-family home are estimated at $14,766.

How does 40 Cypress St compare to other multi-family homes in Newton Centre?

This multi-family home is listed 39% above the average price for multi-family homes in Newton Centre and has been on the market for 42 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 15,000 sqft.

40 Cypress St is a -bedroom multi-family home for sale in Newton MA 02459. Available on Prevu for 14 days at $4,250,000. This residence features 15,000 square feet of living space, located in Newton Centre. The median listing price for multi-family homes in this area is $3,174,000. Property amenities include parking and swimming pool. Explore more multi-family home listings in Newton.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.