A multifamily property located at 294-298 Tremont Street in Newton, MA, has been sold for $1,400,000. The asset comprises 3,708 square feet and is currently divided into four apartments. It features 7 bedrooms and 4.5 bathrooms, with the potential for reconfiguration as a 2-, 3-, or 4-family unit. Notable characteristics include high ceilings, an unfinished basement, and parking for five cars.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,400,000
• Square Footage: 3,708
• Address: 294-298 Tremont Street
• Market: Newton, MA
• Price per Square Foot: $378

The broker representing the transaction was Edward Lyon from Preservation Properties. His role involved facilitating the sale of the property while handling negotiations and other deal-related activities.