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$ 1,500,000
Est. payment /mo
New
1081 River St Boston, MA 02136
7 Beds
2 Baths
2,558 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,558 sqft
Price per Sqft $586
MLS Listing ID 73508686
Bedrooms 7
Full Baths 2
Year Built 1900
Annual Tax Amount $9,361
Tax Year 2025
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Multi Family
Property Description
1081 River St offers a BPDA and ZBA approved project for the construction of a four (4) story residential building featuring 28 rental units with 15 onsite parkingspaces. The development spans approximately 27,584 square feet of gross floor area and includes 9 studios, 3 one-bedroom units, 13 two-bedroom units, and 3three-bedroom units. Estimated gross rental income is over $1M/year. 1081 River Street is in a prominent urban infill location with excellent MBTA access, includingbus lines and good proximity to commuter rail stations. Build a generational rental asset to hold long term, stabilize, and sell as a MF asset or potentially pivot to acondo scenario. Endless opportunities await this unique development opportunity.
Location
State MA
County Suffolk
Zoning R2
Direction Use GPS
Rooms
Basement Unfinished
Exterior
Total Parking Spaces 6
Garage No
Building
Lot Description Gentle Sloping
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Cameron Real Estate Group - Framingham
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