REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,500,000
Est. payment | /mo
0.33 Acres Lot
$ 1,500,000
Est. payment | /mo
0.33 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73507186
HOA Y/N false
Year Built 2026
Annual Tax Amount $9,361
Tax Year 2025
Lot Size 0.330 Acres
Acres 0.33
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 parking spaces. 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 3 three-bedroom units. Estimated gross rental income is over $1M/year. 1081 River Street is in a prominent urban infill location with excellent MBTA access, including bus 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 a condo scenario. Endless opportunities await this unique development opportunity.
Location
State MA
County Suffolk
Zoning R2
Direction Use GPS
Others
Senior Community false
Listed by Cameron Real Estate Group - Framingham
Nearby Locations
GET MORE INFORMATION