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Approved Multifamily Development Opportunity

1081 River St, Boston, MA 02136

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For Sale

$1,500,000

Approved project for 28 residential units in Boston.

Type:Commercial

Property size:

27,584 SF

Price / SF:

$54/SF

HighLights

BPDA and ZBA approved project for a 4‑story residential building with 28 rental units.
Projected gross rental income exceeding $1M annually.
Includes 15 on‑site parking spaces.
Mix of unit types: 9 studios, 3 one‑bedroom, 13 two‑bedroom, and 3 three‑bedroom units.
Excellent MBTA access with bus lines and proximity to commuter rail.
Potential to convert to a condo development.

We can help!

Listing Contact

Enis Shehu

Learn more

For Sale

$1,500,000

Approved project for 28 residential units in Boston.

Type:Commercial

Property size:

27,584 SF

Price / SF:

$54/SF

Added:: Apr 26, 2026
Days on Market:: 50
Last Refresh:: Apr 26 at 12:54 am

Property Features for 1081 River St

General Information

Standard status: Active
Size: 27,584 SF
Property subtype: Commercial

Building Details

Year Built: 2026

We can help!

Listing Contact

Enis Shehu

Listing agent Enis Shehu

Listing office Cameron Real Estate Group - Framingham

Listing date Apr 26, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Cameron Real Estate Group - Framingham

HighLights

BPDA and ZBA approved project for a 4‑story residential building with 28 rental units.
Projected gross rental income exceeding $1M annually.
Includes 15 on‑site parking spaces.
Mix of unit types: 9 studios, 3 one‑bedroom, 13 two‑bedroom, and 3 three‑bedroom units.
Excellent MBTA access with bus lines and proximity to commuter rail.
Potential to convert to a condo development.

Overview

The property at 1081 River St presents a BPDA and ZBA approved project for constructing a four-story residential building. The building is planned to feature 28 rental units, including 9 studios, 3 one-bedroom units, 13 two-bedroom units, and 3 three-bedroom units. The development will span approximately 27,584 square feet of gross floor area and include 15 on-site parking spaces. The estimated gross rental income is over $1,000,000 per year. This urban infill location offers excellent MBTA access, with bus lines and proximity to commuter rail stations. The location has a walk score of 90, indicating it is very walkable, a transit score of 60, indicating good transit options, and a bike score of 48, indicating it is somewhat bikeable. This development opportunity allows for building a generational rental asset for long-term holding, stabilization, and potential future sale as a multifamily asset or conversion to a condominium scenario.

Location Intelligence

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Local Demand

City: Boston
County: Suffolk
State: Massachusetts
Longitude: -71.1184612
Latitude: 42.2584673

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For sale
Apartment buildings
MA
Boston
02136
1081 River St

What type of property is this?

Apartment building - Approved project for 28 residential units in Boston.

Where is this apartment building located?

The property is located at 1081 River St Boston, MA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: BPDA and ZBA approved project for a 4‑story residential building with 28 rental units.; Projected gross rental income exceeding $1M annually.; Includes 15 on‑site parking spaces.