495 Central St, Saugus, MA 01906

Building Details

Year Built

1880

Listing agent Joyce Sullivan Show Phone

Listing office j***@kw.com Show Phone

Listing date Apr 24, 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 Joyce Sullivan

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Overview

This property, classified as a 3-family residence but currently configured as a 2-family, presents a value-add opportunity for developers and investors. Situated on an expansive corner lot, it features the advantage of two separate driveways, accessible from Central Street and Jackson Street. The property requires extensive repairs, including the roof, plumbing, and knob & tube wiring. The layout is suited for a potential condo conversion or a premium multi-family renovation with ample parking. Likely requiring a full gut renovation, the property is priced considering its current state, awaiting transformation to unlock its maximum ROI. It is sold strictly AS-IS, AS-SEEN. Buyers and agents are to perform their own due diligence regarding zoning, unit count, and permitted use. The location is described as central. The property has a bike score of 15, indicating it is somewhat bikeable, a walk score of 35, indicating car-dependent, and a transit score of 29, indicating some transit options.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Saugus

County

Essex

State

Massachusetts

Longitude

-71.0063048

Latitude

42.4506745

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FAQs

What type of property is this?

Multifamily property - Rare opportunity for developers and investors in a central location.

Where is this multifamily property located?

The property is located at 495 Central St Saugus, MA.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: Expansive corner lot with potential for condo conversion or premium multi‑family renovation.; Two separate driveways, one on Central St and one on Jackson St, providing ample parking.; Rare value‑add opportunity for developers and investors.