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BPDA-Approved Multifamily Development
For Sale
$1,299,000

30 Thorn St, Boston, MA 02136

Board-approved 40-unit multifamily project with a family-focused unit mix and parking approved for development.

Property SizeContact for details
Days on Market54

Property Features for 30 Thorn St

General Information

Standard status Active
Total Parking Spaces 19
Property subtype Land
Zoning RL - R

Additional Details

Multifamily Units 40

Taxes and HOA fees

Annual Taxes $498

Building Details

Stories 6
Listing Agency: CRG Commercial
Listed By: Mark Belenkii
Source: Laerrealty
Added: Jun 30 Changed: Aug 8 Last Checked: Aug 22 at 3:52AM

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 CRG Commercial

Investment Insights

Based on property information with market context.

This property represents a BPDA board-approved 40-unit multifamily development opportunity. The approved plans call for a 6-story residential building with a family-oriented unit mix of 25 three-bedroom units, 5 two-bedroom units, 5 one-bedroom units, and 5 studio units. The program also includes 5 affordable units, representing 13% in accordance with Boston’s Inclusionary Development Policy. The development approval includes 19 parking spaces, and planning materials are available upon written request.

The site is located just off River St in Boston’s Hyde Park neighborhood, with access to MBTA transit and local neighborhood services, parks, and commuter routes.

For developers and investors seeking a substantially advanced multifamily conversion of an approved program, the project offers a clear, board-approved pathway with defined unit composition and parking. The inclusionary component is already built into the approved plan, which can help inform underwriting and entitlement planning for an operator or sponsor moving the project toward development completion.

Key Highlights

  • BPDA board‑approved 40‑unit multifamily development opportunity in Boston’s Hyde Park neighborhood
  • Approved for a 6‑story residential building with 19 parking spaces
  • Family‑oriented unit mix: 25 three‑bedroom units, 5 two‑bedroom units, 5 one‑bedroom units, and 5 studio units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Restaurant Spa & Massage Center Real Estate Agency Parking Lot & Garage Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

40
Residential units

Location Intelligence

Trade Area within ½ mile

692
Businesses Nearby

Demographics for 02136, MA

35,102
Population
14,031
Households
2.5
Avg Household Size
39
Median Age
32%
College-Educated
88%
High-School Grad
4.6 sq mi
ZIP Area
7,631
Density / Sq Mi
$96,862
Median Household Income
$50,793
Median Earnings
$1,772
Median Rent
$566,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Board-approved 40-unit multifamily project with a family-focused unit mix and parking approved for development.
Where is this apartment building located?
The property is located at 30 Thorn St Boston, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: BPDA board‑approved 40‑unit multifamily development opportunity in Boston’s Hyde Park neighborhood; Approved for a 6‑story residential building with 19 parking spaces; Family‑oriented unit mix: 25 three‑bedroom units, 5 two‑bedroom units, 5 one‑bedroom units, and 5 studio units
More about this property
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