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53-Unit New Construction Apartment Buildings
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345 Pleasant St, Watertown, MA 02472

New construction community with open-plan residences, duplex layouts, high ceilings, and a larger commercial space.

Property SizeContact for details
Days on Market142

Property Features for 345 Pleasant St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Coldwell Banker Commercial NRT Newton
Listed By: Todd Glaskin · License #MA 9009395
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 11:04AM

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 Coldwell Banker Commercial NRT Newton

Investment Insights

Based on property information with market context.

The Aver is a new construction apartment community comprising four buildings on over 1.6 acres. The property contains 53 residential units, with over 75% configured as two- or three-bedroom residences. Many apartments feature open floor plans, duplex layouts, and high ceilings. The community also includes one larger commercial space.

Located at 345 Pleasant St in Watertown, the property is served by buses at the front door with routes to Newton, Boston, and Cambridge. The surrounding area includes major life science developments and Arsenal Yards, a mixed-use destination with retail, restaurants, offices, and entertainment. The location also provides access to Boston and Cambridge educational and science hubs.

Key Highlights

  • 53 units across a four‑building new construction apartment community
  • Over 1.6 acres of land in Watertown, MA
  • Over 75% of units are two- or three‑bedroom residences

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Hotel & Motel Nursing Home Clothing & Fashion Store (Bike/Boat/Book/etc) Store Cosmetic Store

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

Location Intelligence

Trade Area within ½ mile

1,452
Businesses Nearby

Demographics for 02472, MA

35,392
Population
17,069
Households
2.1
Avg Household Size
39
Median Age
67%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
8,848
Density / Sq Mi
$123,383
Median Household Income
$77,537
Median Earnings
$2,356
Median Rent
$737,600
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 - New construction community with open-plan residences, duplex layouts, high ceilings, and a larger commercial space.
Where is this apartment building located?
The property is located at 345 Pleasant St Watertown, MA.
What are key features of this property?
This property features: 53 units across a four‑building new construction apartment community; Over 1.6 acres of land in Watertown, MA; Over 75% of units are two- or three‑bedroom residences
(617) 843-5685 Call to check price and availability
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