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Residential Development Opportunity in Kingston
For Sale
$1,195,000

38 Crescent St, Kingston, MA 02364

Planned 54-unit residential development with preliminary approvals.

Property SizeContact for details
Lot Size4.27 Acres
Days on Market253

Property Features for 38 Crescent St

General Information

Standard status Active
Lot size 4.27 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $8,307

Building Details

Year Built 1900
Listing Agency: Berkshire Hathaway HomeServices Commonwealth Real Estate
Listed By: James Drumm · License #449594414
Source: Elliman
Added: Nov 28, 2025 Changed: Aug 8 Last Checked: Jul 16 at 10:48AM

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 Berkshire Hathaway HomeServices Commonwealth Real Estate

Investment Insights

Based on property information with market context.

This property presents a development opportunity for a planned 54-unit residential complex. The proposed development includes 30 one-bedroom units, 18 two-bedroom units, and 6 three-bedroom units. Preliminary approvals are in place, with the final state-level 40B approval to be obtained by the buyer. The plan includes 65 proposed parking spaces. A single-family home, currently tenanted, is included. A sewer betterment agreement with the town of Kingston and a wetlands conservation agreement with the state Department of Environmental Protection will transfer to the buyer. Obtaining all final approvals will be the responsibility of the buyer.

Key Highlights

  • Planned 54‑unit residential development.
  • Preliminary approvals in place.
  • Includes an attractive mix of 30 1‑bedroom, 18 2‑bedroom, and 6 3‑bedroom units.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Dental Office Pharmacy Parking Lot & Garage Hair Salon (Bike/Boat/Book/etc) Store Grocery & Convenience 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

226
Businesses Nearby

Demographics for 02364, MA

13,708
Population
5,658
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
99%
High-School Grad
18.6 sq mi
ZIP Area
737
Density / Sq Mi
$115,863
Median Household Income
$59,955
Median Earnings
$1,157
Median Rent
$562,000
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Planned 54-unit residential development with preliminary approvals.
Where is this residential land & home lot located?
The property is located at 38 Crescent St Kingston, MA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Planned 54‑unit residential development.; Preliminary approvals in place.; Includes an attractive mix of 30 1‑bedroom, 18 2‑bedroom, and 6 3‑bedroom units.
More about this property
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