Property profile

60 Monterey Ave Boston, MA 02126

FOR SALE
Residential land & home lots
Property ID
US38-Q000490
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Property summary

AI-generated overview

Great Opportunity to own two (2) lots of land in the Mattahunt Woods Neighborhood (Urban Wild) of Mattapan. These contiguous parcels are in one of the less restrictive zoning districts which allows for building single family homes on lots under 5K. This zoning plus the ADU potential offers profit plus for the savvy builder. New construction comparable in the area sold for $899,000. We all know housing is needed in the city and additional housing is one of the main goals of the administration. This is where you can begin your journey to create more housing for Boston residents. Your chance to be a part of the growing economy. There are two adjacent city owned lots which could have added interest to a developer with talent. OR if you want a home for YOU and your family this is the most affordable land opportunity for an owner/builder. Value added before you put a shovel in the ground. Raw land on undeveloped private way across from Mattahunt school. Buyer to use due diligence.

Property profile

Verified
Property type Residential land & home lots
UPID US38-Q000490

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

60 Monterey Ave Boston, MA 02126
Boston metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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