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Mattapan Multifamily Investment Opportunity
For Sale
Contact for pricing
Pending

640 River Street, Boston, MA 02126

Multifamily property in a dynamic Boston neighborhood with rent growth potential.

Property Size7,797 SF
Days on Market198

Property Features for 640 River Street

General Information

Standard status Pending
Size 7,797 SF
Property subtype Multifamily

Building Details

Year Built 1920
Buildings 1
Stories 3
Listing Agency: Boston Realty Advisors
Listed By: Kevin Benzinger · License #MA
Source: Crexi
Added: Jan 26 Changed: Aug 8 Last Checked: Aug 8 at 6:36AM

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 Boston Realty Advisors

Investment Insights

Based on property information with market context.

This multifamily property is located in Mattapan, Massachusetts. The building contains six units, each featuring two bedrooms and one bathroom. The units present an opportunity for rent growth through in-unit upgrades and strategic releasing. The property benefits from its location within Mattapan, a neighborhood experiencing increasing demand as a residential community for families and working professionals. Its position offers convenient access to downtown Boston and surrounding submarkets via the Mattapan Line, multiple bus routes, and key corridors such as Blue Hill Avenue. Residents can enjoy a walkable environment with access to local dining, retail options, and community amenities. The property size is 7797 square feet.

Key Highlights

  • Six 2‑bedroom/1‑bathroom units offer immediate rental income potential.
  • Opportunity for rent growth through in‑unit upgrades and re‑leasing.
  • Located in Mattapan, a dynamic and in‑demand residential community.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Butcher HVAC Service (Bike/Boat/Book/etc) Store Clothing & Fashion Store Tanning Salon Pet Grooming Service

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

705
Businesses Nearby

Demographics for 02126, MA

22,734
Population
9,617
Households
2.4
Avg Household Size
38
Median Age
24%
College-Educated
87%
High-School Grad
1.8 sq mi
ZIP Area
12,630
Density / Sq Mi
$67,206
Median Household Income
$42,397
Median Earnings
$1,659
Median Rent
$515,000
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 - Multifamily property in a dynamic Boston neighborhood with rent growth potential.
Where is this apartment building located?
The property is located at 640 River Street Boston, MA.
What are key features of this property?
This property features: Six 2‑bedroom/1‑bathroom units offer immediate rental income potential.; Opportunity for rent growth through in‑unit upgrades and re‑leasing.; Located in Mattapan, a dynamic and in‑demand residential community.
(617) 375-7900 Call to check price and availability
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