Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Orient Heights Development Opportunity Title is generated by Realmo AI

    970 Saratoga Street, Boston, MA 02128

    View on Map
    Claim this Listing
    For Sale
    $2,399,000

    Development project near Orient Heights MBTA Blue Line.

    Type:Multi-family
    Property size:
    15,542 SF
    Price / SF:
    $154/SF
    Added:
    Dec 8, 2025
    Days on Market:
    180
    Last Refresh:
    Apr 21 at 6:14 am

    Property Features for 970 Saratoga Street

    General Information

    Standard status
    Active
    Size
    15,542 SF
    Property subtype
    Multi-family

    Building Details

    Year Built
    2027

    We can help!

    Listing Contact
    Brian Rivas

    Listing agent Brian Rivas

    Listing office Carlton's Wharf & Co.

    Listing date Dec 8, 2025

    Source Stevebremis

    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 Carlton's Wharf & Co.

    HighLights

    • Approved development plans for a 4‑story building with 14 residential apartments and 1 retail space.
    • Prime location: Just 0.2 miles from Orient Heights MBTA Blue Line for easy access to Downtown Boston.
    • Proximity to the Suffolk Downs Project (161 acres of mixed‑use development).
    • Transit‑oriented development opportunity.
    • Potential for buy and hold investment or future condo conversion.
    • Part of East Boston's evolving Orient Heights neighborhood.

    Overview

    This development project, located at 970 Saratoga St. in Boston, presents an opportunity for developers and investors to participate in the transformation of the Orient Heights neighborhood. The project features an empty parking lot with city approvals and plans for a 4-story building. The building is designed to include a total of 14 residential apartments, with 2 designated as IDP/Affordable units, and 1 ground-level retail space. The property is located 0.2 miles from the Orient Heights MBTA Blue Line, providing convenient access to Downtown Boston (4 stops away). It is also situated 1 stop away from the Suffolk Downs Project, a 161-acre mixed-use development. This transit-oriented project is suitable for a buy-and-hold investment or future condo conversion. The property size is 15542 square feet. Buyers are responsible for performing due diligence and applying for building permits.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0075801
    Latitude
    42.3870915

    Nearby Similar for Sale

    • $2,150,000
      3,810 SF

      Three-Unit Residential Investment

      Three-unit Boston property positioned for strong rental demand with convenient public transit access.
      19 Claymoss Rd, Boston, MA 02135
      View Details
    • $2,400,000
      4,300 SF

      Renovated Multifamily Near Stony Brook

      Immaculate, renovated 6-unit building near Stony Brook Orange Line.
      39-41 W Walnut Park, Boston, MA 02119
      View Details
    • $1,190,000
      2,763 SF

      Renovated Triple Decker Triplex

      Recently renovated triplex with three units, including one vacant unit, offering a refreshed mix of 2- and 3-bedroom layouts.
      81 Ellington St, Boston, MA 02121
      View Details
    • $1,790,000
      3,381 SF

      Multifamily Property in Mission Hill

      Well-maintained multifamily near public transport, hospitals, and universities.
      12 Schiller St, Boston, MA 02130
      View Details
    • $2,200,000

      Boston Retail Condominium For Sale

      Street-level retail condominium in Boston's South End.
      485-495 Harrison Ave 101, Boston, MA 02118
      View Details
    • $1,275,000
      3,399 SF

      Corner-Lot Two-Family Duplex

      Two updated units with private and shared decks on a corner lot, offering flexible owner-occupied or rental use.
      87 Etna Street, Boston, MA 02135
      View Details
    • $1,350,000
      3,707 SF

      Remodeled Three-Family Residence

      Updated three-family with separate utilities and storage closets, offering owner-occupant flexibility alongside already-rented units.
      64 Bremen Street, Boston, MA 02128
      View Details
    • $2,900,000
      3,647 SF

      Two-Family Brownstone with Original Details

      Two-family brownstone in Boston with original period details.
      155 W Concord, Boston, MA 02118
      View Details
    • $2,795,000
      5,476 SF

      Brighton Multifamily Investment Opportunity

      Six-family property in prime Brighton location with strong rental potential.
      65-67 Surrey, Boston, MA 02135
      View Details
    • $2,500,000
      5,345 SF

      Multifamily Property Near Green Line

      Multifamily property with upside potential near Boston's Green Line.
      588-590 Cambridge St, Boston, MA 02134
      View Details
    • $1,579,000
      1,839 SF

      Renovated Multi-Family Brick Building

      Turn-key, renovated 3-family building near public transportation and universities.
      23 Warwick St, Boston, MA 02120
      View Details
    • $995,000
      3,543 SF

      Dorchester Triplex in Ashmont Hill

      Spacious three-unit property in desirable Ashmont Hill neighborhood.
      64 Fuller Street, Boston, MA 02124
      View Details

    FAQs

    What type of property is this?
    Commercial land - Development project near Orient Heights MBTA Blue Line.
    Where is this commercial land located?
    The property is located at 970 Saratoga Street Boston, MA.
    What is the asking price?
    The asking price for this property is $2,399,000.
    What are key features of this property?
    This property features: Approved development plans for a **4‑story building with 14 residential apartments and 1 retail space**.; **Prime location**: Just 0.2 miles from Orient Heights MBTA Blue Line for easy access to Downtown Boston.; Proximity to the Suffolk Downs Project (161 acres of mixed‑use development).
    We can help!
    Listing Contact
    Brian Rivas
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    970 Saratoga Street, Boston, MA 02128
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!