1609-1621 Beacon St Brookline, MA 02445
- Apartment buildings
- 13,100 SF
- 0.28 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1609-1621 Beacon St
- Year built
- 1920
- Lot size
- 0.28 lot acres
- Property size
- 13,100 SF
- Property type
- Apartment buildings
Description
This exceptional multifamily apartment building, located at 1609-1621 Beacon Street in Brookline, Massachusetts (zip code 02445), presents a compelling investment opportunity. Situated on a 0.28-acre lot (11,988 square feet) in the heart of Washington Square, this property enjoys a prime location at the intersection of Beacon Street and Washington Street, serving as a gateway between Coolidge Corner and Cleveland Circle. Built in 1920, the building boasts 13,100 square feet of interior space and currently houses four long-standing, successful businesses, generating over $400,000 in annual gross income. The property includes 13 parking spaces, a significant asset in this desirable location. With its substantial size and prime location, this property offers significant development potential, allowing for the creation of upscale luxury finishes and maximizing its income-generating capacity. The building's current strong tenancy provides immediate cash flow while development plans are pursued. This is a rare opportunity to acquire a high-performing asset with substantial upside in a highly sought-after Brookline location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brookline
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -71.1389
- Latitude
- 42.3328
