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Property profile & analytics
OFF-MARKET
Apartment buildings

1609-1621 Beacon St Brookline, MA 02445

13,100 SF 0.28 ac lot Built 1920
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1920
Total area 13,100 SF
Lot 0.28 ac (12,197 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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