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Property profile & analytics
OFF-MARKET
Apartment buildings

60 Beacon St Somerville, MA 02143

7,407 SF
Property ID
Property summary
AI-generated overview

This exceptional multifamily development opportunity presents a 7,407 square foot parcel located at 60 Beacon Street in Somerville, Massachusetts. The property is situated in a zoning district permitting the construction of a four-story residential building, offering significant potential for a new development project. The site's strategic location provides convenient access to public transportation, with proximity to both the Porter Square and Harvard Square Red Line MBTA stations, approximately half a mile away. This prime location in Somerville, Middlesex County, offers excellent connectivity to the greater Boston area. The address is 60 Beacon Street, Somerville, MA 02143. The property is being offered for sale on an unpriced, call-for-offers basis. Interested parties are encouraged to schedule a property tour to assess the development potential firsthand. This is a unique chance to acquire a substantial parcel in a highly desirable and rapidly developing area. The existing structure is a four-story apartment building. The property's size and zoning allow for a significant redevelopment project. Serious inquiries only.

Property profile
Verified
Property type Apartment buildings
Total area 7,407 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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