60 Beacon St Somerville, MA 02143
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.