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    Property profile & analytics

    1247 Commonwealth Ave Allston, MA 02134-3544

    • Investment properties
    • 2,936 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $2,190,000
    Last Sale
    Jan 13, 2025
    $2,250,000
    Location Intelligence
    Property ID
    US38-0653415
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Volmmer's Haircutting / Barber Shop
    • Allison Joi DeWitt Makeup Artistry / Beauty Salon / Artist

    Property Details for 1247 Commonwealth Ave

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.10 lot acres
    Property size
    2,936 SF
    Zone code
    RC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    ALLS W:21 P:00865 S:000
    APU
    ALLSW21P00865S000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,405,000
      6.5%
      $2,230,000
      7%
      $2,185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,215,000
      Geo Method
      $2,230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,280,000
      Retail
      $2,225,000
      Mixed-Use
      $1,900,000
      Hospitality
      $2,245,000
      Educational
      $2,150,000
      Residential Income
      $2,225,000
      Energy
      $2,070,000
      Income-Based Land
      $2,430,000
      Food Service
      $1,820,000

    Location Insight

    • Map
    • Local Demand
    City
    Allston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.1321
    Latitude
    42.3503
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $524,400
    $390,500
    $914,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      25,970 SF

      1232-1236 Commonwealth Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 25,970 SF
      1232-1236 Commonwealth Ave, Allston, MA 02134
      View Details
    • Value Estimation by Request
      59,456 SF

      1125 Commonwealth Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 59,456 SF
      1125 Commonwealth Ave, Allston, MA 02134-3201
      View Details
    • Value Estimation by Request
      31,895 SF

      48 Brighton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 31,895 SF
      48 Brighton Ave, Allston, MA 02134-2303
      View Details
    • Value Estimation by Request
      5,925 SF

      316 Harvard St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,925 SF
      316 Harvard St, Allston, MA 02134-1531
      View Details
    • Value Estimation by Request
      9,097 SF

      1211 Commonwealth Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 9,097 SF
      1211 Commonwealth Ave, Allston, MA 02134-2819
      View Details
    • Value Estimation by Request
      13,864 SF

      58 Glenville Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 13,864 SF
      58 Glenville Ave, Allston, MA 02134-3453
      View Details

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      New retail condominium in Allston Village, leased to sneaker retailer.
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      Multifamily residence in prime location near Harvard Square.
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    Similar Nearby for Lease

    • $30 SF/Yr

      Industrial-Style Office Space Available

      First-floor office space with industrial feel, full kitchen.
      119 Braintree St, Boston, MA 02134
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    • $30 SF/Yr

      Office Space Near Transit Hub

      Office space with hardwood floors, high ceilings, and transit access.
      119 Braintree St, Boston, MA 02134
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    • $35 SF/Yr

      Modern Office Space Near Transit

      Modern 3,715 sq ft office space near transit.
      119 Braintree 601/602, Boston, MA 02134
      View Details
    • $35 SF/Yr

      Bright Office Space Available

      Corner unit with ample natural light and open layout.
      119 Braintree 704/705, Boston, MA 02134
      View Details
    • $33 SF/Yr

      Office Space Near Transit

      1,403 SF office space with exposed brick.
      119 Braintree 107, Boston, MA 02134
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    • $40 SF/Yr
      15,802 SF

      Financial District Office Space

      23-story office building in Boston's Financial District.
      260 Franklin St, Boston, MA 02134
      View Details
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    1247 Commonwealth Ave
    Allston, MA 02134-3544
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    Realmo Value Estimation

    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.

    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.

    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
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