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1954 Commonwealth Ave Boston, MA 02135

OFF-MARKET Land Google Maps
Estimated value
No estimation on file for this property yet.
Property ID US38-1770236

Property summary

AI-generated overview

This exceptional redevelopment opportunity presents a vacant 13,364 sq ft lot at 1954 Commonwealth Ave, Boston, MA 02135, in Suffolk County. Zoned for multifamily use, the property boasts pre-approved plans for a 13-unit apartment building, ideal for student housing or luxury rentals. The existing two-family home on the site is included in the sale, allowing for a phased development approach. Situated in a highly desirable Boston neighborhood, this location offers unparalleled convenience with the MBTA Green Line at its doorstep and the picturesque Chestnut Hill Reservoir at the rear, promising stunning views from future units. The property's proximity to Brookline and Newton further enhances its appeal. The asking price is $3,899,000. The approved plans allow for the construction of 13 residential units with below-ground garage parking. Buyers are responsible for conducting their own due diligence to review the existing approvals. This is a rare chance to create a high-end residential development in a prime Boston location. The property is currently vacant.

Property profile

Verified
Property type Land
UPID US38-1770236

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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