2 Waumbeck St Dorchester, MA 02121-1256
- Investment properties
- 5,805 SF
- 0.18 lot acres
Current Use by Public Records
- Thomas Construction Services / General Contractor
- Waumbeck Distributors / Hardware Store
Property Details for 2 Waumbeck St
- Year built
- 1899
- Construction
- FRAME
- Lot size
- 0.18 lot acres
- Property size
- 5,805 SF
- Zone code
- RC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- ROXB W:12 P:02099 S:000
- APU
- ROXBW12P02099S000
Description
This exceptional mixed-use property, situated at 2 Waumbeck Street in Boston, MA, presents a unique investment opportunity. Spanning 0.18 acres, this five-unit building sits conveniently on the Dorchester/Roxbury line, a highly sought-after location. The ground floor currently boasts a sizable office space, complete with high ceilings, multiple work areas, and two bathrooms, offering immediate income potential. The upper floors comprise three two-bedroom, one-bathroom residential units of varying sizes, and one larger three-bedroom, one-bathroom unit. While these residential units could benefit from some modernization, this presents a chance to increase rental income significantly. Importantly, the property already has approved plans for a substantial expansion and conversion. These plans detail the creation of six three-bedroom, one-bathroom residential units, along with a basement office space, dramatically increasing the property's rental yield. The approved expansion also includes a roof raise to the third floor, allowing for the creation of additional living space. This makes the property ideally suited for conversion into a high-performing multi-family building or even a condominium project. Adding to its appeal, the property includes ample parking and a heated driveway, providing year-round convenience for tenants and residents. This is a rare chance to acquire a property with approved plans for significant expansion in a high-demand Boston neighborhood. The combination of existing income potential and the approved expansion plans makes this an attractive proposition for both investors and developers seeking a high-return investment.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dorchester
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.0841
- Latitude
- 42.3132
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
