$5,750,000
53,000
Living Area
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Property Description
Prime Development Opportunity – Fully Entitled 46-Unit Site. Presenting a rare multifamily development opportunity in the highly desirable town of Stoneham, MA. This fully entitled site is approved for 46 residential units, offering a streamlined path to construction in one of Greater Boston’s most dynamic submarkets. Strategically located with convenient access to I-93 and I-95, the site is just minutes from downtown Stoneham, local amenities, and a short commute to Boston. The property sits in a strong rental and for-sale market supported by excellent school systems, vibrant community life, and proximity to regional employers. With all approvals in place, this development is ideally positioned for investors or developers seeking to capitalize on strong demand in the area. Whether you're building for sale or long-term rental income, this is a turn-key opportunity to deliver a high-quality residential project in a high-barrier-to-entry market.
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Highlights
- Acres: 3
- Parking Spots: 78
- Property Type: Duplex
- Year Built: 2025
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Status: Active
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Additional Details
- Foundation: Other
- SqFt Source: Other
- Year Built Details: To Be Built
- Zoning: R
- Lot Features: Other
- Total Number of Units: 46
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
- Parking Features: Off Street
- Covered Parking Spaces: 50
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Utilities
- Sewer: Other
- Water Source: Other
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Fees / Taxes
- Assessed Value: $2,130,200
- Taxes: $21,793
- Tax Year: 2025
- Total Rent: $6,200
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Listing information provided courtesy of GDP Real Estate Group, LLC.
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