Sold!
$1,100,000
8
Beds
3
Baths
3,672
Living Area
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Property Description
Attention Investors & Developers ~ Excellent Development Opportunity ~ Ready to Develop 7 Units. The neighborhood has proven to be highly desirable; rent increases in East Boston since 2020 are the second highest among Boston neighborhoods. Seller has in-hand City Zoning Approval for 7 residential units and 7 parking spaces, good until 6/24/2024. Approval is based on completed: Architectural Plans; Structural Plans; MEP plans; Civil Plans; Renderings. Attractions in this thriving neighborhood include the ICA Watershed, the City’s last salt marsh at Belle Isle, Piers Park, the beach at nearby Orient Heights, and fabulous views of Boston Harbor and Boston skyline. City permitting is done so you can build quickly and get 7 units on the market for rent or sale. **Attractive Financing Available
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Highlights
- Area: East Boston
- Property Type: 3 Family
- Year Built: 1900
- Property Class: Residential Income
- Total Rooms: 19
- Status: Closed
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Additional Details
- Foundation: Stone, Brick/Mortar
- Total Number of Units: 3
- Year Built Source: Public Records
- Lot Features: Level
- Year Built Details: Unknown/Mixed
- Zoning: 3-Fam
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Amenities
- Community Features: Public Transportation, Shopping, Highway Access, Marina
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $960,600
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2023
- Buyer Agent Compensation: 2.0%%
- Facilitator Compensation: 1.0%%
- Taxes: $10,409
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of RCL Real Estate, LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
