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Commonwealth Development 1789 Commonwealth Ave 1 Unit Apartment Building $3,995,000 ($3,995,000/Unit) Brighton, MA 02135
Investment Highlights
- Dream location in AAA+ Cleveland Circle Location
- Strong rental property for long-term hold
- Steps to MBTA Green Line at your door
- Incredible development potential - buyer to do due diligence.
Executive Summary
Dream Covered Land Play! Spacious three family currently rented thru August 2026 at over $190,000 gross rent - dream rental or condo location with the MBTA Green Line at your door and Boston College and Brookline/Boston's best dining and shopping just minutes away. Rare NEARLY 1/2 ACRE lot went through a long process and got approved 39 Unit Redevelopment with ZBA, BPDA, and much Neighborhood Support. Currently subject to active abutter appeal. Buyer to conduct own due diligence. No representations made.Some images are renderings. Copies of proposed plans can be provided. A dream location for long term ownership and/or development.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$190,000
|
$29.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$190,000
|
$29.69
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $190,000 |
| Annual Per SF | $29.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $190,000 |
| Annual Per SF | $29.69 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,995,000 | Building Class | C |
| Price Per Unit | $3,995,000 | Lot Size | 0.49 AC |
| Sale Type | Investment | Building Size | 6,400 SF |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $3,995,000 |
| Price Per Unit | $3,995,000 |
| Sale Type | Investment |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 6,400 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | BRIG-000000-000021-002577 | Improvements Assessment | $1,490,300 |
| Land Assessment | $796,000 | Total Assessment | $2,286,300 |
Property Taxes
Parcel Number
BRIG-000000-000021-002577
Land Assessment
$796,000
Improvements Assessment
$1,490,300
Total Assessment
$2,286,300
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Commonwealth Development | 1789 Commonwealth Ave
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