1081 River St offers a BPDA and ZBA approved project for the construction of a four (4) story residential building featuring 28 rental units with 15 onsite parkingspaces. The development spans approximately 27,584 square feet of gross floor area and includes 9 studios, 3 one-bedroom units, 13 two-bedroom units, and 3three-bedroom units. Estimated gross rental income is over $1M/year. 1081 River Street is in a prominent urban infill location with excellent MBTA access, includingbus lines and good proximity to commuter rail stations. Build a generational rental asset to hold long term, stabilize, and sell as a MF asset or potentially pivot to acondo scenario. Endless opportunities await this unique development opportunity.
| MLS Listing ID: | 73508686 |
|---|---|
| Listing Price: | $1,500,000 |
| Listing Status: | New [?] |
| Property Type: | Multi Family |
| Bedrooms: | 7 |
| Full Baths: | 2 |
| Living Space: | 2558 sf. |
| Lot Size: | 0.33 acres (14363 sf.) |
| Parking: | Yes |
| Taxes: | $9,361.00 |
| Tax Year: | 2025 |
Listing Current as of May 01, 2026 7:00pm
This listing brought to you by Enis Shehu of Cameron Real Estate Group - Framingham.
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