For Sale
$8,500,000

1609-1621 Beacon StBrookline, MA 02445

Brookline gem: high-income potential, development opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional multifamily apartment building, located at 1609-1621 Beacon Street in Brookline, Massachusetts (zip code 02445), presents a compelling investment opportunity. Situated on a 0.28-acre lot (11,988 square feet) in the heart of Washington Square, this property enjoys a prime location at the intersection of Beacon Street and Washington Street, serving as a gateway between Coolidge Corner and Cleveland Circle. Built in 1920, the building boasts 13,100 square feet of interior space and currently houses four long-standing, successful businesses, generating over $400,000 in annual gross income. The property includes 13 parking spaces, a significant asset in this desirable location. With its substantial size and prime location, this property offers significant development potential, allowing for the creation of upscale luxury finishes and maximizing its income-generating capacity. The building's current strong tenancy provides immediate cash flow while development plans are pursued. This is a rare opportunity to acquire a high-performing asset with substantial upside in a highly sought-after Brookline location.

Highlights

  • 0.28-acre lot (11,988 sq ft) in Brookline, MA.
  • Prime location at Beacon & Washington Streets, between Coolidge Corner & Cleveland Circle.
  • 13,100 sq ft building with four established businesses generating over $400,000 annual gross income.
  • 13 parking spaces.
  • Significant development potential for upscale luxury finishes and increased income.

Property Details for 1609-1621 Beacon St

Property type
Apartment buildings
Square Feet
13,100 SF
Year Built
1920
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Brookline
County
Norfolk
State
Massachusetts
Latitude
42.3328027
Longitude
-71.1389101
1609-1621 Beacon St, Brookline, Massachusetts

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1609-1621 Beacon St
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