12 Cedar St 4 Unit Apartment Building $1,590,898 CAD ($397,725 CAD/Unit) 5.92% Cap Rate Hopkinton, MA 01748

12 Cedar Street offers a rare BD-zoned redevelopment opportunity in the heart of downtown Hopkinton. Situated on a 19,166 SF parcel with an existing 4-unit residential building (built 1870), the site provides stable income with substantial upside through redevelopment into a mixed-use or higher-density residential project.
Located just steps from Main Street and surrounded by breweries, restaurants, and amenities, this property benefits from recent town infrastructure upgrades and a pro-growth stance toward infill and mixed-use projects.
The site compares favorably to the Main Street Crossing project, a nearby 1.35-acre redevelopment into a 60-unit, 3-story mixed-use building — demonstrating strong town support for density and walkable development.

Highlights
• Lot Size: 0.44 acre / 19,166 SF
• Building Size: 2,857 SF (4-unit residential)
• Zoning: BD (Downtown Business – allows residential, commercial, and mixed-use by right)
• Current Income: $5,670/month ? $68,040/year
• Market Rent Potential: $7,000/month ? $84,000/year
• Rental Upside: +$15,960 annually (23.5% gain)
• Income-Based Value: Up to $900K
• Redevelopment Estimate: $1.3M – $1.5M (based on density/unit values)
• Potential Use: ±10–11 residential units + ground-floor retail

Investment Highlights
• Rare downtown Hopkinton infill parcel with strong comparables
• Strategic by-right zoning allows flexible development paths
• Current income covers holding costs while entitling/redeveloping
• Walking distance to Main Street amenities
• Easy highway access to I-495 and Route 135
Asking Price
$1,150,000
Contact Information
Ryan Taylor
ryantaylor4444@gmail.com
(508) 802-7322