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Investment Highlights

  • Allston (Boston) Development Opportunity
  • 14 units of new construction on one parcel and 6 units of rehab on the other
  • 2 contiguous parcels approved for 20 total units

Executive Summary

Put your money to work and build this fully approved two parcel, 20 unit project in a convenient Allston location. The package comprises 556 Cambridge Street, an existing 2 story office building together w/plans to replace it with a four story, 14 unit residential building. The second part of the package is an abutting 3 family at 32 Gordon Street, together w/plans to convert it to a 6 family via a gut rehab + the addition of roof dormers. The 556 Cambridge Street property is being permitted as a condominium project w/11 market rate and 3 affordable units and a mix that includes (1) 2 bed/2 bath, (7) 1 beds + (6) studios. The 32 Gordon Street property can be developed for sale or rent and once complete will comprise (2) 1 beds, (3) 2 bed/2 bath + (1) 3 bed/2 bath units, all market rate. This is your opportunity to transform this little corner of Boston into something outstanding! Can be delivered permit ready to issue.

Property Facts

Price $5,190,263 CAD
Price / SF $984.68 CAD / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 5,271 SF
Total Land Area 0.09 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
556 Cambridge St, Allston, MA 02134 Office 5,271 SF 1920 -
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  • Listing ID: 40093907

  • Date on Market: 2026-04-09

  • Last Updated:

  • Address: 556 Cambridge/32 Gordon Portfolio, Allston, MA

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