Property Description

PUT YOUR MONEY TO WORK AND TRANSFORM THIS DESIRABLE CORNER OF ALLSTON INTO 20 NEW UNITS! This is your chance to own 556 Cambridge Street, an existing office building and 32 Gordon Street, an existing 3 family, on contiguous lots, together w/approved plans to raze the office building and replace it with a 4 story, 14 unit residential building + separately approved plans to convert the 3 family to a 6 family via gut rehab, expansion into the basement + the addition of roof dormers. The 556 Cambridge Street property is being permitted as a condominium project w/11 market rate + 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 is designed to have (2) 1 beds, (3) 2 bed/2 baths + (1) 3 bed/2 bath unit, all market rate. The existing commercial building has short term tenants. The 3 family has tenants till 8/31/27. 2 separate deeds sold as a package w/approvals.

Property Features