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Active

579 American Legion Highway, Boston MA 02131

$3,100,000

Estimated $5,448.05/month Calculator

Multi Family

Total Units: 9

Price Per Unit: $344,444.44

Total Rent: 52368/year

Estimated CAP Rate: 1.53%

8 Bedrooms

8 Full Baths

7,312 SqFt

Total Parking: 2

3,791 SqFt

Multi-family to be built in 2026 by seller for advertised price including land and all hard costs of construction. All income and expense information is estimated for marketing purposes only. Purchaser to do their own due diligence.This approved parcel comes with fully designed and approved plans for a 9-unit development, featuring 8 sleek studio apartments above a prime commercial space. With a permit delivered at closing, the project will be shovel-ready and set for construction to begin in 2026. Don’t miss this rare opportunity to bring a high-demand development to market! Proposal in hand from local contractor who is prepared to build the project should buyers be interested.

This home has been viewed 23 times

Last Checked: November 19th, 2025 at 7:58am (Source: MLS PIN #73450008)

Gross Income: $52,368

Gross Expenses: $5,056

Net Income Calc: $47,312

CAP Rate: 1.53%

Annual Expenses for 579 American Legion Highway, Boston MA 02131

Total Gross Expenses (Calculated)$5,056/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,056.92

Annual Income & Unit Breakdown for 579 American Legion Highway, Boston MA 02131

Total Gross Income (Calculated)$52,368

Unit 1

Rental Income$2,200

LeaseY

Bedrooms0

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,164

LeaseY

Bedrooms0

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms0

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms0

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 579 American Legion Highway, Boston MA 02131

Listing ID73450008

Property TypeMulti Family / 5+ Family

Price$3,100,000 ($423.96/SqFt)

Style5-9 Family

CityBoston

CountySuffolk

MLS AreaJamaica Plain's Forest Hills

Neighborhood(s)

Approximate Living Area Total7,312 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking2

Garage Parking

Year Built2026

Year Built SourceBuilder

Year Renovated

Year Built DetailsApproximate,To Be Built

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel, Cleared

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningCC-1

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesStream

Energy Features

Terms

Disclosures for 579 American Legion Highway, Boston MA 02131

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureProposed Floor Plan.

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated

Total Gross Expenses By Broker$55,548

Total Gross Income By Broker$277,741

Total Net Income By Broker$222,193

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 579 American Legion Highway, Boston MA 02131

Real Estate Taxes$5,056.92

Tax Year2024

Assessed Value$497,300

Financial Data SourceEstimated

Total Gross Expenses By Broker$55,548

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$277,741

BostonRealEstate.com Gross Income

Total Net Income By Broker$222,193

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.53%

Location Information for 579 American Legion Highway, Boston MA 02131

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaJamaica Plain's Forest Hills

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Stable(s), Marina, Private School, University

Contact Information for 579 American Legion Highway, Boston MA 02131

Agent

Name: Adam Burns

Office

Name: Burns Realty & Investments LLC

Phone: 857-496-7187

Payment Calculator

, Interest

Property Taxes 421.41

Principal & Interest 19101.21

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Burns Realty & Investments LLC

Adam Burns

Agent Phone

Office Phone

(857) 496-7187

Text Agent Call Agent Call Office

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[perc_test] => Array
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EXIT

Active

579 American Legion Highway, Boston MA 02131

$3,100,000

Annual Expenses for 579 American Legion Highway, Boston MA 02131

Annual Income & Unit Breakdown for 579 American Legion Highway, Boston MA 02131

General Information for 579 American Legion Highway, Boston MA 02131

Disclosures for 579 American Legion Highway, Boston MA 02131

Financial Information for 579 American Legion Highway, Boston MA 02131

Location Information for 579 American Legion Highway, Boston MA 02131

Contact Information for 579 American Legion Highway, Boston MA 02131

Agent

Office

Payment Calculator

Exclusive Listing Agent

Burns Realty & Investments LLC

Adam Burns