Prime Development Opportunity – Fully Entitled 46-Unit Site. Presenting a rare multifamily development opportunity in the highly desirable town of Stoneham, MA. This fully entitled site is approved for 46 residential units, offering a streamlined path to construction in one of Greater Boston’s most dynamic submarkets. Strategically located with convenient access to I-93 and I-95, the site is just minutes from downtown Stoneham, local amenities, and a short commute to Boston. The property sits in a strong rental and for-sale market supported by excellent school systems, vibrant community life, and proximity to regional employers. With all approvals in place, this development is ideally positioned for investors or developers seeking to capitalize on strong demand in the area. Whether you're building for sale or long-term rental income, this is an opportunity to deliver a high-quality residential project in a high-barrier-to-entry market.
Stoneham is located in Massachusetts. Stoneham, Massachusetts has a population of 23,077. Stoneham is less family-centric than the surrounding county with 33.08% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Stoneham, Massachusetts is $105,541. The median household income for the surrounding county is $111,790 compared to the national median of $69,021. The median age of people living in Stoneham is 42.8 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 16.9 degrees. The average rainfall is approximately 49.6 inches per year, with 51.3 inches of snow per year.
