40 River St, Dorchester's Lower MillsBoston, MA 02126MLS Number 71972437

  • Sale Price: $19,050,000
  • 616 Days Since Sale
$/month over payments
Federal 30-year interest rate: 3.94% last updated on Dec 21, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 76Bedrooms
  • 1.24Acreage
  • 78Bathroom
  • 2008Year Built

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40 River Street, otherwise known as Schoolhouse at Lower Mills, is a 62-unit apartment community in the Dorchester-Lower Mills neighborhood of Boston. The property consists of 2008 condominium-quality construction, including a renovated 2-story schoolhouse originally built in 1850. The unit mix consists of 1- and 2-bedroom units with ease of access to the areas major employers and academic institutions. Schoolhouse at Lower Mills features high-end finishes including granite counter tops, stainless steel appliances, walk-in closets in select units, in-unit washer/dryers, and 9'-12' foot ceilings. The property is steps away from Star Market and various MBTA Red Line Stations & Bus stops. Schoolhouse at Lower Mills provides investors with the opportunity to own a stabilized turn-key asset in one of Bostons fastest transforming neighborhoods.

Listed by Christopher Sower of Colliers International

Listing Sold by Colliers International

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Basic Information

  • MLS Number71972437
  • StatusSLD
  • Date Listed03/14/2016
  • List Price$20,000,000
  • Sale Price$19,050,000
  • Lot DescriptionOther (See Remarks)
  • Status Date2016-09-15T08:36:00
  • Year Built DescrpActual
  • Ant Sold Date2016-09-14T00:00:00
  • Price Per Sq Ft$373


  • F Bths 21
  • F Bths 11
  • Flrs 12
  • Flrs 21


  • SewerCity/Town Sewer
  • WaterCity/Town Water

Water Body

  • WaterfrontNo
  • BeachfrontNo


  • Number of Photos14
  • Photo Date2016-03-15T14:04:00
  • Prop TypeMF


  • StreetRiver St
  • Street No40
  • TownBoston
  • Building Number40
  • StateMA
  • Zip02126
  • NeighborhoodDorchester's Lower Mills
  • CountySuffolk
  • Zip Code 42929


  • Acreage1.24
  • Square Feet53646
  • Lot Size54084
  • Lease 1Y
  • Lease 2Y
  • Year Built2008
  • Rent22000
  • Rent12270
  • Garage Spaces
  • Parking Spaces79
  • Assessments11660000
  • Total Rent99
  • Main SoAC2397
  • Main LoAC2397


  • Apod AvailableNo
  • Noi51240
  • Property Type5+ Family - 5+ Units Up/Down
  • View Count35


  • Bathroom78
  • Full Baths78
  • Bedrooms76
  • Total Brs76
  • Total Fbh78
  • Total Flrs3
  • Lead PaintNone
  • Levels 21
  • Levels 11
  • Levels4
  • Rms 14
  • Rms 23
  • No Units62
  • No Rooms7
  • BasementNo
  • Bedrms 21
  • Bedrms 12
  • Total Rooms7
  • Total Levels2
  • Total Rms99
  • FoundationPoured Concrete
  • DirectionSchoolhouse at Lower Mills is located at 40 River Street in Dorchester's Lower Mills neighborhood.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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