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

  • Sale Price: $19,050,000
  • 892 Days Since Sale
$/month over payments
Federal 30-year interest rate: 4.35% last updated on Feb 21, 2019
* 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 area's 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 Boston's fastest transforming neighborhoods.

Listed by Christopher Sower of Colliers International

Listing Sold by Colliers International

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More Info


  • Garage Spaces
  • Parking Spaces79


  • Year Built2008
  • Bathroom78
  • Full Baths78
  • Bedrms 12
  • Bedrms 21
  • Bedrooms76
  • Total Brs76
  • Rms 14
  • Total Fbh78
  • Rms 23
  • Total Flrs3
  • Total Levels2
  • No Units62
  • No Rooms7
  • Total Rms99
  • Total Rooms7
  • Levels4
  • Levels 11
  • Levels 21
  • BasementNo
  • FoundationPoured Concrete
  • DirectionSchoolhouse at Lower Mills is located at 40 River Street in Dorchester's Lower Mills neighborhood.
  • Lead PaintNone

Basic Information

  • StatusSLD
  • Property Type5+ Family - 5+ Units Up/Down
  • Date Listed03/14/2016
  • List Price$20,000,000
  • Sale Price$19,050,000
  • Price Per Sq Ft$373
  • Status Date2016-09-15T08:36:00
  • Ant Sold Date2016-09-14T00:00:00
  • MLS Number71972437


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


  • WaterCity/Town Water
  • SewerCity/Town Sewer

Water Body

  • WaterfrontNo
  • BeachfrontNo


  • Year Built DescrpActual
  • Apod AvailableNo
  • Noi51240
  • View Count37


  • Street Num40
  • Building Number40
  • StreetRiver Street
  • TownBoston
  • StateMA
  • Zip02126
  • Zip Code 42929
  • NeighborhoodDorchester's Lower Mills
  • CountySuffolk


  • Acreage1.24
  • Lot Size54084
  • Square Feet53646
  • Lease 1Y
  • Lease 2Y
  • Lot DescriptionOther (See Remarks)
  • Rent22000
  • Rent12270
  • Total Rent99
  • Assessments11660000
  • Main SoAC2397
  • Main LoAC2397


  • Number of Photos14
  • Photo Date2016-03-15T14:04:00
  • Prop TypeMF
Boston Luxury Properties
Office: 617-670-1111
1405B Beacon Street
Brookline, MA 02446

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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