123 Terrace St, Boston MA 02120
Boston, MA 02120 • Mission Hill
$3,499,000
Est. $21,837/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
Be part of the Terrace St transformation. Approx. 1/4 mile to the Orange Line MBTA stop, almost 500 residential units are in the pipeline on or around the Terrace St corridor. 123 Terrace St is a 31,390 sqft lot with an existing 8500 sqft building and 10 car parking area as well as a 20x40 loading area. With Local Industrial zoning, the possibilities for commercial development are countless; light manufacturing and assembly, r&d offices/labs, wholesale, warehousing, trade shops/school, education, ATM, billiards, studios/galleries, restaurant, retail, kennel, and artist mixed use to name a few, are all Allowable. With a 2.0 FAR and the only restrictions being a 40 ft height and 20 ft setback (see article 59). Building is currently vacant, but existing business Diablo Glass School could be a well known anchor tenant and would like to remain/reopen. There is also strong interest from other potential tenants depending on buyers vision for the site. Ask broker for additional details. For a more experienced developer, the same density of other approved projects on Terrace st would be 130-140 residential units with ZBA variance.
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Property History
Property Timeline
Listed for Sale
Sep 23, 2026
$3,499,000
Original listing
Agent: Matthew O Hara
Office: Blair Capital, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/23/2026 | 🏠 Listed for Sale | $3,499,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $47,328 | — |
Financial Details
Annual Property Tax
$47,328
Tax Year 2026
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1965
Lot Size
0.72 acres
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Tar/gravel
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer, Natural Gas Available
Financial
Annual Tax
$47,328
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Broker Has Ownership Interest. Buyer To Confirm Any Intended Allowable Use ; Seller Makes No Warranties Or Representations
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Suffolk
Property Overview
Listing Type
For Sale
Year Built
1965
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1965
Structure Type:
Exterior Materials:
Roof:
Tar/Gravel
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Boston School District local
C-
Where Graduates Go
Class of 2021
52%
attend college
38%
4-Year
14%
2-Year
7%
Out of State
7%
Working
School Safety
2024-25
3.7%
Above Average
3.2%
Suspensions
0.3%
In-School
0.5%
Emergency
1.8% below state avg
Elementary Schools
10 schools
F
Tobin K-8 School
0.4 mi
|
#344 of 352
|
Score: 24.6
Dropped 8 spots from last year
-33.6 below state avg
355 students
Diverse
Grades PK-08
Our Lady of Perpetual Help Mission Grammar School
0.4 mi
Grades K-08
C
Hale Elementary School
0.4 mi
|
#590 of 825
|
Score: 41.3
Dropped 289 spots from last year
-16.9 below state avg
167 students
Diverse
Diverse Student Body
Grades PK-06
F
Hennigan Elementary School
0.5 mi
|
#814 of 825
|
Score: 25.1
Dropped 1 spots from last year
-33.1 below state avg
361 students
Moderate
Grades PK-06
Parkside Christian Academy/Cross Factor Academy
0.5 mi
Grades PK-12
C
John F Kennedy School
0.6 mi
|
#637 of 825
|
Score: 38.9
Dropped 62 spots from last year
-19.3 below state avg
366 students
Diverse
Diverse Student Body
Grades PK-06
Manville School
0.6 mi
Grades K-12
C-
Mendell Elementary School
0.8 mi
|
#680 of 825
|
Score: 36.8
Dropped 153 spots from last year
-21.4 below state avg
312 students
Very Diverse
Diverse Student Body
Grades PK-06
F
Ellis Elementary School
0.8 mi
|
#818 of 825
|
Score: 24.8
Dropped 58 spots from last year
-33.4 below state avg
418 students
Moderate
Grades PK-06
D
Perkins Elementary School
0.9 mi
|
#766 of 825
|
Score: 31.2
Improved 35 spots from last year
-27 below state avg
201 students
Diverse
Rising School
Diverse Student Body
Grades PK-06
Middle Schools
10 schools
Nativity Prep School
0.5 mi
Grades 05-08
F
Higginson/Lewis K-8 School
0.8 mi
|
#349 of 352
|
Score: 23.2
Improved 3 spots from last year
-35 below state avg
246 students
Diverse
Grades 03-08
Mother Caroline Academy
1.6 mi
Grades 05-08
Dearborn Middle School
1.7 mi
A
Uncommon Schools - Roxbury Preparatory Dorchester Campus Middle School
1.7 mi
|
#4 of 16
|
Score: 42.5
Improved 187 spots from last year
-15.7 below state avg
1,225 students
Diverse
Rising School
College Ready Curriculum
Grades 05-08
Middle School Academy
2.5 mi
Epiphany School
2.9 mi
Grades 05-08
C
Ohrenberger School
5.3 mi
|
#266 of 352
|
Score: 35.0
Improved 19 spots from last year
-23.2 below state avg
458 students
Diverse
Diverse Student Body
Grades 03-08
Timilty Middle
0.4 mi
Frederick Pilot Middle
1.8 mi
High Schools
10 schools
A-
O'Bryant School of Math & Science
0.5 mi
|
#90 of 346
|
Score: 61.6
Improved 94 spots from last year
+3.4 above state avg
1,518 students
Very Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Diverse Student Body
Grades 07-12
A+
Boston Latin School
0.7 mi
|
#20 of 346
|
Score: 73.7
Improved 60 spots from last year
+15.5 above state avg
2,382 students
Very Diverse
18 sports
• 2,006 athletes
Strong AP Program
High Graduation Rate
Rising School
Strong Athletics
Grades 07-12
B
Dearborn STEM Academy
0.9 mi
|
#13 of 25
|
Score: 33.4
Improved 356 spots from last year
-24.8 below state avg
565 students
Moderate
10 sports
• 242 athletes
Early College Program
Rising School
Grades 07-12
Meridian Academy
1.1 mi
Grades 06-09
A+
Boston Latin Academy
1.1 mi
|
#2 of 25
|
Score: 64.9
Improved 214 spots from last year
+6.7 above state avg
1,669 students
Very Diverse
17 sports
• 1,298 athletes
Strong AP Program
High Graduation Rate
Rising School
Strong Athletics
Grades 07-12
D
English High School
1.6 mi
|
#328 of 346
|
Score: 28.9
Improved 30 spots from last year
-29.3 below state avg
653 students
Diverse
8 sports
• 332 athletes
Rising School
Career Tech Programs
Grades 07-12
B-
Margarita Muniz Academy
1.7 mi
|
#14 of 25
|
Score: 31.6
Improved 349 spots from last year
-26.7 below state avg
480 students
Less Diverse
Rising School
Grades 07-12
Cathedral High School
1.7 mi
9 sports
• 430 athletes
Grades 07-12
Newman School
1.9 mi
Grades 07-12
C
Quincy Upper School
2.2 mi
|
#279 of 346
|
Score: 44.4
Dropped 7 spots from last year
-13.8 below state avg
575 students
Very Diverse
12 sports
• 208 athletes
Diverse Student Body
Grades 06-12
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$3,944
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
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Current Rate
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+0.5% Rate
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Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
Mission Hill
123 Terrace St, Boston MA 02120
Boston, MA 02120
Listing Information
Listing Agent
Matthew O Hara
Listing Office
Blair Capital, LLC
Office Phone
617-202-0000
Agent MLS ID
BB805797
Office MLS ID
AN2962
Listing Data Updated
Sep 23, 2026 6:08 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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