MA
Suffolk
Boston
02130
370-372 Centre St
370-372 Centre St, Boston, MA 02130
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Listing Type
Multi Family
Listing Status
Active
40
$5,000,000

Home Details for 370-372 Centre St

Price
$5,000,000
Type
Residential Income
Bedrooms
16
Total Bathrooms
9
Full Bathrooms
8
Half Bathrooms
1
Square feet
9768
Year built
1892
Lot size acres
0.11
County
Suffolk
Total rooms
30
Basement
Full
MLS Listing#
73574148
Property Description

A premier mixed-use investment opportunity in the heart of Jamaica Plain’s Hyde Square, 370 Centre Street offers 9,768 square feet of rentable area, strong in-place income, and compelling long-term upside in one of Boston’s most established rental markets. The fully renovated property consists of two street-level commercial spaces and four expansive 4-bedroom, 2-bath residential apartments. All residential units have been gut renovated to modern standards and are fully leased through September 1, 2027. Total gross monthly rental income is $31,300, supporting an attractive 6.5% cap rate and providing immediate cash flow with additional opportunity for future income growth. The location is a key driver of long-term demand. Positioned directly on Centre Street in vibrant Hyde Square, the property offers convenient access to the Longwood Medical Area and the numerous universities, hospitals, and institutions throughout the surrounding area. Multiple public transportation options connect the property to employment and education centers across Boston, including the Route 39 bus along Centre Street, the Orange Line at Jackson Square, and Green Line service near Longwood. Jamaica Pond, Whole Foods Market, the Arnold Arboretum, and Franklin Park are all nearby, while Centre Street’s restaurants, shops, and neighborhood amenities create an exceptionally walkable setting for residents and businesses alike. 370 Centre Street may be acquired independently or together with neighboring 374 Centre Street, a separate seven-unit mixed-use property. Combined, the properties comprise five commercial spaces and eight fully renovated residential apartments, creating a rare opportunity to acquire meaningful scale in a single location along one of Jamaica Plain’s most prominent commercial corridors. With strong existing income, renovated residential units, future upside, exceptional connectivity, and the flexibility to acquire individually or as a package, 370 Centre Street offers a compelling combination of cash flow, scale, and long-term value. Pro forma and additional information available upon request.

Property Features
  • Parking
    • Paved
    • Shared Driveway
    • Off Street
  • Heating Information
    • Central
    • Forced Air
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: Compass - 617-752-6845
Presented by: Mission Realty Advisors
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT BAYSIDE REALTY
1827 Dorchester Avenue, Boston, MA 02124
Office
617 265 6111
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