MA
Suffolk
Boston
02130
374-374A Centre St
374-374A Centre St, Boston, MA 02130
Share Listing
Listing Type
Multi Family
Listing Status
Active
40
$5,200,000

Home Details for 374-374A Centre St

Price
$5,200,000
Type
Residential Income
Bedrooms
16
Total Bathrooms
11
Full Bathrooms
8
Half Bathrooms
3
Square feet
9153
Year built
1900
Lot size acres
0.14
County
Suffolk
Total rooms
29
Basement
Full
Days on site
1
MLS Listing#
73574354
Property Description

A premier mixed-use investment opportunity at the corner of Centre Street and Sheridan Street in the heart of Jamaica Plain’s Hyde Square, 374 Centre Street offers 9,153 square feet of rentable area, strong income, and compelling long-term upside in one of Boston’s established rental markets. The fully renovated property consists of two street-level commercial spaces, one office, and four expansive 4-bedroom, 2-bath residential apartments. All residential units have been gut renovated and are fully leased through September 1, 2027, while all three commercial spaces are currently leased. Total gross monthly rental income is $33,000, supporting an attractive 6.6% cap rate and providing immediate cash flow with additional opportunity for future income growth. The prominent corner location offers excellent visibility and exposure for commercial tenants while placing residents in the heart of 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 destinations across Boston, including the Route 39 bus along Centre Street, the Orange Line at Jackson Square, and Green Line service near Heath St. 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. 374 Centre Street may be acquired independently or together with neighboring 370 Centre Street, a separately offered mixed-use property consisting of two commercial spaces and four fully renovated residential apartments. Combined, the properties comprise five commercial spaces and eight residential apartments, creating a rare opportunity to acquire significant scale in a single location along one of Jamaica Plain’s most prominent commercial corridors. With strong existing income, renovated residential units, a high-visibility corner location, future upside, and the flexibility to acquire individually or as a package, 374 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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