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Stephanie Stuchlik

stephaniestuchlik@kw.com +1(508) 380-5795

$ 5,000,000

Est. payment -/mo

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Open Fri 12PM-1PM

370-372 Centre St Boston, MA 02130

16 Beds

8.5 Baths

9,768 SqFt

Open House

Fri Sep 11, 12:00pm - 1:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Side by Side

Listing Status Active

Purchase Type For Sale

Square Footage 9,768 sqft

Price per Sqft $511

MLS Listing ID 73574148

Bedrooms 16

Full Baths 8

Half Baths 1

Year Built 1892

Annual Tax Amount $30,327

Tax Year 2027

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type 5+ Family - 5+ Units Side by Side

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.

Location

State MA

County Suffolk

Area Jamaica Plain

Zoning LC

Direction Centre Street one block from Hyde Square.

Rooms

Basement Full

Interior

Interior Features Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Laundry Room

Heating Central, Forced Air

Cooling Central Air

Flooring Wood, Tile, Hardwood

Appliance Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Fence Fenced/Enclosed

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Private School, Public School, T-Station, University

Utilities Available for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup

Roof Type Rubber

Garage No

Building

Lot Description Level

Story 5

Foundation Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

Virtual Tour https://my.matterport.com/show/?m=5HhabEdBFNS

Listed by Compass

Stephanie Stuchlik

Agent

+1(508) 380-5795

Stephanie Stuchlik

370-372 Centre St Boston, MA 02130

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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370-372 Centre St