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Stephanie Stuchlik

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

$ 5,200,000

Est. payment -/mo

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Open Fri 12PM-1PM

374-374A Centre St Boston, MA 02130

16 Beds

9.5 Baths

9,153 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 9,153 sqft

Price per Sqft $568

MLS Listing ID 73574354

Bedrooms 16

Full Baths 8

Half Baths 3

Year Built 1900

Annual Tax Amount $29,225

Tax Year 2027

Lot Size 6,098 Sqft

Acres 0.14

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

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.

Location

State MA

County Suffolk

Area Jamaica Plain

Zoning LC

Direction Google Maps

Rooms

Basement Full

Interior

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

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, Steep Slope

Story 6

Foundation Stone, Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Compass

Stephanie Stuchlik

Agent

+1(508) 380-5795

Stephanie Stuchlik

374-374A Centre St Boston, MA 02130

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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374-374A Centre St