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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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370-372 Centre St , Boston, MA 02130
$5,000,000
Est. Payment: $11,111.11/mo
16 Bed
9 Bath
9768 Sqft
Status: Active | Days on site: 8
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AN3337 - TM334200
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House 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.

Highlights

Listed by Mission Realty Advisors , 617-942-1609 Compass , 617-752-6845.

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1892

County

Suffolk

Area

Jamaica Plain

Listing ID

73574148

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:16
  • Bathrooms:9
  • Full Bathrooms:8
  • 1/2 Bathrooms:1
Appliances:Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Air Cond:Central Air
Fireplaces:
Floor:Wood,Tile,Hardwood
Other:
  • Additional:Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Laundry Room
Water:Public

Exterior Features

Lot:Level
Garage Capacity:0
Zoning:LC
Roof:Rubber
Sewer:Public Sewer
Parking Features:Paved Drive,Shared Driveway,Off Street
Principal Interest
$11,111
Taxes
$2,527

Home Price

$5,000,000

Loan Details

30 yrs
%

Down Payment

20%
$1,000,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$11,111.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $11,111.11 $2,527.28 $0.00 $13,638.39
Yearly $133,333.33 $30,327.34 $0.00 $163,660.67
Total $4,000,000.00 $909,820.20 $0.00 $4,909,820.20

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Boston, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.