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Adam Dow

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

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374-374 A Centre St , Boston, MA 02130
$5,200,000
Est. Payment: $11,555.56/mo
16 Bed
11 Bath
9153 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 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.

Highlights

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

Property Type

Multi-Family

Lot/Acreage
0.14

Year Built

1900

County

Suffolk

Area

Jamaica Plain

Listing ID

73574354

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:16
  • Bathrooms:11
  • Full Bathrooms:8
  • 1/2 Bathrooms:3
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
Water:Public

Exterior Features

Lot:Level,Steep Slope
Garage Capacity:0
Zoning:LC
Roof:Rubber
Sewer:Public Sewer
Parking Features:Paved Drive,Shared Driveway,Off Street
Principal Interest
$11,556
Taxes
$2,435

Home Price

$5,200,000

Loan Details

30 yrs
%

Down Payment

20%
$1,040,000
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Monthly Price:
$11,555.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $11,555.56 $2,435.50 $0.00 $13,991.05
Yearly $138,666.67 $29,225.96 $0.00 $167,892.63
Total $4,160,000.00 $876,778.80 $0.00 $5,036,778.80

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.