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.
Details
| MLS # | 73574148 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1892 |
| Days On Site | 19 |
| Listing Provided By | Compass | Mission Realty Advisors |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 9 Total |
| SQ Feet | 9,768 |
| Basement | Y |
| Story(s) | 5 |
| Units | 6 |
| Zoning | LC |
| Acreage | 0.11 |
| Golf Course | Yes |
Interior
| Rooms Total | 30 |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air |
| Heating Yes / No | Yes |
| Heating | Central, Forced Air |
| Interior Features | Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Laundry Room |
| Appliances | Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Wood, Tile, Hardwood |
Exterior
| Roof | Rubber |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Stone, Brick/Mortar |
| Lot Features | Level |
| Fencing | Fenced/Enclosed |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive, Shared Driveway, Off Street |
| Open Parking Yes / No | Yes |
Utilities
| Utilities | for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 30327.34 |
|---|---|
| Tax Assessed Value | 1610100 |
| Tax Year | 2027 |
Location
| 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 |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Suffolk |
| City | Boston |
| Zip Code | 02130 |
| Area | Jamaica Plain |
| Listing VS Median (in 02130) | |
Price: $5,000,000 low | high Med: $398,228 sqft: 9,768 low | high Med: 917 $ / sqft: $512 low | high Med: $441 On site: 19 low | high Med: 51 | |
Market Activity 02130
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Learn More About This Property
| State | MA |
|---|---|
| County | Suffolk |
| City | Boston |
| Zip Code | 02130 |
| Area | Jamaica Plain |
| Listing VS Median (in 02130) | |
Price: $5,000,000 low | high Med: $398,228 sqft: 9,768 low | high Med: 917 $ / sqft: $512 low | high Med: $441 On site: 19 low | high Med: 51 | |
 | $5,200,000374-374a Centre StBoston, MA 02130 |
 | $3,35035 Forbes # 1Boston, MA 02130 |