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.
Details
| MLS # | 73574354 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 12 |
| Listing Provided By | Compass | Mission Realty Advisors |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 11 Total |
| SQ Feet | 9,153 |
| Basement | Y |
| Story(s) | 6 |
| Units | 7 |
| Zoning | LC |
| Acreage | 0.14 |
| Golf Course | Yes |
Interior
| Rooms Total | 29 |
|---|---|
| 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 |
| 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, Steep Slope |
| 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 | 29225.96 |
|---|---|
| Tax Assessed Value | 1578500 |
| 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: $5,200,000 low | high Med: $6,300 sqft: 9,153 low | high Med: 2,126 $ / sqft: $568 low | high Med: $3 On site: 12 low | high Med: 26 | |
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: $5,200,000 low | high Med: $6,300 sqft: 9,153 low | high Med: 2,126 $ / sqft: $568 low | high Med: $3 On site: 12 low | high Med: 26 | |
 | $5,000,000370-372 Centre StBoston, MA 02130 |
 | $3,35035 Forbes # 1Boston, MA 02130 |