Description
Rare opportunity to acquire a fully utilized, turn-key mixed-use investment property in the heart of Downtown Boston. Notably restored and combined in 2016, 45 Broad Street and 119 Water Street comprise a boutique 11-unit asset featuring nine highly desirable one-bedroom apartments and two prime street-level restaurant spaces. Originally home to large-scale printing operations, the buildings retain distinctive architectural character with high ceilings, oversized windows, exposed structural elements and substantial timber joists throughout. Current ownership completed a comprehensive redevelopment of the properties, creating a stabilized, generational-quality asset with no immediate capital improvements anticipated. All residential units feature central air conditioning, in-unit laundry and high-end finishes, while the two commercial spaces provide additional income and diversification to the rent roll. Ideally positioned just blocks from Boston Harbor, the Rose Kennedy Greenway and Financial District, the property benefits from an exceptional Downtown location, strong residential demand, limited competing inventory and significant barriers to entry for comparable new development. An exceptional opportunity for an investor seeking a stabilized, low-maintenance Boston asset combining durable income, irreplaceable historic character and long-term appreciation potential.
Details
| MLS # | 73575427 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2016 |
| Days On Site | 10 |
| Listing Provided By | Olde Forge Realty | Eliott Levine |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 12 Total |
| SQ Feet | 13,139 |
| Basement | Y |
| Story(s) | 4 |
| Units | 11 |
| Zoning | RC |
| Acreage | 0.04 |
| Property View | Yes |
Interior
| Rooms Total | 20 |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air, Individual, Unit Control |
| Heating Yes / No | Yes |
| Heating | Forced Air, Unit Control, Hydro Air |
| Interior Features | Ceiling Fan(s), Cathedral/Vaulted Ceilings, Stone/Granite/Solid Counters, Bathroom with Shower Stall, Open Floorplan, Remodeled, Internet Available - Broadband, Walk-Up Attic, Heated Attic, Kitchen, Laundry Room, Living RM/Dining RM Combo |
| Window Features | Insulated Windows |
| Appliances | Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Plumbed For Ice Maker |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Varies per Unit |
|---|---|
| Roof | Rubber |
| Construction Materials | Frame |
| Foundation Details | Concrete Perimeter |
| Lot Features | Corner Lot, Level |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | for Gas Range, for Electric Dryer, Icemaker Connection |
|---|---|
| Sewer | Public Sewer |
| Electric | Individually Metered |
Taxes
| Tax Annual Amount | 74229.32 |
|---|---|
| Tax Assessed Value | 4133800 |
| Tax Year | 2027 |
Location
| Community Features | Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, T-Station, University |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Suffolk |
| City | Boston |
| Zip Code | 02109 |
| Area | Midtown |
| Listing VS Median (in 02109) | |
Price: $8,000,000 low | high Med: $599,500 sqft: 13,139 low | high Med: 639 $ / sqft: $609 low | high Med: $949 On site: 10 low | high Med: 7.5 | |
Market Activity 02109
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Learn More About This Property
| State | MA |
|---|---|
| County | Suffolk |
| City | Boston |
| Zip Code | 02109 |
| Area | Midtown |
| Listing VS Median (in 02109) | |
Price: $8,000,000 low | high Med: $599,500 sqft: 13,139 low | high Med: 639 $ / sqft: $609 low | high Med: $949 On site: 10 low | high Med: 7.5 | |
