370-372 Centre StBoston, MA 02130

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.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1892

Stories

5

Living area

9,768 Sq Ft

Lot size

0.11 acres

Zoning

LC

Days on market

60

MLS^® Listing#

73574148

Property Features

Appliances

Range · Dishwasher · Disposal · Microwave · Refrigerator · Washer · Dryer · Gas Water Heater

Cooling

Central Air

Heating

Central · Forced Air

Flooring

Wood · Tile · Hardwood

Basement

Full

Parking

Paved · Shared Driveway · Off Street

Laundry

Electric Dryer Hookup · Washer Hookup

Lot features

Level

Construction

Brick

Foundation

Stone · Brick/Mortar

Roof

Rubber

Community

Park · Stable(s) · Golf

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$30,327Tax year 2027

Assessed value

$1,610,100

Parcel number

1900116002,1348155

Directions

Centre Street one block from Hyde Square.