Bay Village Portfolio For
For Sale
$22,000,000
1-5 Cortes St, Boston, MA 02116
Portfolio of four brownstone buildings with 58 furnished short-term rental units.
Property Size15,108 SF
Lot Size0.13 Acres
Days on Market266
Property Features for 1-5 Cortes St
General Information
Standard status
Active
Size
15,108 SF
Lot size
0.13 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9
Building Details
Building Size
15,108 SF
Year Built
1910
Stories
18
Units
58
Listing Agency:
Cushman & Wakefield
(617) 816-5257
Listed By:
Christopher Sower
(617) 816-5257
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 21 at 11:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield
Investment Insights
Based on property information with market context.
The portfolio includes four brownstone buildings at 1-5 Cortes Street and 143 Arlington Street, featuring 58 furnished short-term rental units. These properties are located in Boston's Bay Village/Back Bay area. Each building is a licensed lodging house, which enables short-term rental operations. The building interiors have been updated, and recent capital improvements include new roofs, re-pointed facades, and life safety systems. The properties are situated in a coveted neighborhood, surrounded by demand generators and amenities. They are convenient to public transportation, subways, and major highways (I-90, I-93), and centrally located to Boston's employment hubs in the Back Bay, Financial District, and Longwood Medical Area. The portfolio offers value-add potential through enhanced occupancy and operations, with stable existing cash flow.
Key Highlights
- Portfolio of four brownstone buildings with 58 furnished short‑term rental units.
- Licensed lodging houses enabling short‑term rental operation.
- Located in Boston's coveted Bay Village/Back Bay neighborhood.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
13,456
Businesses Nearby
Explore this area
Business Placement
Demographics for 02116, MA
23,408
Population
14,110
Households
1.7
Avg Household Size
36
Median Age
77%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
39,013
Density / Sq Mi
$127,309
Median Household Income
$85,296
Median Earnings
$2,341
Median Rent
$1,583,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Portfolio of four brownstone buildings with 58 furnished short-term rental units.
Where is this short term rental property located?
The property is located at 1-5 Cortes St Boston, MA.
What is the asking price?
The asking price for this property is $22,000,000.
What are key features of this property?
This property features: Portfolio of four brownstone buildings with **58 furnished short‑term rental units**.; Licensed lodging houses enabling short‑term rental operation.; Located in Boston's coveted Bay Village/Back Bay neighborhood.
