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    245 Newbury St Boston, MA 02116

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    For Sale
    $9,265,600

    Mixed-use property with short-term rentals and commercial spaces.

    Lot size:
    0.06 Acres

    Property Features for 245 Newbury St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1899

    Source: Boston Realty Advisors Agent Nicholas Herz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Asset in Back Bay

    This mixed-use asset is located in the Back Bay area of Boston. The building features 12 fully furnished, short-term rental units, one 1-bedroom apartment, and two ground-floor commercial spaces. The property is near retail and dining options, Copley Square, the Boston Public Garden, and the MBTA Green Line. This property offers income and appreciation potential.
    Insight Report Location Intelligence

    Current Use by Public Records

    Barbershop Lounge Barber Shop Maverick Suites Guest House Center Cut Marketing Marketing Agency

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.08263
    Latitude
    42.3498

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    FAQs

    What type of property is this?
    Short term rental property - Mixed-use property with short-term rentals and commercial spaces.
    Where is this short term rental property located?
    The property is located at 245 Newbury St Boston, MA.
    What is the asking price?
    The asking price for this property is $9,265,600.
    What are key features of this property?
    This property features: - Prime Back Bay location near world-class retail and dining; - Mixed-use property with 12 fully furnished, short-term rental units; - Stable income and appreciation potential
    (617) 416-1466
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    245 Newbury St Boston, MA 02116
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    Boston, MA 02116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    245 Newbury St Boston, MA 02116
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