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    1-5 Cortes St Boston, MA 02116

    For Sale
    $22,000,000

    Portfolio of four brownstone buildings with 58 furnished short-term rental units.

    Lot size:
    0.13 Acres

    Property Features for 1-5 Cortes St

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1910

    Source: Cushman & Wakefield Agent Christopher Sower

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

    Overview

    Bay Village Portfolio For Sale

    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.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Realty agency Law Firm 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
    -71.06973
    Latitude
    42.34839

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    FAQs

    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.
    (617) 816-5257
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    1-5 Cortes St 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
    1-5 Cortes St Boston, MA 02116
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