1646 Centre Street Boston, MA 02132
Iconic Federal-style colonial near public transport and downtown Boston.
- Added:
- Mar 29, 2025
- Days on Market:
- 473
- Last Refresh:
- Apr 5 at 9:02 pm
Property Features for 1646 Centre Street
General Information
- Standard status
- Active
- Size
- 1,913 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1939
Listing office Gilmore Murphy Realty LLC (617) 323-7330
Listing date Mar 29, 2025
Source Corcoran
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 Gilmore Murphy Realty LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location: Conveniently situated on the bus line, a 3‑minute walk to the commuter rail, and a short drive to Faulkner Hospital and downtown Boston.
- Flexible Usage: Adaptable for residential or professional use with City approval.
- Ample Parking: On‑property parking for 6+ vehicles with expansion potential.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.4k | $50.40 |
| − Vacancy | −$21.2k | −$11.09 |
| EGI | $75.2k | $39.31 |
| − OpEx | −$18.8k | −$9.83 |
| NOI | $56.4k | $29.48 |