Renovated Mixed-Use
For Sale
$5,000,000
370-372 Centre St, Boston, MA 02130
Two storefronts and four renovated apartments create a diversified commercial and residential configuration on Centre Street.
Property Size9,768 SF
Price / SF$511.88
Days on Market50
Property Features for 370-372 Centre St
General Information
Standard status
Active
Size
9,768 SF
Net Rentable
9,768 SF
Property subtype
Investment
Financials
Cap Rate
6.5%
Gross Income
$375,600
Site & Location
Neighborhood
Jamaica Plain
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 4BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$30,327
Building Details
Building Size
9,768 SF
Year Built
1892
Buildings
1
Stories
5
Units
6
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Eric W. Johnson · License #9519520
(203) 893-8316
Source:
Elliman
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 28 at 10:26AM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 1892, this mixed-use property contains 9,768 square feet of rentable area, with two commercial spaces at street level and four residential apartments. Each apartment includes four bedrooms and two bathrooms, and the residential units have undergone comprehensive interior renovations. All four are leased through September 1, 2027. The property is positioned at 370-372 Centre Street in Boston’s Hyde Square neighborhood, with nearby access to the Longwood Medical Area, universities, hospitals, Jamaica Pond, Whole Foods Market, the Arnold Arboretum, and Franklin Park. Centre Street provides restaurants, shops, and neighborhood services, while Route 39 bus service, Jackson Square’s Orange Line station, and nearby Green Line service connect the property with employment and education centers. The asset may be acquired independently or together with the separate property at 374 Centre Street.
Key Highlights
- 9,768 square feet of rentable area
- Two street‑level commercial spaces plus four residential apartments
- Four 4‑bedroom, 2‑bath apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,461
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,769,220
$4.8M
Cap Rate 7%
$3,406,586
$3.4M
Cap Rate 9%
$2,649,567
$2.6M
Market Conditions
NOI Build-Up for 9,768 SF
Gross rent
$410.3K $42.00/SF
− Vacancy
−$28.7K −$2.94/SF
EGI
$381.5K $39.06/SF
− OpEx
−$143.1K −$14.65/SF
NOI
$238.5K $24.41/SF
Area
Boston, MA
Vacancy
7.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,769,220
Cap Rate 7%
$3,406,586
Cap Rate 9%
$2,649,567
Alternative Uses
Best Use
Mixed Use
$3.41M
$2.98M – $3.97M
NOI $238,461 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$3.28M
$2.87M – $3.82M
NOI $229,470 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$7.31M
$6.40M – $8.53M
NOI $511,999 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,821
Businesses Nearby
Explore this area
Business Placement
Demographics for 02130, MA
38,284
Population
18,802
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
94%
High-School Grad
3.5 sq mi
ZIP Area
10,938
Density / Sq Mi
$130,533
Median Household Income
$73,238
Median Earnings
$2,434
Median Rent
$763,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two storefronts and four renovated apartments create a diversified commercial and residential configuration on Centre Street.
Where is this mixed-use property located?
The property is located at 370-372 Centre St Boston, MA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 9,768 square feet of rentable area; Two street‑level commercial spaces plus four residential apartments; Four 4‑bedroom, 2‑bath apartments
