Mixed-Use Corner
New
For Sale
$5,200,000
374-374a Centre St, Boston, MA 02130
Four renovated apartments and three leased commercial and office spaces occupy this corner property.
Property Size9,153 SF
Price / SF$568.12
Days on Market4
Property Features for 374-374a Centre St
General Information
Standard status
Active
Size
9,153 SF
Net Rentable
9,153 SF
Property subtype
Residential Income
Zoning
LC
Occupancy
100%
Financials
Cap Rate
6.6%
Gross Income
$396,000
Site & Location
Neighborhood
Jamaica Plain
Corner Location
Yes
Road Access
Yes
Public Transit
Yes
Mixed-Use Components
retail, office, residential
Units
Unit Mix
4 x 4BR/2BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$29,225
Amenities
Full
Wood,Tile,Hardwood
3
Yes
11
No
6
16
Electric Dryer Hookup,Washer Hookup
Public Record
Bathroom with Shower Stall,Living Room,Dining Room,Kitchen
9153
Fenced/Enclosed
Level,Steep Slope
Public
0.14
Paved Drive,Shared Driveway,Off Street
Stone,Brick/Mortar
Building Details
Building Size
9,153 SF
Year Built
1900
Stories
6
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Mission Realty Advisors
(203) 893-8316
Source:
Jrpierre
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:27PM
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.
At the Centre Street and Sheridan Street corner, this 9,153-square-foot mixed-use property brings together two street-level commercial spaces, an office, and four residential apartments. Each apartment has four bedrooms and two bathrooms; the residential units have been fully renovated and are leased through September 1, 2027. The three commercial spaces are also leased. The property was built in 1900 and is zoned LC.
Public transportation options include the Route 39 bus on Centre Street, the Orange Line at Jackson Square, and Green Line service near Heath Street. The property is also described as having access to the Longwood Medical Area and nearby universities, hospitals, and institutions. Jamaica Pond, Whole Foods Market, the Arnold Arboretum, Franklin Park, and Centre Street shops and restaurants are among the nearby destinations.
Public transportation options include the Route 39 bus on Centre Street, the Orange Line at Jackson Square, and Green Line service near Heath Street. The property is also described as having access to the Longwood Medical Area and nearby universities, hospitals, and institutions. Jamaica Pond, Whole Foods Market, the Arnold Arboretum, Franklin Park, and Centre Street shops and restaurants are among the nearby destinations.
Key Highlights
- 9,153 square feet of mixed‑use space
- Two street‑level commercial spaces and one office
- Four 4‑bedroom, 2‑bath apartments, renovated and leased through September 1, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$223,448
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,468,960
$4.5M
Cap Rate 7%
$3,192,114
$3.2M
Cap Rate 9%
$2,482,756
$2.5M
Market Conditions
NOI Build-Up for 9,153 SF
Gross rent
$384.4K $42.00/SF
− Vacancy
−$26.9K −$2.94/SF
EGI
$357.5K $39.06/SF
− OpEx
−$134.1K −$14.65/SF
NOI
$223.4K $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%
$4,468,960
Cap Rate 7%
$3,192,114
Cap Rate 9%
$2,482,756
Alternative Uses
Best Use
Mixed Use
$3.19M
$2.79M – $3.72M
NOI $223,448 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$3.07M
$2.69M – $3.58M
NOI $215,023 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$6.85M
$6.00M – $8.00M
NOI $479,764 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four renovated apartments and three leased commercial and office spaces occupy this corner property.
Where is this mixed-use property located?
The property is located at 374-374a Centre St Boston, MA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 9,153 square feet of mixed‑use space; Two street‑level commercial spaces and one office; Four 4‑bedroom, 2‑bath apartments, renovated and leased through September 1, 2027
