Four-Unit Mixed-Use
717 Centre Street, Boston, MA 02130
For Sale
New
$3,000,000
The vacant property combines four residential units with ground-level space currently used as a tavern and restaurant.
Property Size5,412 SF
Price / SF$554.32
Days on Market7
Property Features for 717 Centre Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Liquor License
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
large living rooms
hardwood floors
custom kitchens with white cabinets
quartz counters
GE stainless appliances
in unit laundry
self contained heating/cooling/hot water
custom tile baths
generous size bedrooms and closet space
Eco Friendly
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Gibson Sotheby's International Realty
(617) 375-6900
Listed By:
Michael Moran
(617) 733-7660
Source:
Churchillprop
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 7 at 6:19PM
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 Gibson Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This three-story mixed-use building includes a basement, four residential units, and ground-floor commercial space used as a tavern and restaurant. The residential floors were added in 2021. Each apartment has hardwood flooring, a custom kitchen with quartz counters and GE stainless steel appliances, in-unit laundry, and a tiled bathroom. Heating, cooling, and hot water are provided separately within each unit.
The property contains 5,412 square feet and is zoned RC. It will be delivered vacant; liquor and entertainment licenses are not part of the sale.
The property contains 5,412 square feet and is zoned RC. It will be delivered vacant; liquor and entertainment licenses are not part of the sale.
Key Highlights
- Four residential units above ground‑level commercial space
- 5,412 square feet; three stories plus basement
- Residential addition completed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,120
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,642,400
$2.6M
Cap Rate 7%
$1,887,429
$1.9M
Cap Rate 9%
$1,468,000
$1.5M
Market Conditions
NOI Build-Up for 5,412 SF
Gross rent
$227.3K $42.00/SF
− Vacancy
−$15.9K −$2.94/SF
EGI
$211.4K $39.06/SF
− OpEx
−$79.3K −$14.65/SF
NOI
$132.1K $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%
$2,642,400
Cap Rate 7%
$1,887,429
Cap Rate 9%
$1,468,000
Alternative Uses
Best Use
Mixed Use
$1.89M
$1.65M – $2.20M
NOI $132,120 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,139 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$4.05M
$3.55M – $4.73M
NOI $283,675 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,768
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
$763,700
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Boston, MA
Properties on Market for Mixed-use properties in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The vacant property combines four residential units with ground-level space currently used as a tavern and restaurant.
Where is this mixed-use property located?
The property is located at 717 Centre Street Boston, MA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Four residential units above ground‑level commercial space; 5,412 square feet; three stories plus basement; Residential addition completed in 2021
