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370-372 Centre St

$5,000,000
370-372 Centre St, Boston, MA 02130
370-372 Centre St

370-372 Centre St

$5,000,000

A premier mixed-use investment opportunity in the heart of Jamaica Plain's Hyde Square, 370 Centre Street offers 9,768 square feet of rentable area, strong in-place income, and compelling long-term upside in one of Boston's most established rental markets. The fully renovated property consists of two street-level commercial spaces and four expansive 4-bedroom, 2-bath residential apartments. All residential units have been gut renovated to modern standards and are fully leased through September 1, 2027. Total gross monthly rental income is $31,300, supporting an attractive 6.5% cap rate and providing immediate cash flow with additional opportunity for future income growth. The location is a key driver of long-term demand. Positioned directly on Centre Street in vibrant Hyde Square, the property offers convenient access to the Longwood Medical Area and the numerous universities, hospitals, and institutions throughout the surrounding area. Multiple public transportation options connect the property to employment and education centers across Boston, including the Route 39 bus along Centre Street, the Orange Line at Jackson Square, and Green Line service near Longwood. Jamaica Pond, Whole Foods Market, the Arnold Arboretum, and Franklin Park are all nearby, while Centre Street's restaurants, shops, and neighborhood amenities create an exceptionally walkable setting for residents and businesses alike. 370 Centre Street may be acquired independently or together with neighboring 374 Centre Street, a separate seven-unit mixed-use property. Combined, the properties comprise five commercial spaces and eight fully renovated residential apartments, creating a rare opportunity to acquire meaningful scale in a single location along one of Jamaica Plain's most prominent commercial corridors. With strong existing income, renovated residential units, future upside, exceptional connectivity, and the flexibility to acquire individually or as a package, 370 Centre Street offers a compelling combination of cash flow, scale, and long-term value. Pro forma and additional information available upon request.
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Features & Amenities

Interior

Total Bedrooms 16
Total Bathrooms 9
Full Bathrooms 8
Half Bathrooms 1
Laundry Room Electric Dryer Hookup, Washer Hookup
Flooring Wood, Tile, Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Other Interior Features Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Laundry Room

Exterior

Stories 5
Water Source Public
Utilities for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
ROOF Rubber
Lot Features Level
Parking Paved Drive, Shared Driveway, Off Street
Heat type Central, Forced Air
Air Conditioning Central Air
Sewer Public Sewer
Substructure Stone, Brick/Mortar

Area & Lot

Status For Sale
Open House 9/11/2026, 12:00 PM - 1:00 PM
LIVING SPACE 9,768 Sq.Ft.
TOTAL AREA 9,768 Sq.Ft.
LOT SIZE 4,700 Sq.Ft.
MLS® ID 73574148
Type Multi-Family
Year Built 1892
Neighborhood Jamaica Plain

Financial

SALES PRICE $5,000,000
REAL ESTATE TAXES $30,327/yr
Zoning LC

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