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.
This home has been viewed 7 times
Last Checked: September 16th, 2026 at 5:58am (Source: MLS PIN #73574148)
Gross Income: $255,600
Gross Expenses: $30,327
Net Income Calc: $225,273
Water Views
Annual Expenses for 370-372 Centre St, Boston MA 02130
Total Gross Expenses (Calculated)$30,327/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax30327.34
Annual Income & Unit Breakdown for 370-372 Centre St, Boston MA 02130
Total Gross Income (Calculated)$255,600
Unit 1
Rental Income$0
LeaseY
Bedrooms0
Bathrooms1 Half
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms0
Bathrooms1 Half
Floor1
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseY
Bedrooms4
Bathrooms2 Full
Floor2
Levels in Unit1
Rent Includes
Unit 4
Rental Income$0
LeaseY
Bedrooms4
Bathrooms2 Full
Floor3
Levels in Unit1
Rent Includes
General Information for 370-372 Centre St, Boston MA 02130
Listing ID73574148
Property TypeMulti Family
Price5000000 ($511.88/SqFt)
Style5+ Family - 5+ Units Side By Side
CityBoston
CountySuffolk
MLS AreaJamaica Plain
Neighborhood(s)
Approximate Living Area Total9768
Approximate Lot Size (Acres)0.11
Total Parking0
Garage Parking0
Year Built1892
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningLC
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 370-372 Centre St, Boston MA 02130
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsPersonal Belongings.
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 370-372 Centre St, Boston MA 02130
Real Estate Taxes30327.34
Tax Year2027
Assessed Value$1,610,100
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 370-372 Centre St, Boston MA 02130
Neighborhood(s)
MLS AreaJamaica Plain
Area AmenitiesWalk/jog Trails
Contact Information for 370-372 Centre St, Boston MA 02130