Rare opportunity to acquire a fully utilized, turn-key mixed-use investment property in the heart of Downtown Boston. Notably restored and combined in 2016, 45 Broad Street and 119 Water Street comprise a boutique 11-unit asset featuring nine highly desirable one-bedroom apartments and two prime street-level restaurant spaces. Originally home to large-scale printing operations, the buildings retain distinctive architectural character with high ceilings, oversized windows, exposed structural elements and substantial timber joists throughout. Current ownership completed a comprehensive redevelopment of the properties, creating a stabilized, generational-quality asset with no immediate capital improvements anticipated. All residential units feature central air conditioning, in-unit laundry and high-end finishes, while the two commercial spaces provide additional income and diversification to the rent roll. Ideally positioned just blocks from Boston Harbor, the Rose Kennedy Greenway and Financial District, the property benefits from an exceptional Downtown location, strong residential demand, limited competing inventory and significant barriers to entry for comparable new development. An exceptional opportunity for an investor seeking a stabilized, low-maintenance Boston asset combining durable income, irreplaceable historic character and long-term appreciation potential.
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Last Checked: September 17th, 2026 at 10:43am (Source: MLS PIN #73575427)
Gross Income: $2,400
Gross Expenses: $74,229
Net Income Calc: $71,829
Annual Expenses for 45 Broad St, Boston MA 02109
Total Gross Expenses (Calculated)$74,229/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax74229.32
Annual Income & Unit Breakdown for 45 Broad St, Boston MA 02109
Total Gross Income (Calculated)$2,400
Unit 1
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
Rent IncludesHeat
Unit 3
Rental Income$0
Lease
Bathrooms
Rent IncludesHeat
Unit 4
Rental Income$0
Lease
Bathrooms
Rent IncludesHeat
General Information for 45 Broad St, Boston MA 02109
Listing ID73575427
Property TypeMulti Family / 5+ Family
Price8000000 ($608.87/SqFt)
Style5-9 Family
CityBoston
CountySuffolk
MLS AreaMidtown
Neighborhood(s)
Approximate Living Area Total13139
Approximate Lot Size (Acres)0.04
Total Parking0
Garage Parking0
Year Built2016
Year Built SourceOwner
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningRC
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 45 Broad St, Boston MA 02109
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceMeasured
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 45 Broad St, Boston MA 02109
Real Estate Taxes74229.32
Tax Year2027
Assessed Value$4,133,800
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 45 Broad St, Boston MA 02109
Neighborhood(s)
MLS AreaMidtown
Area AmenitiesWalk/jog Trails
Contact Information for 45 Broad St, Boston MA 02109