Exceptional Jamaica Plain three-family investment opportunity! Fully tenanted and generating $128,100 in annual rental income with a 6.5% cap rate, this 2006-built property is ideally situated just three blocks from the Stony Brook T stop. Featuring three spacious renovated residences, four off-street parking spaces, modern systems and meaningful rental upside, 164 Boylston Street combines strong in-place income with compelling long-term growth potential. The unit mix includes one 2-bedroom, 2-bath residence and two 3-bedroom, 2-bath residences, each featuring a primary bath, granite countertops, stainless steel appliances, central air, in-unit laundry and separately metered heat, hot water and electricity. The second- and third-floor residences enjoy private rear balconies, while the first-floor unit offers wheelchair accessibility. Additional amenities include three large private basement storage rooms, individual power-vented hot water tanks and a building-wide sprinkler system. Currently generating $10,675 per month in gross rental income, the property delivers immediate cash flow with existing rents below estimated market levels. Projected rents for the 2027/2028 rental cycle total $11,700 monthly, or $140,400 annually, representing $11,100 in potential additional annual gross income as leases turn over. Ideally situated near the Orange Line, Southwest Corridor and Longwood Medical Area, residents enjoy convenient access to major employment centers, Jamaica Pond, Franklin Park, Café Ula, Chilacates, the Sam Adams Brewery and Jamaica Plain's vibrant collection of restaurants, shops and neighborhood amenities. A compelling opportunity to acquire a turnkey, income-producing multifamily property with parking, modern construction, established rental income and significant future upside in one of Boston's most desirable rental markets.
This home has been viewed 22 times
Last Checked: October 28th, 2026 at 10:23am (Source: MLS PIN #73587007)
Gross Income: $129,300
Gross Expenses: $17,059
Net Income Calc: $112,241
Annual Expenses for 164 Boylston Street, Boston MA 02130
Total Gross Expenses (Calculated)$17,059/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax17059.9
Annual Income & Unit Breakdown for 164 Boylston Street, Boston MA 02130
Total Gross Income (Calculated)$129,300
Unit 1
Rental Income$0
LeaseY
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms3
Bathrooms2 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseY
Bedrooms3
Bathrooms2 Full
Floor3
Levels in Unit1
Rent Includes
General Information for 164 Boylston Street, Boston MA 02130
Listing ID73587007
Property TypeMulti Family / 3 Family
Price1500000 ($457.6/SqFt)
Style3 Family - 3 Units Up/down
CityBoston
CountySuffolk
MLS AreaJamaica Plain
Neighborhood(s)
Approximate Living Area Total3278
Approximate Lot Size (Acres)0.08
Total Parking4
Garage Parking0
Year Built2006
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof Material
BasementFull
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features1
Outdoor SpaceCovered
ZoningRES
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 164 Boylston Street, Boston MA 02130
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsBlack Light Fixture Above Storage Bench In Kitchen.
Financial Data Source
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 164 Boylston Street, Boston MA 02130
Real Estate Taxes17059.9
Tax Year2027
Assessed Value$1,375,800
Financial Data Source
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 164 Boylston Street, Boston MA 02130
Neighborhood(s)
MLS AreaJamaica Plain
Area AmenitiesWalk/jog Trails
Contact Information for 164 Boylston Street, Boston MA 02130