45 Thorndike
Boston, MA 02118
- Bedrooms
- 8
- Bathrooms
- 3
- Square feet
- 2,628
- Year built
- 1900
- Price per sq ft
- $495
- Annual taxes
- $10,150 (2027)
Listing brokerage: Vitruvius RealtyListing agent: Jason G. Mahoney Esq.
Overview
RARE BELOW MARKET OPPORTUNITY with significant equity and cash flow upside in coming years. Renovated 3 family brick row house in Boston's desirable South End zip code of 02118, including a total of 8 bedrooms, 3 bathrooms and a total of 3,504sqft. All 3 units are rented with high performing leases. Detailed rent roll and full 2025/2026 P&L available upon request. Unit 1: 2 bedroom, 1 bath - $2,278/month (80% AMI), Unit 2: 3 bedroom, 1 bath - $1,948/month (60% AMI), Unit 3: 3 bedroom, 1 bath - $2,500/month (80% AMI). No BPDA restrictions on the sale or buyer qualifications. Rent limit restrictions (AMI percentages above) will expire in 2038, unlocking full market value rents. Full deed restriction details, including title insurance verification of 2038 expiration available upon request. Currently offered at a cap rate of ~5, with substantial upside in future years, as AMI limits increase and with the eventual expiration of deed restriction in 2038. Recent improvements include: full lead paint compliance/certification, plumbing, new indirect water heaters (2), refurbished gas boiler systems (3), reinforced masonry - basement and exterior. Completely renovated entranceway, including new front stairs, new front door and digital locking system, new entranceway paneling and lighting. New appliances (unit 1 stove and unit 2 fridge)
Subject to BPDA restriction until 2038
Property details
- Type
- 3 Family - 3 Units Up/Down · Residential Income
- MLS number
- 73594957
- County
- Suffolk
- Rooms
- 14
- Full baths
- 3
- Living area
- 2,628 sq ft
- Lot
- 0.03 acres
- Basement
- Full, Walk-Out Access, Unfinished
- Annual taxes
- $10,150 (2027)
- Lead paint
- Certified Treated
- Listed
- October 26, 2026
Outside
- Level
Utilities
- Public
- Public Sewer
Location
45 Thorndike, Boston, MA 02118
Mortgage calculator
- Principal and interest
- $6,574
- Property taxes
- $846
- Estimated monthly payment
- $7,419
An estimate, before insurance. A lender will give you the real figures.
All 33 photos
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