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A premier mixed-use investment opportunity at the corner of Centre Street and Sheridan Street in the heart of Jamaica Plain's Hyde Square, 374 Centre Street offers 9,153 square feet of rentable area, strong income, and compelling long-term upside in one of Boston's established rental markets. The fully renovated property consists of two street-level commercial spaces, one office, and four expansive 4-bedroom, 2-bath residential apartments. All residential units have been gut renovated and are fully leased through September 1, 2027, while all three commercial spaces are currently leased. Total gross monthly rental income is $33,000, supporting an attractive 6.6% cap rate and providing immediate cash flow with additional opportunity for future income growth. The prominent corner location offers excellent visibility and exposure for commercial tenants while placing residents in the heart of 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 destinations across Boston, including the Route 39 bus along Centre Street, the Orange Line at Jackson Square, and Green Line service near Heath St. 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. 374 Centre Street may be acquired independently or together with neighboring 370 Centre Street, a separately offered mixed-use property consisting of two commercial spaces and four fully renovated residential apartments. Combined, the properties comprise five commercial spaces and eight residential apartments, creating a rare opportunity to acquire significant scale in a single location along one of Jamaica Plain's most prominent commercial corridors. With strong existing income, renovated residential units, a high-visibility corner location, future upside, and the flexibility to acquire individually or as a package, 374 Centre Street offers a compelling combination of cash flow, scale, and long-term value. Pro forma and additional information available upon request.
More Info
Basic Information
- Gross Income $396,000
- Lot Features Level, Steep Slope
- Mls StatusNew
- Parcel Number 1900116002
Tax Information
- Tax Assessed Value $1,578,500
- Tax Year 2027
- Taxes$29,225
Parking
- Open Parking YN Yes
- Parking Features Paved Drive, Shared Driveway, Off Street
- Parking Spaces
Rooms
- Bathroom11
- Bathrooms Total Decimal 9.5
- Bedrooms16
- Full Bath8
- Half Baths3
Basic Information
- List Price$5,200,000
- MLS Number73574354
- Modification Date09/09/2026
- Property SubType5+ Family - 5+ Units Side by Side
- Virtual TourView Tour
Location
- Address374-374A Centre Street
- Building Number374-374a
- CountySuffolk
- NeighborhoodJamaica Plain
- StateMA
- StreetCentre Street
- SubdivisionJamaica Plain
- TownBoston
- Zip02130
Building
- BasementFull
- Building Area Units Square Feet
- Construction Materials Brick
- FoundationStone, Brick/Mortar
- Levels 6
- Patio And Porch Features Patio - Enclosed
- Rooms29
- Stories6
- Units7
- Utilities For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup
- Year Built1900
- Year Built Details Approximate
- Year Built Source Public Records
Property
- Acreage0.14
Interior
- Flooring Wood, Tile, Hardwood
- Interior Features Bathroom with Shower Stall, Living Room, Dining Room, Kitchen
Exterior
- Fencing Fenced/Enclosed
- RoofRubber
Utilities
- Cooling Central Air
- Cooling YN Yes
- Heat SystemYes
- Heating Central, Forced Air
- Sewer Public Sewer
- Water Source Public
Property Information
- Building Area Source Public Records
- Living Area 9,153
- Lot Size Square Feet 5,943
- Lot Size Units Acres
- Square Feet9,153
Amenities
- Amenities
- Bike Path
- Conservation Area
- Golf
- House of Worship
- Laundromat
- Medical Facility
- Park
- Private School
- Public School
- Public Transportation
- Shopping
- Stable(s)
- T-Station
- University
- Walk/Jog Trails
- Appliances IncludedRange, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
- Other AmenitiesBasement, Golf
Legal
- ZoningLC
Other
- Date Listed09/09/2026
- Farm Land Area Units Square Feet
- View Count2
Map Location
Listed by Mission Realty Advisors of Compass
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