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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.

More Info

Basic Information

  • Gross Income $571,972
  • Lot Features Corner Lot, Level
  • Mls StatusNew
  • Parcel Number W:03 P:03825 S:000
  • Rent Includes Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water)

Tax Information

  • Tax Assessed Value $4,133,800
  • Tax Year 2027
  • Taxes$74,229

Parking

  • Parking Spaces

Rooms

  • Bathroom12
  • Bathrooms Total Decimal 10.5
  • Bedrooms9
  • Full Bath9
  • Half Baths3

Basic Information

  • List Price$8,000,000
  • MLS Number73575427
  • Modification Date09/10/2026
  • Property SubType5-9 Family

Location

  • Address45 Broad Street
  • Building Number45
  • CountySuffolk
  • NeighborhoodMidtown
  • StateMA
  • StreetBroad Street
  • SubdivisionMidtown
  • TownBoston
  • Zip02109

Building

  • BasementFull, Finished, Concrete
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter
  • Levels 4
  • Patio And Porch Features Deck - Roof, Deck - Composite
  • Rooms20
  • Stories4
  • Units11
  • Utilities For Gas Range, For Electric Dryer, Icemaker Connection
  • Window Features Insulated Windows
  • Year Built2016
  • Year Built Details Actual
  • Year Built Source Owner

Property

  • Acreage0.04

Interior

  • Interior Features
    • Bathroom with Shower Stall
    • Cathedral/Vaulted Ceilings
    • Ceiling Fan(s)
    • Heated Attic
    • Internet Available - Broadband
    • Kitchen
    • Laundry Room
    • Living RM/Dining RM Combo
    • Open Floorplan
    • Remodeled
    • Stone/Granite/Solid Counters
    • Walk-Up Attic

Exterior

  • Exterior Features Varies per Unit
  • RoofRubber

Utilities

  • Cooling Central Air, Individual, Unit Control
  • Cooling YN Yes
  • Electric Individually Metered
  • Heat SystemYes
  • Heating Forced Air, Unit Control, Hydro Air
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Measured
  • Living Area 13,139
  • Lot Size Square Feet 1,842
  • Lot Size Units Acres
  • Square Feet13,139
  • View YN Yes

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Laundromat
    • Marina
    • Medical Facility
    • Park
    • Public Transportation
    • Shopping
    • T-Station
    • University
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Plumbed For Ice Maker
  • Green Energy Efficient Thermostat
  • Other AmenitiesBasement

Other

  • Date Listed09/10/2026
  • Farm Land Area Units Square Feet
  • Other Equipment Intercom
  • View Count2

Map Location

Driving Directions

Listed by Eliott Levine of Olde Forge Realty

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