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Fully tenanted, cash-flowing and just three blocks from the Stony Brook T, this three-family built in 2006 offers a standout investment in one of Jamaica Plain's best locations. Offering three spacious residences and four off-street parking spaces, 164 Boylston combines the benefits of newer construction with meaningful future upside to increase cash flow. The unit mix includes one 2-bedroom, 2-bath residence and two 3-bedroom, 2-bath residences. Each features 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 each enjoy a private rear balcony, while the first-floor unit is wheelchair accessible. Additional amenities include three large private basement storage rooms, individual power-vented hot water tanks and a building-wide sprinkler system. Fully tenanted, the property currently generates $10,375 per month and $124,500 annually in gross rental income. Current rents are below market rent, providing an opportunity to increase income over time while the property is already producing positive cash flow at today's rents. Projected rents for the 2027/2028 rental cycle total $11,700 per month and $140,400 annually, representing approximately $15,900 in additional annual gross rental income as leases turn over. The location also offers convenient access to the Longwood Medical Area, one of Boston's major employment and education centers. Closer to home, residents enjoy easy access to the Orange Line, Southwest Corridor, Caf Ula, Chilacates, Mike's Fitness, the Sam Adams Brewery, Jamaica Pond, Franklin Park and Jamaica Plain's extensive collection of restaurants, shops and neighborhood amenities. A compelling opportunity to acquire a turnkey, cash-flowing multifamily property with parking, modern systems, strong in-place income and meaningful long-term upside in one of Boston's most established rental markets.
More Info
Basic Information
- Gross Income $124,500
- Lot Features Cleared
- Mls StatusNew
- Parcel Number 1350088
Tax Information
- Tax Assessed Value $1,375,800
- Tax Year 2027
- Taxes$17,059
Parking
- Open Parking YN Yes
- Parking Features Paved Drive, Off Street, On Street
- Parking Spaces4
Rooms
- Bathroom6
- Bathrooms Total Decimal 6
- Bedrooms8
- Full Bath6
Basic Information
- List Price$1,500,000
- MLS Number73587007
- Modification Date10/06/2026
- Property SubType3 Family - 3 Units Up/Down
- Virtual TourView Tour
Location
- Address164 Boylston Street
- Building Number164
- CountySuffolk
- NeighborhoodJamaica Plain
- StateMA
- StreetBoylston Street
- SubdivisionJamaica Plain
- TownBoston
- Zip02130
Building
- BasementFull, Finished, Concrete
- Building Area Units Square Feet
- FoundationConcrete Perimeter
- Levels 3
- Patio And Porch Features Deck - Wood, Deck - Composite
- Rooms20
- Stories3
- Units3
- Year Built2006
- Year Built Details Actual
- Year Built Source Public Records
Property
- Acreage0.08
Interior
- Flooring Tile, Hardwood
Exterior
- Fencing Fenced/Enclosed
Utilities
- Electric 100 Amp Service
- Sewer Public Sewer
- Water Source Public
Property Information
- Building Area Source Public Records
- Living Area 3,278
- Lot Size Square Feet 3,420
- Lot Size Units Acres
- Square Feet3,278
Amenities
- Accessibility Features Accessible Entrance
- Amenities
- Bike Path
- Park
- Public Transportation
- Shopping
- T-Station
- Walk/Jog Trails
- Other AmenitiesBasement
Legal
- ZoningRES
Other
- Date Listed10/06/2026
- Farm Land Area Units Square Feet
- View Count1
Map Location
Listed by Mission Realty Advisors of Compass
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