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Cathryn Schwab

cathryn.schwab@engelvoelkers.com +1(401) 787-5694

$ 8,000,000

Est. payment -/mo

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45 Broad St Boston, MA 02109

9 Beds

10.5 Baths

13,139 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,139 sqft

Price per Sqft $608

MLS Listing ID 73575427

Bedrooms 9

Full Baths 9

Half Baths 3

Year Built 2016

Annual Tax Amount $74,229

Tax Year 2027

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type 5-9 Family

Property Description

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.

Location

State MA

County Suffolk

Area Midtown

Zoning RC

Direction Corner of Broad and Water Streets

Rooms

Basement Full, Finished, Concrete

Interior

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

Heating Forced Air, Unit Control, Hydro Air

Cooling Central Air, Individual, Unit Control

Appliance Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Plumbed For Ice Maker

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Varies per Unit

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, T-Station, University

Utilities Available for Gas Range, for Electric Dryer, Icemaker Connection

View Y/N Yes

View City View(s)

Roof Type Rubber

Garage No

Building

Lot Description Corner Lot, Level

Story 4

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Olde Forge Realty

NEARBY SCHOOLS & PROPERTIES

Cathryn Schwab

Broker Associate License ID: REB.0019852

+1(401) 787-5694

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