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Open House: Sat 10/10 1:30 PM
41
$1,500,000
Total Beds: 8 Total Baths: 6
Total Units: 3 SQFT: 3278
LOT size: 0.08 Acres
164 Boylston Street
Boston, MA 02130
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Property Description

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, Café 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.

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 8
  • Total Full Baths: 6
  • Amenities: Bike Path, Park, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Concrete Floor, Finished, Full, Other (See Remarks)
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: Yes
  • Gross Operating Income: 124500
  • Net Operating Income: 124500

Utilities

  • Heat Zones: 3
  • Cooling Zones: 3
  • Electric Info: 100 Amps, Other (See Remarks)
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 2006
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Poured Concrete
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73587007
  • Last Updated: 10/06/26

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Map

Seller's Representative: Mission Realty Advisors, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-10-06 10:19:00