$8,000,000
9
Beds
9/3
Baths
13,139
Living Area
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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.
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Highlights
- Area: Midtown
- Has View: Yes
- Levels: 4
- Property Type: 5-9 Family
- Total Rooms: 20
- Status: Active
- Cooling: Central Air, Individual, Unit Control
- Heating: Forced Air, Unit Control, Hydro Air
- Property Class: Residential Income
- Stories: 4
- Year Built: 2016
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Plumbed For Ice Maker
- Construction: Frame
- Foundation: Concrete Perimeter
- Lot Features: Corner Lot, Level
- SqFt Source: Measured
- View: City View(s)
- Year Built Source: Owner
- Basement: Full, Finished, Concrete
- Exterior Features: Varies per Unit
- 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
- Roof: Rubber
- Total Number of Units: 11
- Year Built Details: Actual
- Zoning: Rc
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, T-Station, University
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $4,133,800
- Tax Year: 2027
- Total Rent: $200
- Rental Fee Includes: Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water)
- Taxes: $74,229
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Listing information provided courtesy of Olde Forge Realty.
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