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INVESTMENT SNAPSHOT
About this property
RARE BELOW MARKET OPPORTUNITY with significant equity and cash flow upside in coming years. Renovated 3 family brick row house in Boston's desirable South End zip code of 02118, including a total of 8 bedrooms, 3 bathrooms and a total of 3,504sqft. All 3 units are rented with high performing leases. Detailed rent roll and full 2025/2026 P&L available upon request. Unit 1: 2 bedroom, 1 bath - $2,278/month (80% AMI), Unit 2: 3 bedroom, 1 bath - $1,948/month (60% AMI), Unit 3: 3 bedroom, 1 bath - $2,500/month (80% AMI). No BPDA restrictions on the sale or buyer qualifications. Rent limit restrictions (AMI percentages above) will expire in 2038, unlocking full market value rents. Full deed restriction details, including title insurance verification of 2038 expiration available upon request. Currently offered at a cap rate of ~5, with substantial upside in future years, as AMI limits increase and with the eventual expiration of deed restriction in 2038. Recent improvements include: full lead paint compliance/certification, plumbing, new indirect water heaters (2), refurbished gas boiler systems (3), reinforced masonry - basement and exterior. Completely renovated entranceway, including new front stairs, new front door and digital locking system, new entranceway paneling and lighting. New appliances (unit 1 stove and unit 2 fridge)
Property details
| Units | 3 |
| Living area | 2,628 sqft |
| Lot size | 1,100 sqft |
| Year built | 1900 |
| Price / sqft | $495 |
| County | Suffolk |
| MLS # | 73594957 |
Listing status
| Days on market | 0 days |
| Listed on | October 26, 2026 |
Taxes & financials
| Annual property tax | $10,150 |
| Tax year | 2027 |
| Assessed value | $811,400 |
| Zoning | RES |
| Gross income (actual) | $80,712/yr |
| Net operating income (actual) | $80,712/yr |
| Total actual rent | $6,726/mo |
Building & lot
| Stories | 3 |
| Total rooms | 14 |
| Lot size | 0.03 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Basement | Full, Walk-Out Access, Unfinished |
| Foundation | Brick/Mortar |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 45 Thorndike, Boston MA 02118 have?
It is a 3-unit multi-family property with 2,628 sqft of living area, built in 1900.
How long has 45 Thorndike, Boston MA 02118 been on the market?
45 Thorndike, Boston MA 02118 has been listed for 0 days (since October 26, 2026).
What is the price per unit?
At a list price of $1,299,999 across 3 units, that works out to roughly $433,333 per unit.
What are the property taxes on 45 Thorndike, Boston MA 02118?
Annual property taxes are $10,150 (2027), on an assessed value of $811,400.
What is the price per square foot?
At $1,299,999 for 2,628 sqft, that's about $495 per square foot.
Where is this property located?
45 Thorndike, Boston MA 02118 is in Boston, Suffolk County, MA 02118.
