45 Thorndike St Boston MA 02118 MLS #73306187

45 Thorndike St
Boston, MA, 02118
$950,000
8 Beds
3 Baths
2,628 SqFt
0.03 Acres
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A three-unit multifamily home in Roxbury. This property must have all three units rented under the BPDA/BRA Inclusionary Development Policy (IDP). The units cannot be owner-occupied, and renters must be approved through a BPDA lottery conducted after the sale of the building. Unit 1 is a two-bedroom unit that can be rented at 80% AMI, with a current maximum rent of $2,033. Unit 2 is a three-bedroom unit eligible for rental at 60% AMI, with a current maximum rent of $1,678, and is currently rented at $1,600 per month. Unit 3 is a three-bedroom unit that can be rented at 80% AMI, with a current maximum rent of $2,280. The property is listed below market value, and rental restrictions are in effect until July 31, 2038.

Property Details

Price:
$950,000
MLS #:
73306187
Status:
Active
Beds:
8
Baths:
3
Address:
45 Thorndike St
Type:
Multi Family
Subtype:
3 Family
Neighborhood:
Roxbury
City:
Boston
Listed Date:
Oct 24, 2024
State:
MA
Finished Sq Ft:
2,628
Total Sq Ft:
2,628
ZIP:
02118
Lot Size:
1,100 sqft / 0.03 acres (approx)
Year Built:
1900
Units:
3
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Schools

Interior

Bathrooms
3 Full Bathrooms

Exterior

Parking Features
On Street

Financial

Net Operating Income
$19,200
Tax Year
2025
Taxes
$3,849

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