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
Price:
$1,299,999
MLS #:
73594957
Status:
Active
Beds:
8
Baths:
3
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
Listed Date:
Oct 26, 2026
Finished Sq Ft:
2,628
Total Sq Ft:
2,628
Lot Size:
1,100 sqft / 0.03 acres (approx)
Year Built:
1900
Units:
3
See this Listing
Schools
Interior
Above Grade Finished Area
2628
Bathrooms
3 Full Bathrooms
Levels
3
Exterior
Fencing
Fenced/Enclosed
Lot Features
Level
Stories
3
Financial
Tax Year
2027
Taxes
$10,150
Map
Community
- Address45 Thorndike Boston MA
- CityBoston
- CountySuffolk
- Zip Code02118
Subdivisions in Boston
- Adams Village
- Ashmont Hill
- Ashmont Hill / Carruth Area
- Ashmont Hill / Peabody Square
- Beacon Hill
- Bellevue Hill
- Boston
- Central JP
- Charlestown
- Clam Point
- Doctor’s Row
- Dorchester
- East Boston
- Fairmount Hill
- Forest Hills
- Fort Hill Highland Park
- Frederick Douglas Park South End
- George Wright Golf Course Neighborhood
- Harborview
- Highland
- Holy Name Parish neighborhood
- Hyde Park
- Jeffries Point
- Lower Mills
- Lower Mills and East Milton Square
- Melville Park
- Moss Hill
- Mount Hope
- Nubian Square
- Oak Square
- Oak Square Brighton/Newton Liine
- Orient Heights
- Over The Bridge – Savin Hill
- Peak Hill Neighborhood
- Pondside
- Pondside Jamaica Plain
- Readville
- Roslindale
- Roxbury
- Savin Hill OTB
- Savin Hill/JFK
- South Boston
- South Boston’s City Point
- Thompson Square
- Truman Parkway/ Monahan Park
- Ward 20
- Well Respected Hyde Park Neighborhood Area of Boston.
- West Roxbury
- Woodbourne
Market Summary
Current real estate data for Multi Family in Boston as of Nov 03, 2026
429
Multi Family Listed
129
Avg DOM
485
Avg $ / SqFt
$2,087,925
Avg List Price
Property Summary
- 45 Thorndike Boston MA is a Multi Family for sale in Boston, MA, 02118. It is listed for $1,299,999 To schedule a showing of MLS#73594957 at 45 Thorndike in Boston, MA, contact your Cornerstone Real Estate agent at 617-238-7400.
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Courtesy of Vitruvius Realty. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
45 Thorndike
Boston, MA

