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45 Thorndike
Boston, MA, 02118
$1,299,999
8 Beds
3 Baths
2,628 SqFt
0.03 Acres
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MLS #73594957 image #0
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

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Schools

Interior

Above Grade Finished Area
2628
Bathrooms
3 Full Bathrooms
Levels
3

Exterior

Fencing
Fenced/Enclosed
Lot Features
Level
Stories
3

Financial

Net Operating Income
$80,712
Tax Year
2027
Taxes
$10,150

Map

Community

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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