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8 Beds
3 Baths
2,628 sqft

$1,299,999

45 Thorndike, Boston MA, 02118

Price per sqft$494.67
Built in1900
Property size2,628 sqft
Property typeMulti-family

Overview

Active

New

Listed Oct 26, 2026

Updated 9h ago

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)

$8,649/mo

Est. mortgage payment based on a $1,299,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
73594957

Interior Features

Bedrooms
8
Bathrooms
3
Basement
Yes

Exterior Features

Lot Size
0.03 Acres

Other Property Details

Taxes
$10,150
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by Jason G. Mahoney Esq. with Vitruvius Realty

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Data last updated 7:38 AM UTC, 10/27/2026

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