45 Broad St
Boston, MA 02109
$8,000,000 - Midtown
Rare opportunity to acquire a fully utilized, turn-key mixed-use investment property in the heart of Downtown Boston. Notably restored and combined in 2016, 45 Broad Street and 119 Water Street comprise a boutique 11-unit asset featuring nine highly desirable one-bedroom apartments and two prime street-level restaurant spaces. Originally home to large-scale printing operations, the buildings retain distinctive architectural character with high ceilings, oversized windows, exposed structural elements and substantial timber joists throughout. Current ownership completed a comprehensive redevelopment of the properties, creating a stabilized, generational-quality asset with no immediate capital improvements anticipated. All residential units feature central air conditioning, in-unit laundry and high-end finishes, while the two commercial spaces provide additional income and diversification to the rent roll. Ideally positioned just blocks from Boston Harbor, the Rose Kennedy Greenway and Financial District, the property benefits from an exceptional Downtown location, strong residential demand, limited competing inventory and significant barriers to entry for comparable new development. An exceptional opportunity for an investor seeking a stabilized, low-maintenance Boston asset combining durable income, irreplaceable historic character and long-term appreciation potential.
| Listing ID: | 73575427 |
|---|---|
| List Price: | $8,000,000 |
| Property Type: | Residential Income |
| Property Sub Type: | 5-9 Family |
| Status: | Active |
| Bedrooms Total: | 9 |
| Bathrooms Full: | 9 |
| Bathrooms Half: | 3 |
| Living Area: | 13,139 |
| Tax Annual Amount: | $74,229 |
| Lot Size Square Feet: | 1,842 |
| Lot Size Acres: | 0.04 |
| City: | Boston |
| MLS Area Major: | Midtown |
| County Or Parish: | Suffolk |
| Postal Code: | 02109 |
| Year Built: | 2016 |
| Number Of Units Total: | 11 |
| Appliances: | Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Plumbed For Ice Maker |
| Cooling: | Central Air, Individual, Unit Control |
| Heating: | Forced Air, Unit Control, Hydro Air |
| Lot Features: | Corner Lot, Level |
| Status: | Active |
| State Or Province: | MA |
| Water Source: | Public |
| Roof: | Rubber |
| Window Features: | Insulated Windows |
| Laundry Features: | Electric Dryer Hookup |
| Foundation Details: | Concrete Perimeter |
| Postal Code Plus4: | 4807 |
| Electric: | Individually Metered |
| Construction Materials: | Frame |
| Listing Contract Date: | 2026-09-10 |
| Cooling?: | Yes |
| Heating?: | Yes |
| Lot Size Area: | 0.04 |
| Rooms Total: | 20 |
| Bathrooms Total Integer: | 12 |
| Basement: | true |
| Basement: | Full, Finished, Concrete |
| Building Area Source: | Measured |
| Community Features: | Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, T-Station, University |
| Exterior Features: | Varies per Unit |
| Interior Features: | Ceiling Fan(s), Cathedral/Vaulted Ceilings, Stone/Granite/Solid Counters, Bathroom with Shower Stall, Open Floorplan, Remodeled, Internet Available - Broadband, Walk-Up Attic, Heated Attic, Kitchen, Laundry Room, Living RM/Dining RM Combo |
| Levels: | 4 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Parcel Number: | W:03 P:03825 S:000 |
| Patio And Porch Features: | Deck - Roof, Deck - Composite |
| Rent Includes: | Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water) |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range, for Electric Dryer, Icemaker Connection |
| Zoning: | RC |
| Green Energy Efficient: | Thermostat |
| Stories Total: | 4 |
| View: | City View(s) |
| Year Built Source: | Owner |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Gross Income: | $571,972 |
| Apod Available: | Yes |
| Certificate Number: | 000000131692 |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 2 |
| Flrs 2: | 2 |
| Gre: | 123,529 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $608.87 |
| Page: | 223 |
| Price Per Sqft: | $608.87 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $449,863 |
| Operating Expense: | $123,529 |
| Original List Price: | $8,000,000 |
| Other Equipment: | Intercom |
| Tax Assessed Value: | $4,133,800 |
| Tax Year: | 2027 |
| Total Actual Rent: | $200 |
| View?: | Yes |
| Year Built Details: | Actual |
| Building Area Total: | 13,139 |
| Bedrms 1: | 1 |
| Bedrms 2: | 1 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| Hot Water: | Tank |
| Above Grade Finished Area: | 13,139 |
| Open Parking Spaces: | 0 |
| Living Area Source: | Measured |
| Rent1: | 100 |
| Rent2: | 100 |
| Total Flrs: | 4 |
| Beachfront Flag: | No |
Listing Courtesy of: Olde Forge Realty
Listing Agent: Eliott Levine
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MLS Property Information Network, Inc. data last updated on October 08, 2026 04:59 PM - ET
Property Last Updated: October 08, 2026 04:59 PM - ET
