$1,500,000
About this home
Exceptional Jamaica Plain three-family investment opportunity! Fully tenanted and generating $129,300 in annual rental income with a 6.5% cap rate, this 2006-built property is ideally situated just three blocks from the Stony Brook T stop. Featuring three spacious renovated residences, four off-street parking spaces, modern systems and meaningful rental upside, 164 Boylston Street combines strong in-place income with compelling long-term growth potential. The unit mix includes one 2-bedroom, 2-bath residence and two 3-bedroom, 2-bath residences, each featuring a primary bath, granite countertops, stainless steel appliances, central air, in-unit laundry and separately metered heat, hot water and electricity. The second- and third-floor residences enjoy private rear balconies, while the first-floor unit offers wheelchair accessibility. Additional amenities include three large private basement storage rooms, individual power-vented hot water tanks and a building-wide sprinkler system. Currently generating $10,775 per month in gross rental income, the property delivers immediate cash flow with existing rents below estimated market levels. Projected rents for the 2027/2028 rental cycle total $11,700 monthly, or $140,400 annually, representing $11,100 in potential additional annual gross income as leases turn over. Ideally situated near the Orange Line, Southwest Corridor and Longwood Medical Area, residents enjoy convenient access to major employment centers, Jamaica Pond, Franklin Park, Café Ula, Chilacates, the Sam Adams Brewery and Jamaica Plain's vibrant collection of restaurants, shops and neighborhood amenities. A compelling opportunity to acquire a turnkey, income-producing multifamily property with parking, modern construction, established rental income and significant future upside in one of Boston's most desirable rental markets.
Property details
- MLS
- MLS Property Information Network
- MLS #
- 73587007
- Property type
- 3 Family - 3 Units Up/Down
- Subdivision
- N/A
- Status
- Active
- Days on market
- 18
- On market date
- October 6, 2026
- Stories
- 3
- Total bathrooms
- 6
- Garage spaces
- N/A
- Parking spaces
- 4
- Lot size
- 0.08 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 261
- Student:teacher ratio
- 11.3:1
- District
- Boston
- Enrollment
- 188
- Student:teacher ratio
- 7.5:1
- District
- Boston
- Enrollment
- 83
- Student:teacher ratio
- 8.3:1
- District
- Boston
Walkability
Blended score for Boston's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Boston, from live MLS data.
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 2 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.