45 Broad St, Boston, MA 02109
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$8,000,000
11 Unit
9 Beds
12 Baths
13139 SQFT
0.04 Acre

Property Description

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.

Property Details tap to expand

Building Information

  • Total Units: 11
  • Total Floors: 4
  • Total Bedrooms: 9
  • Total Full Baths: 9
  • Total Half Baths: 3
  • Amenities: Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Finished, Full, Other (See Remarks)
  • Common Rooms: Kitchen, Living RM/Dining RM Combo
  • Common Interior Features: Bathroom with Shower Stall, Ceiling Fans, Heated Attic, Intercom, Internet Available - Broadband, Programmable Thermostat, Stone/Granite/Solid Counters, Walk-Up Attic
  • Common Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • Common Heating: Forced Air, Hydro Air, Individual, Oil
  • Common Cooling: Central Air, Individual, None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 571972
  • Gross Expenses: 123529
  • Net Operating Income: 449863

Utilities

  • Electric Info: Individually Metered
  • Energy Features: Insulated Windows, Prog. Thermostat
  • Utility Connections: Icemaker Connection, for Electric Dryer, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 2016
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73575427
  • Last Updated: 09/16/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/14/2026Active$8,000,000$609MLSPIN
09/10/2026New$8,000,000$609MLSPIN
05/27/2026Expired$50MLSPIN
05/27/2026Canceled$50MLSPIN
05/30/2025Active$50MLSPIN
05/26/2025New$50MLSPIN

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Seller's Representative: Eliott Levine, Olde Forge Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-09-16 16:58:00