32 Forbes Street, Boston, MA 02130
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$1,450,000
3 Unit
7 Beds
3 Baths
3089 SQFT
0.06 Acre

Property Description

Prime investment opportunity in the heart of Jamaica Plain. 32 Forbes Street is a well-maintained three-family offering stable income, long-term upside, and an unbeatable location. Unit 1 spans the first floor and lower level with 3 bedrooms and 1 bath, while Units 2 and 3 each offer 2 bedrooms, an office, and 1 bath in bright, efficient layouts with strong rental appeal. Units 1 and 2 are tenant-occupied on leases; Unit 3 will be delivered vacant. Features include hardwood floors, newer roof and windows, and two tandem parking spaces. Separate utilities for each unit provide ease of management and lower owner expenses. Tenants enjoy easy access to the Stonybrook MBTA, Longwood Medical Center, Southwest Corridor Park, and JP’s shops and cafés—ensuring consistent demand and low vacancy. A turnkey asset with strong cash flow and future value-add potential in one of Boston’s most resilient rental markets.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 7
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Amenities: Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, Tennis Court, University
  • Basement Features: Concrete Floor, Full, Walk Out
  • Common Rooms: Kitchen, Living Room
  • Common Heating: Forced Air, Gas, Hot Air Gravity, Hot Water Baseboard, Oil

Financial

  • APOD Available: No
  • Gross Operating Income: 109200
  • Net Operating Income: 109200

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: BOS

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 3

Construction

  • Year Built: 1910
  • Type: 3 Family
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73451595
  • Last Updated: 11/05/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/05/2025New$1,450,000$469MLSPIN

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Seller's Representative: Adams & Co. Team, Real Broker MA, LLC
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 2025-11-05 13:15:00