A three-unit multifamily home in Roxbury. This property must have all three units rented under the BPDA/BRA Inclusionary Development Policy (IDP). The units cannot be owner-occupied, and renters must be approved through a BPDA lottery conducted after the sale of the building. Unit 1 is a two-bedroom unit that can be rented at 80% AMI, with a current maximum rent of $2,033. Unit 2 is a three-bedroom unit eligible for rental at 60% AMI, with a current maximum rent of $1,678, and is currently rented at $1,600 per month. Unit 3 is a three-bedroom unit that can be rented at 80% AMI, with a current maximum rent of $2,280. The property is listed below market value, and rental restrictions are in effect until July 31, 2038.
This listing has been viewed 31 times in the past 29 days
Last Updated: November 22nd, 2024 at 8:08am
General Information for 45 Thorndike St, Boston, Massachusetts 02118
Property TypeResidential Income
Property Sub TypeMulti Family
Price$950,000
Price per sqft$361.49
MLS #73306187
Handicap Access / FeaturesNo
List Date2024-10-24
Special Listing Conditions
StateMassachusetts
Street NameThorndike St
CityBoston
Zip Code02118
CountySuffolk
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date09/01/2025
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total2628
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress45 Thorndike St, Boston MA 02118
Zoning
Interior Features for 45 Thorndike St, Boston, Massachusetts 02118
* Approx. Living Area Total2,628 sq ft
Living Area Includes BasementNo
Bedrooms8
* # Fireplaces0
Bathrooms (Total)3
Full Baths3
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door Features
ElectricNo
Electric$0
MLS Area (Major)Roxbury
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_23
MLSPIN_BEDRMS_33
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_12
MLSPIN_F_BTHS_23
MLSPIN_F_BTHS_33
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 45 Thorndike St, Boston, Massachusetts 02118
* Approximate Lot Size0.03 acres
Covered Parking Spaces0
Lot FeaturesOther
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1900
Year Built Details
Year Built SourcePublic Records
Construction Materials
Exterior Features
Foundation Area
Foundation MaterialsOther
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)1,100 Sqft
Disclosures for 45 Thorndike St, Boston, Massachusetts 02118
Buyer Agent Compensation2.5
ContingencyInspection
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintYes
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType%
Financial Information for 45 Thorndike St, Boston, Massachusetts 02118
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$19,200
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT10
MLSPIN_RENT21600
MLSPIN_RENT3
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$19,200
OperatingExpense$0
OriginalListPrice$1,200,000
RENT_FEE_INCLUDES
TOTAL_RENT1600
WaterSewerExpense$0
Lifestyle Information for 45 Thorndike St, Boston, Massachusetts 02118
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 45 Thorndike St, Boston, Massachusetts 02118
Elementary School
Middle School
High School
NumberOfUnitsTotal3
Marketing History for 45 Thorndike St, Boston, Massachusetts 02118
MLSPIN_MARKET_TIME_BROKER28
MLSPIN_MARKET_TIME_PROPERTY28
PurchaseContractDate2024-11-20
Agent Information for 45 Thorndike St, Boston, Massachusetts 02118