45 Thorndike, Boston MA 02118

Boston, MA 02118
$1,299,999
Est. $7,619/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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8
Beds
3
Baths
2,628
Sq Ft
$495
Price/Sq Ft
0.03
Acres
1900
Year Built
New today
Time on Market
For Sale Listed Oct 26, 2026 • MLS# 73594957 Copied! • Updated Oct 26, 2026

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About this home

RARE BELOW MARKET OPPORTUNITY with significant equity and cash flow upside in coming years. Renovated 3 family brick row house in Boston's desirable South End zip code of 02118, including a total of 8 bedrooms, 3 bathrooms and a total of 3,504sqft. All 3 units are rented with high performing leases. Detailed rent roll and full 2025/2026 P&L available upon request. Unit 1: 2 bedroom, 1 bath - $2,278/month (80% AMI), Unit 2: 3 bedroom, 1 bath - $1,948/month (60% AMI), Unit 3: 3 bedroom, 1 bath - $2,500/month (80% AMI). No BPDA restrictions on the sale or buyer qualifications. Rent limit restrictions (AMI percentages above) will expire in 2038, unlocking full market value rents. Full deed restriction details, including title insurance verification of 2038 expiration available upon request. Currently offered at a cap rate of ~5, with substantial upside in future years, as AMI limits increase and with the eventual expiration of deed restriction in 2038. Recent improvements include: full lead paint compliance/certification, plumbing, new indirect water heaters (2), refurbished gas boiler systems (3), reinforced masonry - basement and exterior. Completely renovated entranceway, including new front stairs, new front door and digital locking system, new entranceway paneling and lighting. New appliances (unit 1 stove and unit 2 fridge)

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Price & Status History

Property Timeline

🏠
Listed for Sale
Oct 26, 2026
$1,299,999
Original listing
Agent: Jason G. Mahoney Esq. Office: Vitruvius Realty

Tax History

Year Taxes Assessment
2027 $10,150 $811,400

Financial Details

Annual Property Tax
$10,150
Tax Year 2027
Assessed Value
$811,400

Facts & Features

Home Facts

Type Residential Income
Style 3 Family - 3 Units Up/Down
Year Built 1900
Living Area 2,628 sq ft
Lot Size 0.03 acres
Stories 3
Bedrooms 8
Full Baths 3
Total Rooms 14

Investment Metrics

Units 3
Unit 1 Rent $2,278/mo · Y
Unit 2 Rent $1,948/mo · Y
Unit 3 Rent $2,500/mo · Y
Total Monthly Rent $6,726/mo
Gross Income $80,712
Net Operating Income $80,712
Cap Rate 6.21%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full, Walk-out Access, Unfinished
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing Fenced/enclosed
Patio/Porch None
Features None
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $10,150
Assessed Value $811,400
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Certified Treated
Seller Disclosures Subject To Bpda Restriction Until 2038
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Suffolk

Property Overview

Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
8
Full Bathrooms
3
Living Area
2,628 sq ft
Total Rooms
14
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full, Walk-Out Access, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof:
Foundation: Brick/Mortar
Stories: 3

Utilities & Systems

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing: Fenced/Enclosed
Other Structures:
Lot Features: Level
Road Surface:

Parking & Garage

Parking Features:
School District
Boston School District local
C-
🎓 Where Graduates Go Class of 2021
52% attend college
38% 4-Year 14% 2-Year 7% Out of State 7% Working
⚠ School Safety 2024-25
3.7% Above Average
3.2% Suspensions 0.3% In-School 0.5% Emergency
↓ 1.8% below state avg
E

Elementary Schools

10 schools
D
Orchard Gardens K-8 School
0.2 mi | #325 of 352 | Score: 28.8
Improved 14 spots from last year
-29.4 below state avg
716 students Diverse
Grades PK-08
C
Hurley K-8 School
0.4 mi | #259 of 352 | Score: 35.7
Dropped 24 spots from last year
-22.5 below state avg
337 students Moderate
Grades PK-08
D
Perkins Elementary School
0.4 mi | #766 of 825 | Score: 31.2
Improved 35 spots from last year
-27 below state avg
201 students Diverse
Rising School Diverse Student Body
Grades PK-06
F
Blackstone Elementary School
0.7 mi | #808 of 825 | Score: 26.2
Improved 13 spots from last year
-32 below state avg
572 students Moderate
Grades PK-06
B
Excel Academy Charter School
0.7 mi | #149 of 346 | Score: 56.4
Improved 166 spots from last year
-1.9 below state avg
1,376 students Moderate
High Graduation Rate Rising School
Grades 05-12
D
Melvin H. King South End Academy
0.8 mi | #24 of 25 | Score: 20.4
Improved 363 spots from last year
-37.8 below state avg
80 students Diverse
Rising School
Grades PK-12
C
Hale Elementary School
0.8 mi | #589 of 825 | Score: 41.3
Dropped 288 spots from last year
-16.9 below state avg
167 students Diverse
Diverse Student Body
Grades PK-06
F
Tobin K-8 School
1.0 mi | #344 of 352 | Score: 24.6
Dropped 8 spots from last year
-33.6 below state avg
355 students Diverse
Grades PK-08
C-
Winthrop Elementary School
1.1 mi | #670 of 825 | Score: 37.4
Dropped 176 spots from last year
-20.8 below state avg
256 students Diverse
Grades PK-06
Our Lady of Perpetual Help Mission Grammar School
1.1 mi
Grades K-08
M

Middle Schools

10 schools
F
Higginson/Lewis K-8 School
0.9 mi | #349 of 352 | Score: 23.2
Improved 3 spots from last year
-35 below state avg
246 students Diverse
Grades 03-08
Nativity Prep School
1.4 mi
Grades 05-08
Middle School Academy
1.4 mi
A
Uncommon Schools - Roxbury Preparatory Dorchester Campus Middle School
1.5 mi | #4 of 16 | Score: 42.5
Improved 187 spots from last year
-15.7 below state avg
1,225 students Diverse
Rising School College Ready Curriculum
Grades 05-08
Dearborn Middle School
1.8 mi
Mother Caroline Academy
1.8 mi
Grades 05-08
Epiphany School
2.8 mi
Grades 05-08
C
Ohrenberger School
6.1 mi | #266 of 352 | Score: 35.0
Improved 19 spots from last year
-23.2 below state avg
458 students Diverse
Diverse Student Body
Grades 03-08
Timilty Middle
0.7 mi
UP Academy
1.4 mi
H

High Schools

10 schools
B
Dearborn STEM Academy
0.5 mi | #13 of 25 | Score: 33.4
Improved 356 spots from last year
-24.8 below state avg
565 students Moderate
10 sports • 242 athletes
Early College Program Rising School
Grades 07-12
A-
O'Bryant School of Math & Science
0.6 mi | #90 of 346 | Score: 61.6
Improved 94 spots from last year
+3.4 above state avg
1,518 students Very Diverse
High Graduation Rate Rising School College Ready Curriculum Diverse Student Body
Grades 07-12
Cathedral High School
0.7 mi
9 sports • 430 athletes
Grades 07-12
A+
Boston Latin School
1.2 mi | #20 of 346 | Score: 73.7
Improved 60 spots from last year
+15.5 above state avg
2,382 students Very Diverse
18 sports • 2,006 athletes
Strong AP Program High Graduation Rate Rising School Strong Athletics
Grades 07-12
A+
Boston Latin Academy
1.2 mi | #2 of 25 | Score: 64.9
Improved 214 spots from last year
+6.7 above state avg
1,669 students Very Diverse
17 sports • 1,298 athletes
Strong AP Program High Graduation Rate Rising School Strong Athletics
Grades 07-12
C
Quincy Upper School
1.3 mi | #279 of 346 | Score: 44.4
Dropped 7 spots from last year
-13.8 below state avg
575 students Very Diverse
12 sports • 208 athletes
Diverse Student Body
Grades 06-12
Newman School
1.3 mi
Grades 07-12
Meridian Academy
1.9 mi
Grades 06-09
C
Ruth Batson Academy
2.1 mi | #20 of 25 | Score: 29.1
Improved 345 spots from last year
-29.1 below state avg
584 students Diverse
8 sports • 128 athletes
Early College Program Rising School
Grades 07-12
D
English High School
2.4 mi | #328 of 346 | Score: 28.9
Improved 30 spots from last year
-29.3 below state avg
653 students Diverse
8 sports • 332 athletes
Rising School Career Tech Programs
Grades 07-12
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Monthly Payment Breakdown

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Property Tax $846
Homeowners Insurance $200
PMI (if <20% down) $0

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Year 15
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Location

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Neighborhood

45 Thorndike, Boston MA 02118

Boston, MA 02118

Listing Information

Listing Agent Jason G. Mahoney Esq.
Listing Office Vitruvius Realty
Office Phone 617-839-2093
Agent MLS ID NB112762
Office MLS ID NB3511
Listing Data Updated Oct 26, 2026 7:07 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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