Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

1 Five Cortes St, Boston, MA, 02116

9beds
9baths
15,108sqft
$22,000,000
$1,456price/sqft
$130,812/moest. monthly cost
$5,232,480/yrincome needed

About This Home

Presenting Arlington & Cortes, a portfolio of four (4) beautiful brownstone buildings - 1-5 Cortes Street and 143 Arlington Street - featuring 58 furnished short term rental units, located in Boston's Bay Village/Back Bay. Each building is a licensed lodging house enabling the short term rental operation. The building interiors are updated and recent building capital improvements include new roofs, re-pointed facades and life safety systems. The properties are situated in Boston’s most coveted neighborhood - Bay Village/Back Bay, surrounded by demand generators and incredible amenities. The properties are convenient to public transportation/subways and major highways (I-90, I-93), and centrally located to Boston’s employment hubs in the Back Bay, Financial District, and Longwood Medical Area. The portfolio presents a unique combination of value-add potential through enhanced occupancy and operations, with incredibly stable existing cash flow.

Getting Around

99
WalkingWalker's Paradise
100
TransitRider's Paradise
81
BikeVery Bikeable

Schools

7/10
3/10
Quincy Upper SchoolGrades 6-120.0 mi
--
Boston Adult AcademyGrades 11-120.1 mi

Construction

Condition

  • Year built: 1910

Materials

  • Foundation: Concrete Perimeter
  • Roof: Rubber
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: 5+ Family - Rooming House

Interior

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 9
  • Full bathrooms: 9

Features

  • Number of fireplaces: 18
  • Fireplace: Yes
  • Finished area above ground: 15,108

Interior Area

  • Total structure area: 15,108
  • Total interior livable area: 15,108 sqft

Property

Details

  • Parcel number: 3348833
  • Zoning: 9

Lot

  • Lot size: 5,794 sqft
  • Features: Other