390 Centre Street

A rare mixed-use three-family opportunity in the heart of Hyde Square, Jamaica Plain, set directly on Centre Street at the Hyde Square rotary—a true center-of-activity location within one of Boston’s most established neighborhood commercial hubs. This is the kind of address investors recognize: visible, central, and surrounded by everyday demand drivers that support long-term tenancy for both residential and commercial users.

The building is configured as two one-bedroom, one-bath residential apartments above a street-level commercial space. The commercial unit has historically been used as professional office space—think attorney, accounting, and real estate uses—while offering the kind of frontage and positioning that can also support retail-style uses, subject to buyer due diligence and verification. For investors seeking a mixed-use asset with flexible demand, this layout aligns well with a range of tenant profiles and business models.

From an income perspective, the property is positioned as a true investor purchase. The residential leases are in place through August 2026, and the commercial tenancy is at will. The annual gross income is reflected in the MLS details, and the ownership perspective indicates a capitalization rate in the range of approximately five percent in a commercially strong Hyde Square location (buyers to verify all financials and assumptions independently).

Operationally, the building offers elements that many owners appreciate when evaluating a smaller mixed-use asset. Utilities are electric-only (no fossil fuels) and the property is separately metered, supporting straightforward utility allocation and expense tracking. The building is also set on a solid slab and brick foundation with no basement, a factor that can simplify certain categories of ongoing ownership and maintenance planning compared with older basements common in the area.

This is Centre Street in Jamaica Plain, at the Hyde Square rotary—close by to neighborhood services, restaurants, local businesses, and major transit connections that serve the broader Boston market. The location is positioned between multiple public transportation options, including the MBTA Orange Line, the 39 bus route, and the MBTA Green Line, giving residents and commercial tenants a range of commuting and access options without requiring on-site parking. The property is street-parking only, which also reduces the maintenance burden and liability that can come with parking lots or driveways.

If you are focused on acquiring an income property in Jamaica Plain—specifically Hyde Square on Centre Street—this mixed-use three-family offers a clear, functional unit mix in a high-visibility neighborhood node with durable tenant demand drivers.