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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 58 |
| Living area | 15,108 sqft |
| Lot size | 5,794 sqft |
| Year built | 1910 |
| Price / sqft | $1,456 |
| County | Suffolk |
| MLS # | 73431804 |
Listing status
| Days on market | 4 days |
| Listed on | September 17, 2025 |
Taxes & financials
| Annual property tax | $9 |
| Tax year | 2099 |
| Assessed value | $9 |
| Zoning | 9 |
| Gross income (actual) | $0/yr |
| Net operating income (actual) | $0/yr |
| Total actual rent | $19,998/mo |
Building & lot
| Stories | 18 |
| Total rooms | 18 |
| Lot size | 0.13 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Foundation | Concrete Perimeter |
| Roof | Rubber |
| Construction | Brick |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of Cushman & Wakefield — Christopher Sower. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 1-5 Cortes Street, Boston MA 02116 have?
It is a 58-unit multi-family property with 15,108 sqft of living area, built in 1910.
How long has 1-5 Cortes Street, Boston MA 02116 been on the market?
1-5 Cortes Street, Boston MA 02116 has been listed for 4 days (since September 17, 2025).
What is the estimated cap rate on this 58-family in Boston?
Based on area median rents, the estimated cap rate is about 6.8%, with a Signal Score of 98/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $22,000,000 across 58 units, that works out to roughly $379,310 per unit.
What are the property taxes on 1-5 Cortes Street, Boston MA 02116?
Annual property taxes are $9 (2099), on an assessed value of $9.
What is the price per square foot?
At $22,000,000 for 15,108 sqft, that's about $1,456 per square foot.
Where is this property located?
1-5 Cortes Street, Boston MA 02116 is in Boston, Suffolk County, MA 02116.
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