Multi-Family for Sale: 29-35 Temple Place, Boston, MA 02110

42 beds
32 full baths
26,600 sqft
$30,000,000
$30,000,000
29-35 Temple Place, Boston, MA 02110
42 beds
32 full baths
26,600 sqft
$30,000,000
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Price:
$30,000,000
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Type Multi-Family
Beds 42
Total Baths 32 full baths
Square Feet 26,600 sqft
Lot Size 0.11 acres
Year Built 1895
City Boston
County Suffolk
MLS 73296327
Status Active
DOM 46 days
Presenting 29-35 Temple Place (“Temple Place Suites”), which is a 26,600 square foot, 6-story, mixed-use (residential over retail), elevator building, located in the heart of downtown Boston (just feet from Boston Common). Temple Place Suites Suites is designated with a Lodging License for 48 units (although the building is currently configured with only 42), and the current owner operates the residential portion (floors 2 through 6) as short-term, furnished, Airbnb style, rentals. There is a significant Value-Add Opportunity for the next owner to grow revenue by: (i) increasing the room count up to the permitted 48 units (this alone represents a 14.3% increase), (ii) increasing the average unit rental rate which is significantly below market, and (iii) potential additional density increase (current FAR is 8.0). The commercial portion of the building (floors 1 and basement) is fully occupied by one tenant (a micro-brewery, restaurant, and taproom). Apartment furnishings are included.

Lot & Building Features

Construction Frame
Sewer Public Sewer
Tax Year 9999
Taxes Paid $9
Water Public
Foundation Concrete Perimeter, Slab
Roof Rubber
Full Baths 32
Total Rooms 42
Garage Spaces 0
Fireplaces 18

Price History of 29-35 Temple Place

Date Name Price Difference
09/30/2024 Listing Price $30,000,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Jenn Poliseno
Jenn Poliseno
Realtor
Direct: 978-430-2917
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Cushman & Wakefield, Christopher Sower
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29-35 Temple Place (MLS #73296327) is a multi-family listing located in Boston, MA. This multi-family listing is 26,600 sqft and on a lot of 4,578 sqft (or 0.11 acres) with 42 bedrooms, 32 baths and is 129 years old. This property was listed on 09/30/2024 and has been priced for sale at $30,000,000.

Nearby zip codes are 02108, 02111, 02113, 02124 and 02135.

MLS PIN

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Listing information courtesy of: Cushman & Wakefield

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