Prime investment opportunity in the heart of Jamaica Plain. 32 Forbes Street is a well-maintained three-family offering stable income, long-term upside, and an unbeatable location. Unit 1 spans the first floor and lower level with 3 bedrooms and 1 bath, while Units 2 and 3 each offer 2 bedrooms, an office, and 1 bath in bright, efficient layouts with strong rental appeal. Units 1 and 2 are tenant-occupied on leases; Unit 3 will be delivered vacant. Features include hardwood floors, laundry in the basement, and two tandem parking spaces. Separate utilities for each unit provide ease of management and lower owner expenses. Tenants enjoy easy access to the Stonybrook MBTA, Longwood Medical Center, Southwest Corridor Park, and JP’s shops and cafés—ensuring consistent demand and low vacancy. A turnkey asset with strong cash flow and future value-add potential in one of Boston’s most resilient rental markets.
— MLSPIN #: 73451595Map of 32 Forbes Street, Boston, MA 02130
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| List Price: | $1,450,000 |
|---|---|
| Status: | New |
| MLS ID: | 73451595 |
| Town: | Boston |
| Neighborhood: | Jamaica Plain |
| County: | Suffolk |
| Zip: | 02130 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family |
| Bedrooms: | 7 |
| Full Baths: | 3 |
| Living Area: | 3,089 sqft |
| Acres: | 0.06 |
| Taxes: | 14,550 |
| Flooring: | Hardwood |
| Heating: | Forced Air, Baseboard |
| Parking Features: | Paved Drive, Off Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1910 |
| Roof: | Rubber |
| Directions: | Centre Street to Forbes - Hyde Square Area |
| Foundation Details: | Stone |
| Electric: | Circuit Breakers |
| Listing Contract Date: | 2025-11-05 |
| Heating?: | Yes |
| Lot Size Area: | 0.06 |
| Lot Size Square Feet: | 2,438 |
| Rooms Total: | 15 |
| Bathrooms Total Integer: | 3 |
| Basement: | true |
| Basement: | Full, Walk-Out Access, Concrete |
| Building Area Source: | Public Records |
| Building Area Total: | 3,089 |
| Community Features: | Public Transportation, Shopping, Tennis Court(s), Park, Medical Facility, Laundromat, Public School, T-Station, University |
| Interior Features: | Living Room, Kitchen |
| Levels: | 7 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Open Parking?: | Yes |
| Parcel Number: | 1349681 |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range |
| Zoning: | 3F-5000 |
| Stories Total: | 7 |
| Year Built Source: | Public Records |
| Disclosures: | Units 1 and 2 are leased through August 31st, 2026. Unit 3 is delivered vacant. |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $109,200 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | No |
| Levels 1: | 3 |
| Levels 2: | 1 |
| Levels 3: | 3 |
| Listing Alert: | No |
| List Price Per Sqft: | $469.41 |
| Page: | 94 |
| Price Per Sqft: | $469.41 |
| Sewage District: | BOS |
| Square Feet Incl Base: | No |
| Year Round: | Yes |
| Net Operating Income: | $109,200 |
| Original List Price: | $1,450,000 |
| Parking Total: | 2 |
| Tax Assessed Value: | $1,245,000 |
| Tax Year: | 2025 |
| Total Actual Rent: | $9,100 |
| Year Built Details: | Actual |
| Waterview Flag: | No |
| Bedrms 1: | 3 |
| Bedrms 2: | 2 |
| Bedrms 3: | 2 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| Hot Water: | Natural Gas |
| Rent1: | 3,300 |
| Rent2: | 2,900 |
| Rent3: | 2,900 |
Disclaimer:
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on November 06, 2025 10:43 AM
Property Last Updated: November 06, 2025 09:12 AM
Listing Courtesy of: Real Broker MA, LLC
Listing Agent: Adams & Co. Team
