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.
Property Details
Property Features
Property Information:
Year Built: 1895
Living Area: 26,600 SqFt
Listing Office:
Office Name: Cushman & Wakefield
Office Phone: (617) 204-4134
Listing Agent: Christopher Sower
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 32
Total Bedroom Count: 42
Lot Features
Lot Information:
Lot: Other
Lot Size: 0.11 Acres
Other
Directions Information:
Directions: Located off Tremont Street in Downtown Crossing
Price Information
Listing Price Info
Price Summary:
List Price: $30,000,000
Price Per SqFt: $1,128/SqFt
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Housing Market Comparison
See how this home compares to others in Boston, MA.
This property is $29.1M more than the Median Sold Price and $467/SqFt more than other homes in Boston, MA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MLS Property Information Network
MLS Number: #73296327
Listing Office:
Office Name: Cushman & Wakefield
Office Phone: (617) 204-4134
Listing Agent: Christopher Sower
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 6:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Josiah Quincy Elementary School
885 Washington St
Distance between this listing and this school0.51 miles
Public District Grades PK-5
3
/10
Blackstone Innovation School
380 Shawmut Ave
Distance between this listing and this school1.11 miles
Public District Grades PK-5
5
/10
Harvard / Kent Elementary School
50 Bunker Hill St
Distance between this listing and this school1.52 miles
Public District Grades PK-5
Nearby Schools
8
/10
Eliot K-8 School
16 Charter St
Distance between this listing and this school0.88 miles
Public District Grades PK-8
2
/10
James Condon K-8 School
200 D St
Distance between this listing and this school1.23 miles
Public District Grades PK-8
6
/10
Joseph J. Hurley K-8 School
70 Worcester St
Distance between this listing and this school1.37 miles
Public District Grades PK-8
Nearby Schools
1
/10
Boston Adult Technical Academy
20 Church St
Distance between this listing and this school0.54 miles
Public District Grades 9-12
3
/10
Quincy Upper School
152 Arlington St
Distance between this listing and this school0.58 miles
Public District Grades 6-12
2
/10
Snowden International School At Copley
150 Newbury St
Distance between this listing and this school0.88 miles
The neighbors living near this home have an average income of $14,714. The most common annual income of people living in Boston, MA is less than $35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
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This home is located at 29-35 Temple Pl in Boston, MA and zip code 02110 in the Downtown neighborhood. This 26,600 square foot home, which was built in 1895, sits on a 0.11 acre lot. Features: 42 bedrooms, 32 bathrooms. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $30,000,000.
While more than 106 listings in Boston, MA in October 2024 were sold above asking price, there were more than 49 listings sold at asking price, and more than 167 were sold below. The number of listings in Boston, MA increased by 9.7% between September 2024 and October 2024. In October 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $815,961.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
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