1-5 Cortes St Boston, MA 02116
Estimated payment $116,489/month
About This Home
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
Home Type
- Multi-Family
Year Built
- Built in 1910
Lot Details
- 5,794 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 15,108 Sq Ft Home
- 18 Fireplaces
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Full Bathrooms
Community Details
- 58 Units
- Property has 9 Levels
Listing and Financial Details
- Assessor Parcel Number 3348833
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,827 | $675,900 | $255,800 | $420,100 |
| 2024 | $7,367 | $675,900 | $255,800 | $420,100 |
| 2023 | $7,259 | $675,900 | $255,800 | $420,100 |
| 2022 | $7,354 | $675,900 | $255,800 | $420,100 |
| 2021 | $7,212 | $675,900 | $236,100 | $439,800 |
| 2020 | $7,138 | $675,900 | $236,100 | $439,800 |
| 2019 | $7,125 | $676,000 | $236,100 | $439,900 |
| 2018 | $6,985 | $666,500 | $225,500 | $441,000 |
| 2017 | $7,058 | $666,500 | $214,900 | $451,600 |
| 2016 | $7,046 | $640,500 | $199,100 | $441,400 |
| 2015 | $6,618 | $546,500 | $177,900 | $368,600 |
| 2014 | $6,749 | $536,500 | $158,600 | $377,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | For Sale | $22,000,000 | -- | $1,456 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $9,615,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $8,900,000 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73431804
APN: CBOS-000000-000005-001096
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