423 Meridian St, Boston, MA 02128
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$1,400,000
3 Unit
12 Beds
3 Baths
3759 SQFT
0.06 Acre

Property Description

Fantastic 3-family in prime East Boston location offering over 3,700 sq ft of updated living space! Each unit features 4 spacious bedrooms, 1 bathroom, updated kitchens, flooring, windows, fresh paint, and direct-fire heating & hot water systems. Tenants are consistent with payments and maintain quality living standards. One unit may be delivered vacant at closing—perfect for an owner-occupant or value-add investor. Property includes private decks, laundry hookups, and a clean backyard. Located near Boston Harbor with easy access to bus lines, supermarkets, restaurants, and more. Strong existing cash flow with potential for increased returns. A rare opportunity to own a turnkey multi-family in one of Boston’s hottest neighborhoods!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 12
  • Total Full Baths: 3
  • Amenities: Bike Path, Conservation Area, Highway Access, House of Worship, Laundromat, Marina, Other (See Remarks), Park, Private School, Public School, Public Transportation, Tennis Court
  • Basement Features: Concrete Floor, Unfinished Basement

Financial

  • APOD Available: No
  • Expenses Source: Estimated
  • Gross Operating Income: 121200
  • Gross Expenses: 10000
  • Water/Sewer: 2400
  • INSC: 3400
  • Management Fee: 4200
  • Net Operating Income: 111200

Utilities

  • Heat Zones: 3
  • Electric Info: 200 Amps
  • Energy Features: Insulated Windows
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Tar & Gravel
  • Flooring Type: Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73433963
  • Last Updated: 09/26/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/26/2025Active$1,400,000$372MLSPIN
09/22/2025New$1,400,000$372MLSPIN

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Seller's Representative: AD Advisors Team, Block Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-09-26 03:05:00

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