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Home Massachusetts South Boston Multi-Family Homes for Sale

581 East Eighth Boston, MA 02127
44 Days on Boardwalk Properties
39
581 East Eighth, Boston, MA 02127
View Map
$1,775,000
2 Unit
5 Beds
3 Baths
2057 SQFT
0.09 Acre

Property Description

Opportunity strikes in vibrant South Boston! This 2 family gem holds THREE coveted parking spots (Southie gold!) and offers 2 spacious units: Unit 1 features 2 beds, 1 bath, and 850 sq ft, is renting for $3500/mo. Unit 2 is a sunny BILEVEL beauty with 3 beds, 2 baths, and 1207 sq ft, renting for $5000/mo (lease end: 8/31/25). Both units have private decks & in unit laundry! PARKING brings in an additional $325-400 per spot/month bringing the total rent roll to $9625 at full capacity! Unbeatable location: 0.2 miles to the beach, conveniently on a bus route and perfectly situated in the middle of all Southie has to offer while still enjoying the feels of East side residential living. Seller has drawn plans available for a rear expansion, potentially adding 1,689 sq ft and converting the third floor into a 3rd unit! Plans have not yet been permitted. Don’t miss out on this prime property with immense potential! Can also be sold as condos.
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Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Basement Features: Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Common Cooling: Central Air

Financial

  • APOD Available: No
  • Gross Operating Income: 102000
  • Net Operating Income: 102000

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 2 Family - 2 Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73299666
  • Last Updated: 10/28/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/12/2024Active$1,775,000$863MLSPIN
10/08/2024New$1,775,000$863MLSPIN
09/12/2024Expired$1,779,999$865MLSPIN
08/10/2024Active$1,779,999$865MLSPIN
08/06/2024Price Change$1,779,999$865MLSPIN
07/31/2024Active$1,799,999$875MLSPIN
07/27/2024Back on Market$1,799,999$875MLSPIN
07/22/2024Temporarily Withdrawn$1,799,999$875MLSPIN
07/17/2024Active$1,799,999$875MLSPIN
07/08/2024Price Change$1,799,999$875MLSPIN
06/25/2024Active$1,819,999$885MLSPIN
06/21/2024Price Change$1,819,999$885MLSPIN
06/19/2024Active$1,899,999$924MLSPIN
06/15/2024Price Change$1,899,999$924MLSPIN
06/09/2024Active$1,950,000$948MLSPIN
06/05/2024New$1,950,000$948MLSPIN
06/04/2024Canceled$2,200,000$1,070MLSPIN
05/23/2024Temporarily Withdrawn$2,200,000$1,070MLSPIN
05/04/2024Active$2,200,000$1,070MLSPIN
04/30/2024New$2,200,000$1,070MLSPIN

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Map

Seller's Representative: Brigid Murphy, Access
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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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.

MLS PIN data last updated at 2024-10-28 11:22:00

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