428-432 East Third Street, Boston, MA 02127
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$4,000,000
9 Unit
9 Beds
18 Baths
8024 SQFT
0.06 Acre

Property Description

Presenting 428-432 E Third St, a tremendous investment opportunity located in the heart of South Boston comprised of a 3 story, 9-unit apartment building. Although meticulously maintained by ownership, the property presents significant value-add opportunity to increase rents through cosmetic improvements. The property is currently 100% leased at below market rents. Additionally, the property presents a potential condominium conversion opportunity. 428-432 E Third is part of a larger portfolio with 444 E Third St, the longtime home of USPS. The two sites total 21,543 SF of development potential.

Property Details tap to expand

Building Information

  • Total Units: 9
  • Total Floors: 18
  • Total Bedrooms: 9
  • Total Full Baths: 9
  • Total Half Baths: 9
  • Total Fireplaces: 18

Financial

  • APOD Available: No
  • Gross Operating Income: 999999
  • Net Operating Income: 999999

Utilities

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

Unit 1 Description

  • Under Lease: No
  • Floors: 9
  • Levels: 9

Unit 2 Description

  • Under Lease: No
  • Floors: 9
  • Levels: 9

Construction

  • Year Built: 1899
  • Type: 5-9 Family
  • Construction Type: Brick, Stone/Concrete
  • Foundation Info: Brick, Poured Concrete
  • Roof Material: Rubber
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73389286
  • Last Updated: 06/11/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/11/2025New$4,000,000$499MLSPIN
05/15/2025Temporarily Withdrawn$4,150,000MLSPIN
04/13/2025Active$4,150,000MLSPIN
04/09/2025Price Change$4,150,000MLSPIN
03/14/2025Active$4,500,000MLSPIN
03/10/2025New$4,500,000MLSPIN

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Seller's Representative: Christopher Sower, Cushman & Wakefield
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-11 12:50:00

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