Property Description

Massive three-family in South Boston’s coveted East Side, just steps from the beach, 893 East 4th Street is a phenomenal investment property generating nearly $21,000 per month in gross rental income. Inside are three spacious, modern, and tastefully renovated units, ideally configured to maximize returns in one of the nation’s strongest rental markets. Unit 1 features 4 bedrooms and 2 baths, while Units 2 and 3 each offer 5 bedrooms and 2 baths. Each unit boasts modern finishes, open-concept layouts, updated kitchens with quartz countertops, stainless steel appliances, brass hardware, in-unit laundry, central air conditioning, and expansive private decks perfect for entertaining or relaxing outdoors. The building also offers an enormous fenced-in yard, updated systems, and an unfinished basement. Just moments from the beach, Castle Island, parks, restaurants, and public transit. Rare opportunity to own a turnkey, trophy asset in one of Boston’s most sought-after neighborhoods.

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Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 14
  • Total Full Baths: 6
  • Amenities: Highway Access, Park, Public Transportation, Shopping, Tennis Court, T-Station, Walk/Jog Trails
  • Basement Features: Unfinished Basement
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 251400
  • Gross Expenses: 43953
  • Water/Sewer: 2520
  • INSC: 4853
  • Repairs & Maintenance: 3600
  • Management Fee: 1200
  • Miscellaneous Expense: 1620
  • Net Operating Income: 237607

Utilities

  • Heat Zones: 3
  • Cooling Zones: 3
  • 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: 1905
  • Type: 3 Family
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73397007
  • Last Updated: 06/27/25

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Seller's Representative: Kathryn Jacobi, Terrier Real Estate
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 2025-06-27 13:01:00

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