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Home Massachusetts South Boston Multi-Family Homes for Sale

550 E 3rd Street Boston, MA 02127
NEW
15
550 E 3rd Street, Boston, MA 02127
View Map
$1,850,000
3 Unit
6 Beds
3 Baths
2501 SQFT
0.02 Acre

Property Description

550 E 3rd Street consists of a three-story building containing three (3), 2-Bedroom/1-Bathroom units. The building has separate utilities and the tenants are responsible for their own electricity, gas fired heat (forced air), hot water, central air conditioning, and a gas stove. The building is also fully sprinklered. Unit three has been renovated and features hardwood floors, white shaker cabinets and quartz countertops. Unit one features hardwood floors, and both units one and two will benefit from cosmetic updates to the flooring (unit two), kitchen cabinets and bathrooms. The Property has been well maintained and is currently leased at below market rates offering the opportunity to significantly increase rents to market rates via programmatic updates to the unrenovated units. 550 E 3rd Street offers the opportunity to acquire a fully leased investment in an exceptional, urban-infill location.
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Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public Transportation, Shopping, T-Station, University

Financial

  • APOD Available: Yes
  • Gross Operating Income: 124800
  • Gross Expenses: 19356
  • Net Operating Income: 105444

Utilities

  • Electric Info: Individually Metered
  • 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: 1

Construction

  • Year Built: 2000
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73404193
  • Last Updated: 07/14/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/14/2025New$1,850,000$740MLSPIN
03/30/2024Expired$1,925,000$625MLSPIN
02/29/2024Temporarily Withdrawn$1,925,000$625MLSPIN
02/26/2024Extended$1,925,000$625MLSPIN
02/11/2024Active$1,925,000$625MLSPIN
02/07/2024Price Change$1,925,000$625MLSPIN
02/05/2024Active$2,000,000$650MLSPIN
02/01/2024Reactivated$2,000,000$650MLSPIN
02/01/2024Expired$2,000,000$650MLSPIN
12/19/2023Active$2,000,000$650MLSPIN
12/15/2023New$2,000,000$650MLSPIN
12/04/2023Killed$1$0MLSPIN
12/04/2023Killed$1$0MLSPIN
11/30/2023Temporarily Withdrawn$1$0MLSPIN
11/27/2023New$1$0MLSPIN

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Map

Seller's Representative: Kelleher - Pentore Team, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
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 2025-07-14 16:25:00

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