Prime South Boston 3-Unit Multifamily Opportunity. An exceptional investment opportunity in the heart of South Boston, 388 Athens Street is a brand-new, ground-up construction 3-unit multifamily building completed in 2024. This boutique elevator building offers three thoughtfully designed 2-bedroom, 2-bathroom units—each featuring open floor plans, quartz countertops, stainless steel appliances, central heat and AC, and in-unit laundry. Designed with both luxury and functionality in mind, the property includes four garage parking spaces, an increasingly rare amenity in this highly sought-after location. Perfectly positioned near the vibrant intersection of East and West Broadway, residents enjoy immediate access to the best of South Boston’s dining, shopping, beaches, and parks—appealing to both owner-occupants and renters alike. All three units offer strong rental income, making this a turn-key investment in one of Boston’s most desirable neighborhoods.
— MLSPIN #: 73375550Map of 388 Athens St, Boston, MA 02127
| Start Time: | End Time: | Comments: |
|---|---|---|
| 05-17-2025 11:00 AM | 05-17-2025 12:30 PM | |
| 05-18-2025 11:00 AM | 05-18-2025 12:30 PM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| List Price: | $3,150,000 |
|---|---|
| Status: | New |
| MLS ID: | 73375550 |
| Town: | Boston |
| Neighborhood: | South Boston |
| County: | Suffolk |
| Zip: | 02127 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family |
| Bedrooms: | 6 |
| Full Baths: | 6 |
| Living Area: | 4,620 sqft |
| Acres: | 0.04 |
| Taxes: | 16,587 |
| Lot Features: | Level |
| Parking Features: | Deeded |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 2024 |
| Directions: | Dorchester Street to Athens Street |
| Foundation Details: | Concrete Perimeter |
| Postal Code Plus4: | 2226 |
| Listing Contract Date: | 2025-05-15 |
| Garage?: | Yes |
| Lot Size Area: | 0.04 |
| Lot Size Square Feet: | 1,859 |
| Rooms Total: | 15 |
| Bathrooms Total Integer: | 6 |
| Building Area Source: | Other |
| Building Area Total: | 4,620 |
| Community Features: | Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University |
| Levels: | 9 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Parcel Number: | W:06 P:01865 S:000, 1412390 |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Zoning: | R3 |
| Covered Spaces: | 4 |
| Garage Spaces: | 4 |
| Stories Total: | 9 |
| Year Built Source: | Public Records |
| Disclosures: | Pictures of PH unit. Units rented until August 31, 2025. Also being sold as potential condos. |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Gross Income: | $167,400 |
| Listing Agreement: | Exclusive Right To Sell |
| Listing Terms: | Assumable |
| Apod Available: | No |
| Comp Based On: | Net Sale Price |
| Cooling Units: | 3 |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 2 |
| Flrs 2: | 3 |
| Flrs 3: | 4 |
| Heat Units: | 3 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $681.82 |
| Page: | 00 |
| Price Per Sqft: | $681.82 |
| Square Feet Disclosures: | Total livable area is 3, 430 (Unit 1: 1100 sf, Unit 2, 11:00 sf and unit 3: 1, 230sf) |
| Square Feet Incl Base: | No |
| Sub Agency Offered: | No |
| Uffi: | No |
| Year Round: | Yes |
| Net Operating Income: | $167,400 |
| Original List Price: | $3,150,000 |
| Parking Total: | 4 |
| Tax Assessed Value: | $1,432,400 |
| Tax Year: | 2025 |
| Total Actual Rent: | $13,950 |
| Year Built Details: | Approximate |
| Bedrms 1: | 2 |
| Bedrms 2: | 2 |
| Bedrms 3: | 2 |
| F Bths 1: | 2 |
| F Bths 2: | 2 |
| F Bths 3: | 2 |
| Rent1: | 4,500 |
| Rent2: | 4,800 |
| Rent3: | 4,650 |
Disclaimer:
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on May 16, 2025 07:31 PM
Property Last Updated: May 15, 2025 10:36 AM
Listing Courtesy of: Coldwell Banker Realty - Boston
Listing Agent: The Quirk Group
339-227-0058
