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.
— MLSPIN #: 73389286Map of 428-432 East Third Street, Boston, MA 02127
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| List Price: | $4,000,000 |
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| Status: | New |
| MLS ID: | 73389286 |
| Town: | Boston |
| County: | Suffolk |
| Zip: | 02127 |
| Property Type: | Residential Income |
| Property Sub Type: | 5-9 Family |
| Bedrooms: | 9 |
| Full Baths: | 9 |
| Half Baths: | 9 |
| Living Area: | 8,024 sqft |
| Acres: | 0.06 |
| Taxes: | 9 |
| Lot Features: | Other |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1899 |
| Roof: | Rubber |
| Directions: | Located on East Third Street between Emerson Street and H Street |
| Foundation Details: | Concrete Perimeter, Brick/Mortar |
| Construction Materials: | Brick, Stone |
| Listing Contract Date: | 2025-06-11 |
| Fireplace?: | Yes |
| Lot Size Area: | 0.06 |
| Lot Size Square Feet: | 2,769 |
| Fireplaces Total: | 18 |
| Rooms Total: | 18 |
| Bathrooms Total Integer: | 18 |
| Building Area Source: | Public Records |
| Building Area Total: | 8,024 |
| Levels: | 18 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 9 |
| Parcel Number: | 1414766 |
| Sewer: | Public Sewer |
| Zoning: | 9 |
| Stories Total: | 18 |
| Year Built Source: | Public Records |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $999,999 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 9 |
| Flrs 2: | 9 |
| Lead Paint: | None |
| Lease 1: | No |
| Lease 2: | No |
| Levels 1: | 9 |
| Levels 2: | 9 |
| Listing Alert: | No |
| List Price Per Sqft: | $498.50 |
| Page: | 9 |
| Price Per Sqft: | $498.50 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $999,999 |
| Original List Price: | $4,000,000 |
| Tax Assessed Value: | $9 |
| Tax Year: | 9 |
| Total Actual Rent: | $19,998 |
| Year Built Details: | Actual |
| Bedrms 1: | 9 |
| Bedrms 2: | 9 |
| F Bths 1: | 9 |
| F Bths 2: | 9 |
| H Bths 1: | 9 |
| H Bths 2: | 9 |
| Rent1: | 9,999 |
| Rent2: | 9,999 |
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 June 15, 2025 01:09 AM
Property Last Updated: June 11, 2025 12:52 PM
Listing Courtesy of: Cushman & Wakefield
Listing Agent: Christopher Sower
617-816-5257
