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.
— MLSPIN #: 73404193Map of 550 E 3rd Street, Boston, MA 02127
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| List Price: | $1,850,000 |
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| Status: | New |
| MLS ID: | 73404193 |
| Town: | Boston |
| Neighborhood: | South Boston |
| County: | Suffolk |
| Zip: | 02127 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family - 3 Units Up/Down |
| Bedrooms: | 6 |
| Full Baths: | 3 |
| Living Area: | 2,501 sqft |
| Acres: | 0.02 |
| Taxes: | 7,795 |
| Lot Features: | Level |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 2000 |
| Roof: | Shingle, Rubber |
| Directions: | Please Use GPS. |
| Foundation Details: | Other |
| Electric: | Individually Metered |
| Listing Contract Date: | 2025-07-14 |
| Lot Size Area: | 0.02 |
| Lot Size Square Feet: | 1,045 |
| Rooms Total: | 15 |
| Bathrooms Total Integer: | 3 |
| Building Area Source: | Public Records |
| Building Area Total: | 2,501 |
| Community Features: | Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, T-Station, University |
| Levels: | 3 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Parcel Number: | 3340350 |
| Rent Includes: | Unit 1(Water), Unit 2(Water) |
| Sewer: | Public Sewer |
| Zoning: | A |
| Stories Total: | 3 |
| Year Built Source: | Public Records |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $124,800 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | Yes |
| Comp Based On: | Net Sale Price |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Gre: | 19,356 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $739.70 |
| Page: | 293 |
| Price Per Sqft: | $739.70 |
| Square Feet Incl Base: | No |
| Sub Agency Offered: | No |
| Net Operating Income: | $105,444 |
| Operating Expense: | $19,356 |
| Original List Price: | $1,850,000 |
| Tax Assessed Value: | $667,433 |
| Tax Year: | 25 |
| Total Actual Rent: | $10,350 |
| Year Built Details: | Approximate |
| Waterview Flag: | No |
| Bedrms 1: | 2 |
| Bedrms 2: | 2 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| Hot Water: | Natural Gas |
| Rent1: | 3,400 |
| Rent2: | 3,400 |
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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 July 16, 2025 03:44 PM
Property Last Updated: July 14, 2025 04:26 PM
Listing Courtesy of: Horvath & Tremblay
Listing Agent: Kelleher - Pentore Team
781-776-4004
