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.
Property Details
Price:
$4,000,000
MLS #:
73389286
Status:
Active
Beds:
9
Baths:
13.5
Type:
Multi Family
Subtype:
5-9 Family
Listed Date:
Jun 11, 2025
Finished Sq Ft:
8,024
Total Sq Ft:
8,024
Lot Size:
2,769 sqft / 0.06 acres (approx)
Year Built:
1899
Units:
9
See this Listing
Schools
Interior
Bathrooms
9 Full Bathrooms, 9 Half Bathrooms
Fireplaces Total
18
Exterior
Construction Materials
Brick, Stone
Roof
Rubber
Financial
Tax Year
9
Taxes
$9
Map
Community
- Address428-432 East Third Street Boston MA
- CityBoston
- CountySuffolk
- Zip Code02127
Subdivisions in Boston
- Adams Village
- Ashmont Hill
- Ashmont Hill / Carruth Area
- Back Bay
- Bay Village
- Beacon Hill
- Bellevue Hill
- Boston
- Brighton-Oak Square
- Charlestown
- Chestnut Hill
- Chestnut Hill /Brookline line
- Chestnut Hill Park Condominium
- Clam Point Neighborhood
- Eight Streets Neighborhood
- Ellis South End Neighborhood
- Fairmount Hill
- Fields Corner
- Gas Light District
- Golf Course Neighborhood
- Harbor View
- Harborview
- Highland
- Hyde Park
- Jamaica Plain
- Lower Mills
- Melville Park
- Metropolitan Heights Area
- Metropolitan Hill
- Mission Hill – Longwood Medical
- Oak Square
- Parkway neighborhood
- Roslindale
- Roslindale – WC Bates
- roslindale village
- Roxbury’s Moreland Street Historic District
- Savin Hill: Minutes to Carson Beach/UMass Boston T-Stop
- South Boston
- Suffolk County
- Sumner Hill
- Thomas Park
- Woodbourne
Market Summary
Current real estate data for Multi Family in Boston as of Dec 17, 2025
334
Multi Family Listed
159
Avg DOM
459
Avg $ / SqFt
$2,117,567
Avg List Price
Property Summary
- 428-432 East Third Street Boston MA is a Multi Family for sale in Boston, MA, 02127. It is listed for $4,000,000 To schedule a showing of MLS#73389286 at 428-432 East Third Street in Boston, MA, contact your Cornerstone Real Estate agent at 617-238-7400.
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Courtesy of Cushman & Wakefield. 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.
428-432 East Third Street
Boston, MA