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
Address:
428-432 East Third Street
Type:
Multi Family
Subtype:
5-9 Family
City:
Boston
Listed Date:
Jun 11, 2025
State:
MA
Finished Sq Ft:
8,024
Total Sq Ft:
8,024
ZIP:
02127
Lot Size:
2,769 sqft / 0.06 acres (approx)
Year Built:
1899
Units:
9
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
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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
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