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550 E 3rd Street
Boston, MA, 02127
$1,625,000
6 Beds
3 Baths
2,501 SqFt
0.02 Acres
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MLS #73579556 image #0
The Property consists of a three-story building containing three (3), 2-Bedroom/1-Bathroom units with 2,501 square feet of living area in 3,752 gross square feet on a 0.024-acre parcel. 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. Centrally located in the heart of South Boston and 1.2 miles to Broadway Station and 1.7 miles to Boston’s South Station, the Property offers the rare opportunity to acquire an outstanding core asset in an incredible urban-infill location in one of the strongest real estate markets in the country.

Property Details

Price:
$1,625,000
MLS #:
73579556
Status:
Active
Beds:
6
Baths:
3
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
Neighborhood:
southboston
Listed Date:
Sep 18, 2026
Finished Sq Ft:
2,501
Total Sq Ft:
2,501
Lot Size:
1,045 sqft / 0.02 acres (approx)
Year Built:
2000
Units:
3
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Schools

Interior

Above Grade Finished Area
2501
Bathrooms
3 Full Bathrooms
Levels
3

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other
Construction Materials
See Remarks
Lot Features
Other
Open Parking YN
1
Parking Features
On Street
Roof
Shingle, Rubber
Stories
3
Waterfront Features
Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)

Financial

Net Operating Income
$105,395
Tax Year
2026
Taxes
$8,613

Map

Community

Market Summary

Current real estate data for Multi Family in Boston as of Sep 18, 2026
412
Multi Family Listed
129
Avg DOM
456
Avg $ / SqFt
$1,923,282
Avg List Price

Property Summary

    550 E 3rd Street Boston MA is a Multi Family for sale in Boston, MA, 02127. It is listed for $1,625,000 To schedule a showing of MLS#73579556 at 550 E 3rd Street in Boston, MA, contact your Cornerstone Real Estate agent at 617-238-7400.

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