581 East Eighth Boston MA 02127 MLS #73299666

581 East Eighth
Boston, MA, 02127
$1,775,000
5 Beds
3 Baths
2,057 SqFt
0.09 Acres
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Opportunity strikes in vibrant South Boston! This 2 family gem holds THREE coveted parking spots (Southie gold!) and offers 2 spacious units: Unit 1 features 2 beds, 1 bath, and 850 sq ft, is renting for $3500/mo. Unit 2 is a sunny BILEVEL beauty with 3 beds, 2 baths, and 1207 sq ft, renting for $5000/mo (lease end: 8/31/25). Both units have private decks & in unit laundry! PARKING brings in an additional $325-400 per spot/month bringing the total rent roll to $9625 at full capacity! Unbeatable location: 0.2 miles to the beach, conveniently on a bus route and perfectly situated in the middle of all Southie has to offer while still enjoying the feels of East side residential living. Seller has drawn plans available for a rear expansion, potentially adding 1,689 sq ft and converting the third floor into a 3rd unit! Plans have not yet been permitted. Don’t miss out on this prime property with immense potential! Can also be sold as condos.

Property Details

Price:
$1,775,000
MLS #:
73299666
Status:
Active
Beds:
5
Baths:
3
Address:
581 East Eighth
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Boston
Listed Date:
Oct 8, 2024
State:
MA
Finished Sq Ft:
2,057
Total Sq Ft:
2,057
ZIP:
02127
Lot Size:
3,750 sqft / 0.09 acres (approx)
Year Built:
1900
Units:
2
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Schools

Interior

Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Bathrooms
3 Full Bathrooms
Cooling
Central Air

Exterior

Exterior Features
Balcony/ Deck
Parking Features
Paved Drive, Off Street, Deeded
Parking Spots
3

Financial

Net Operating Income
$102,000
Tax Year
2024
Taxes
$19,432

Map

Community

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