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550 E 3rd Street, Boston MA 02127

$1,850,000

Estimated $3,649.35/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $616,666.67

Total Rent: 81600/year

Estimated CAP Rate: 3.99%

6 Bedrooms

3 Full Baths

2,501 SqFt

Total Parking: 0

1,045 SqFt

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.

This home has been viewed 55 times

Last Checked: November 4th, 2025 at 6:03am (Source: MLS PIN #73404193)

Gross Income: $81,600

Gross Expenses: $7,795

Net Income Calc: $73,805

CAP Rate: 3.99%

Annual Expenses for 550 E 3rd Street, Boston MA 02127

Total Gross Expenses (Calculated)$7,795/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,795

Annual Income & Unit Breakdown for 550 E 3rd Street, Boston MA 02127

Total Gross Income (Calculated)$81,600

Unit 1

Rental Income$3,400

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$3,400

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesUnit 1(water), Unit 2(water)

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 550 E 3rd Street, Boston MA 02127

Listing ID73404193

Property TypeMulti Family / 3 Family

Price$1,850,000 ($739.7/SqFt)

Style3 Family - 3 Units Up/down

CityBoston

CountySuffolk

MLS AreaSouth Boston

Neighborhood(s)

Approximate Living Area Total2,501 SqFt

Approximate Lot Size (Acres)0.02 acres

Total Parking0

Garage Parking

Year Built2000

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningA

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 550 E 3rd Street, Boston MA 02127

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$19,356

Total Gross Income By Broker$124,800

Total Net Income By Broker$105,444

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 550 E 3rd Street, Boston MA 02127

Real Estate Taxes$7,795

Tax Year25

Assessed Value$667,433

Financial Data Source

Total Gross Expenses By Broker$19,356

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$124,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$105,444

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.99%

Location Information for 550 E 3rd Street, Boston MA 02127

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaSouth Boston

Area AmenitiesHighway Access, House Of Worship, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, University

Contact Information for 550 E 3rd Street, Boston MA 02127

Agent

Name: Kelleher - Pentore Team

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Team Members

Name: Dennis Kelleher

Phone: 781-776-4002

Name: John Pentore

Phone: 781-776-4004

Payment Calculator

, Interest

Property Taxes 649.58

Principal & Interest 11399.11

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Kelleher - Pentore Team

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test] => Array
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        )

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EXIT

Active

550 E 3rd Street, Boston MA 02127

$1,850,000

Annual Expenses for 550 E 3rd Street, Boston MA 02127

Annual Income & Unit Breakdown for 550 E 3rd Street, Boston MA 02127

General Information for 550 E 3rd Street, Boston MA 02127

Disclosures for 550 E 3rd Street, Boston MA 02127

Financial Information for 550 E 3rd Street, Boston MA 02127

Location Information for 550 E 3rd Street, Boston MA 02127

Contact Information for 550 E 3rd Street, Boston MA 02127

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Kelleher - Pentore Team