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512 East 3rd Street, Boston MA 02127

$1,749,000

Estimated $4,406/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $583,000

Total Rent: 93600/year

Estimated CAP Rate:

4 Bedrooms

Baths

2717

Total Parking: 0

2,385 (0.05)

Attention, all savvy owner-occupants, investors, and developers: Absolutely Perfect Eastside Location in South Boston! Superior South-facing three-family home with amazing outdoor space & individual decks! Tremendous potential with a 2,350 SF lot! Currently, there is over 2,700 square feet of living space with the possibility of expanding into the massive backyard. Ideal for a 1031 exchange, condominium conversion, or as a long-term rental investment. Each apartment has highly desirable floor plans & there has never been a vacancy. Tenants pay utilities, and rents are currently well below market rate. Hold and collect rents or renovate to significantly improve this wonderful income generator! Minutes from everything, including the beach, bus routes, restaurants, Seaport, and more! This premier location is poised for continued appreciation, with numerous nearby developments and new amenities underway. Showings by appointment only.

This home has been viewed 8 times

Last Checked: June 20th, 2026 at 5:03am (Source: MLS PIN #73536178)

Gross Income: $93,600

Gross Expenses: $18,843

Net Income Calc: $74,757

Water Views

Annual Expenses for 512 East 3rd Street, Boston MA 02127

Total Gross Expenses (Calculated)$18,843/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax18843.73

Annual Income & Unit Breakdown for 512 East 3rd Street, Boston MA 02127

Total Gross Income (Calculated)$93,600

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms2 Full

Floor1

Levels in Unit2

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 512 East 3rd Street, Boston MA 02127

Listing ID73536178

Property TypeMulti Family / 3 Family

Price1749000 ($643.72/SqFt)

Style3 Family - 3 Units Up/down

CityBoston

CountySuffolk

MLS AreaSouth Boston

Neighborhood(s)

Approximate Living Area Total2717

Approximate Lot Size (Acres)0.05

Total Parking0

Garage Parking0

Year Built1890

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRes

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 512 East 3rd Street, Boston MA 02127

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsChicken Run

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 512 East 3rd Street, Boston MA 02127

Real Estate Taxes18843.73

Tax Year2026

Assessed Value$1,505,600

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 512 East 3rd Street, Boston MA 02127

Neighborhood(s)

MLS AreaSouth Boston

Area AmenitiesWalk/jog Trails

Contact Information for 512 East 3rd Street, Boston MA 02127

Agent

Name: Frank Celeste

Office

Name: Gibson Sotheby's International Realty

Phone: 617-242-4222

Team Members

Name: Jared Kurker

Payment Calculator

, Interest

Property Taxes 1570.31

Principal & Interest 10776.78

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gibson Sotheby's International Realty

Frank Celeste

Agent Phone

Office Phone

(617) 242-4222

Text Agent Call Agent Call Office

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    [description] => Attention, all savvy owner-occupants, investors, and developers: Absolutely Perfect Eastside Location in South Boston! Superior South-facing three-family home with amazing outdoor space & individual decks! Tremendous potential with a 2,350 SF lot! Currently, there is over 2,700 square feet of living space with the possibility of expanding into the massive backyard. Ideal for a 1031 exchange, condominium conversion, or as a long-term rental investment. Each apartment has highly desirable floor plans & there has never been a vacancy. Tenants pay utilities, and rents are currently well below market rate. Hold and collect rents or renovate to significantly improve this wonderful income generator! Minutes from everything, including the beach, bus routes, restaurants, Seaport, and more! This premier location is poised for continued appreciation, with numerous nearby developments and new amenities underway. Showings by appointment only.
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    [unparsed] => 512 East 3rd Street, Boston MA 02127
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EXIT

22 More Photos

Active

512 East 3rd Street, Boston MA 02127

$1,749,000

Annual Expenses for 512 East 3rd Street, Boston MA 02127

Annual Income & Unit Breakdown for 512 East 3rd Street, Boston MA 02127

General Information for 512 East 3rd Street, Boston MA 02127

Disclosures for 512 East 3rd Street, Boston MA 02127

Financial Information for 512 East 3rd Street, Boston MA 02127

Location Information for 512 East 3rd Street, Boston MA 02127

Contact Information for 512 East 3rd Street, Boston MA 02127

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Gibson Sotheby's International Realty

Frank Celeste