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550 E 3rd Street, Boston MA 02127

$1,625,000

Estimated $3,353/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $541,666.67

Total Rent: 124800/year

Estimated CAP Rate:

6 Bedrooms

Baths

2501

Total Parking: 0

1,045 (0.02)

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.

This home has been viewed 11 times

Last Checked: September 19th, 2026 at 9:28am (Source: MLS PIN #73579556)

Gross Income: $124,800

Gross Expenses: $15,660

Net Income Calc: $109,140

Water Views

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

Total Gross Expenses (Calculated)$15,660/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8613

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

Total Gross Income (Calculated)$124,800

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

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

Listing ID73579556

Property TypeMulti Family / 3 Family

Price1625000 ($649.74/SqFt)

Style3 Family - 3 Units Up/down

CityBoston

CountySuffolk

MLS AreaSouth Boston

Neighborhood(s)

Approximate Living Area Total2501

Approximate Lot Size (Acres)0.02

Total Parking0

Garage Parking0

Year Built2000

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningA

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 550 E 3rd Street, Boston MA 02127

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSee Broker

Financial Data SourceEstimated

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 550 E 3rd Street, Boston MA 02127

Real Estate Taxes8613

Tax Year2026

Assessed Value$689,305

Financial Data SourceEstimated

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 550 E 3rd Street, Boston MA 02127

Neighborhood(s)

MLS AreaSouth Boston

Area AmenitiesWalk/jog Trails

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: Nick Bevilacqua

Payment Calculator

, Interest

Property Taxes 717.75

Principal & Interest 10012.73

HOA Dues

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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EXIT

15 More Photos

Active

550 E 3rd Street, Boston MA 02127

$1,625,000

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