Seller's Agent in 2025
Adam Burns
Burns Realty & Investments
(617) 564-1167
19 in this area
81 Total Sales
20 Grimes St Boston, MA 02127
South Boston Neighborhood
12
Beds
10
Baths
4,313
Sq Ft
2,564
Sq Ft Lot
Highlights
- Marina
- Community Stables
- 0.06 Acre Lot
- Golf Course Community
- Medical Services
- Property is near public transit
About This Home
As of July 2025Exceptional opportunity to own a turn-key 3-unit multifamily asset in one of Boston’s most sought-after neighborhoods. This well-maintained property delivers strong in-place income and a 6% cap rate, ideal for investors seeking immediate cash flow with long-term growth potential. Each unit features 4 bedrooms with modern finishes and consistent rental history. The building sits above 4 garage parking spaces—an increasingly rare and valuable amenity in South Boston. Perfectly located near public transportation, restaurants, shops, and major commuter routes, this property benefits from strong tenant demand and low vacancy. An ideal addition to any investment portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,808
Year Built
- Built in 1885
Lot Details
- 2,564 Sq Ft Lot
- Near Conservation Area
- Fenced
Parking
- 4 Car Garage
- Leased Parking
Home Design
- 4,313 Sq Ft Home
- Triplex
- Frame Construction
- Concrete Perimeter Foundation
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 12 Bedrooms
Outdoor Features
- Enclosed Patio or Porch
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Total Actual Rent $20,150
- Assessor Parcel Number 1412799
Community Details
Overview
- 3 Units
- Property has 3 Levels
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Community Pool
- Park
- Community Stables
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $55,645
- Net Operating Income $186,155
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 11, 2017
Closed on
Mar 8, 2018
Sold by
Gabhaltais Teaghlaigh
Bought by
20 Grimes Street Llc
Seller's Agent
Jorge Rodriguez
Carlton's Wharf & Co.
Buyer's Agent
Jorge Rodriguez
Carlton's Wharf & Co.
List Price
$989,500
Sold Price
$1,075,000
Premium/Discount to List
$85,500
8.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.50%
Original Mortgage
$1,076,000
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 11, 2017
Sold by
Gately William J and Hung Virginia S
Bought by
Gabhaltais Teaghlaigh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,900,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 26, 2006
Sold by
Gately William J
Bought by
Hung Virginia and Gately William J
Purchase Details
Closed on
Dec 23, 2004
Sold by
Dajomaji Llc
Bought by
Gately William J
Purchase Details
Closed on
Dec 19, 2003
Sold by
Belbin Richard C
Bought by
Dajomaji Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,075,000 | -- | |
| Deed | $1,075,000 | -- | |
| Deed | $1,075,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $407,000 | -- | |
| Deed | $407,000 | -- | |
| Deed | $300,000 | -- | |
| Deed | $300,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,400,000 | New Conventional | |
| Closed | $2,400,000 | New Conventional | |
| Closed | $2,200,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $1,076,000 | Purchase Money Mortgage | |
| Previous Owner | $5,900,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | Sold | $3,000,000 | -3.2% | $696 / Sq Ft |
| 05/22/2025 05/22/25 | Pending | -- | -- | -- |
| 05/13/2025 05/13/25 | For Sale | $3,100,000 | +188.4% | $719 / Sq Ft |
| 03/08/2018 03/08/18 | Sold | $1,075,000 | -2.3% | $634 / Sq Ft |
| 12/14/2017 12/14/17 | Pending | -- | -- | -- |
| 09/01/2017 09/01/17 | Price Changed | $1,100,000 | +11.2% | $649 / Sq Ft |
| 08/11/2017 08/11/17 | For Sale | $989,500 | -- | $584 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $26,808 | $2,315,000 | $446,800 | $1,868,200 |
| 2024 | $24,790 | $2,274,300 | $304,400 | $1,969,900 |
| 2023 | $23,487 | $2,186,900 | $292,700 | $1,894,200 |
| 2022 | $21,244 | $1,952,600 | $261,300 | $1,691,300 |
| 2021 | $14,620 | $1,370,200 | $186,700 | $1,183,500 |
| 2020 | $6,882 | $651,700 | $248,200 | $403,500 |
| 2019 | $6,544 | $620,900 | $186,500 | $434,400 |
| 2018 | $6,199 | $591,500 | $186,500 | $405,000 |
| 2017 | $5,963 | $563,100 | $186,500 | $376,600 |
| 2016 | $5,386 | $489,600 | $186,500 | $303,100 |
| 2015 | $5,333 | $440,400 | $179,600 | $260,800 |
| 2014 | $4,848 | $385,400 | $179,600 | $205,800 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Burns
-
Caroline Costello
C
Seller Co-Listing Agent in 2025
Caroline Costello
Burns Realty & Investments
(857) 496-7187
9 in this area
31 Total Sales
-
Geoff Strobeck
Buyer's Agent in 2025
Geoff Strobeck
Compass
(617) 510-0375
4 in this area
25 Total Sales
-
Jorge Rodriguez
Seller's Agent in 2018
Jorge Rodriguez
Carlton's Wharf & Co.
(617) 331-7473
51 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73373831
APN: SBOS-000000-000006-000872
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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