Franklin Knotts
Coldwell Banker Realty - Boston
(781) 752-4079
21 Total Sales
2 in South Boston
$550K - $1.6M Price Range
20 Grimes St Boston, MA 02127
South Boston NeighborhoodEstimated Value: $2,942,077
12
Beds
10
Baths
4,313
Sq Ft
$682/Sq Ft
Est. Value
Highlights
- Marina
- Community Stables
- 0.06 Acre Lot
- Beethoven Elementary School Rated A-
- Medical Services
- Property is near golf course, public transit, and schools
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.
Last Agent to Sell the Property
Adam Burns
Burns Realty & Investments LLC Listed on: 05/13/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,808
Year Built
- Built in 1885
Lot Details
- 2,564 Sq Ft Lot
- 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
Additional Features
- Enclosed Patio or Porch
- Property is near golf course, public transit, and schools
Listing and Financial Details
- Total Actual Rent $20,150
- Assessor Parcel Number 1412799
Community Details
Overview
- 3 Units
- Near Conservation Area
- Property has 3 Levels
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Tennis Courts
- Community Pool
- Park
- Community Stables
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $55,645
- Net Operating Income $186,155
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2025
Closed on
Jul 7, 2025
Sold by
20 Grimes St Llc
Bought by
Seller's Agent
Adam Burns
Burns Realty & Investments LLC
Buyer's Agent
Geoff Strobeck
Compass
List Price
$3,100,000
Sold Price
$3,000,000
Premium/Discount to List
-$100,000
-3.23%
Views
3
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$57,923
Avg. Annual Appreciation
-1.60%
Original Mortgage
$2,400,000
Outstanding Balance
$2,372,738
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$569,339
Purchase Details
Listed on
Aug 11, 2017
Closed on
Mar 8, 2018
Sold by
Teaghlaigh Gabhaltais
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
15.01%
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
Bought by
Teaghlaigh Gabhaltais
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
Commercial
Purchase Details
Closed on
Sep 26, 2006
Sold by
Gately William
Bought by
Hung Virginia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 23, 2004
Sold by
Dajomaji Llc
Bought by
Gately William
Purchase Details
Closed on
Dec 19, 2003
Sold by
Belbin Richard
Bought by
Dajomaji Llc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Boston, MA
-
Franklin Knotts
-
Wendy Whitty
Wendy Whitty
Whitty Real Estate
(339) 230-2775
41 Total Sales
1 in South Boston
$580,000 Price
-
Michael Ford
Michael Ford
Coldwell Banker Realty - Framingham
(508) 978-5409
22 Total Sales
2 in South Boston
$985K - $1.6M Price Range
-
Barbara Wales
Barbara Wales
Engel & Volkers Newton
(781) 512-8233
103 Total Sales
3 in South Boston
$440K - $630K Price Range
-
Robert Cusack
Robert Cusack
Cusack & Associates
(781) 773-6099
64 Total Sales
3 in South Boston
$1.1M - $1.3M Price Range
-
Bill Gehan
Bill Gehan
Campion & Company Fine Homes Real Estate
(781) 549-0309
61 Total Sales
10 in South Boston
$592K - $2.4M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,000,000 | -- | ||
| 20 Grimes Street Llc | $1,075,000 | -- | |
| Teaghlaigh Gabhaltais | -- | -- | |
| Hung Virginia | -- | -- | |
| Gately William | $407,000 | -- | |
| Dajomaji Llc | $300,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,400,000 | ||
| Previous Owner | Grimes Street Llc 20 | $2,200,000 | |
| Closed | -- | $1,076,000 | |
| Previous Owner | Gabhaltais Teaghlaigh | $5,900,000 | |
| Previous Owner | 272 West 5Th Street Mg | $600,000 | |
| Previous Owner | Gately William | $565,000 | |
| Previous Owner | Gately William J | $5,140,000 | |
| Previous Owner | Gately William J | $3,224,250 | |
| Previous Owner | Hung Virginia | $110,000 | |
| Closed | Gately William J | $200,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
-
AB
Seller's Agent in 2025
Adam Burns
Burns Realty & Investments LLC
-
Caroline Costello
CC
Seller Co-Listing Agent in 2025
Caroline Costello
Burns Realty & Investments LLC
(857) 496-7187
9 in this area
32 Total Sales
-
Geoff Strobeck
Buyer's Agent in 2025
Geoff Strobeck
Compass
(617) 510-0375
5 in this area
30 Total Sales
-
Jorge Rodriguez
Seller's Agent in 2018
Jorge Rodriguez
Carlton's Wharf & Co.
(617) 331-7473
47 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73373831
APN: SBOS-000000-000006-000872
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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