428-432 E 3rd St Boston, MA 02127
South Boston NeighborhoodEstimated payment $25,312/month
About This Home
Presenting 428-432 E Third St, a tremendous investment opportunity located in the heart of South Boston comprised of a 3 story, 9-unit apartment building. Although meticulously maintained by ownership, the property presents significant value-add opportunity to increase rents through cosmetic improvements. The property is currently 100% leased at below market rents. Additionally, the property presents a potential condominium conversion opportunity. 428-432 E Third is part of a larger portfolio with 444 E Third St, the longtime home of USPS. The two sites total 21,543 SF of development potential.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1899
Lot Details
- 2,769 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Brick Foundation
- Rubber Roof
- Concrete Perimeter Foundation
- Stone
Interior Spaces
- 8,024 Sq Ft Home
- 18 Fireplaces
Bedrooms and Bathrooms
- 9 Bedrooms
Listing and Financial Details
- Assessor Parcel Number 1414766
Community Details
Overview
- 9 Units
- Property has 9 Levels
Building Details
- Net Operating Income $999,999
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2025 06/11/25 | For Sale | $4,000,000 | -- | $499 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73389286
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