$1,850,000

550 E 3rd St Boston, MA 02127

South Boston Neighborhood

Estimated payment $10,391/month

Total Views 4,053
6 Beds
3 Baths
2,501 Sq Ft
$740 Price per Sq Ft

Highlights

  • Medical Services
  • Park
  • Coin Laundry
  • Property is near public transit
  • Shops
  • Level Lot

About This Home

550 E 3rd Street consists of a three-story building containing three (3), 2-Bedroom/1-Bathroom units. 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. 550 E 3rd Street offers the opportunity to acquire a fully leased investment in an exceptional, urban-infill location.

Listing Agent

Kelleher - Pentore Team

Horvath & Tremblay Listed on: 07/14/2025

Co-Listing Agent

Dennis Kelleher

Horvath & Tremblay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,795

Year Built

  • Built in 2000

Lot Details

  • 1,045 Sq Ft Lot
  • Level Lot

Home Design

  • Triplex
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 2,501 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Separate Meters

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 3340350

Community Details

Overview

  • 3 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Operating Expense $19,356
  • Net Operating Income $105,444

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,795

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 2000
  • Levels: 3
  • Year Built Details: Approximate
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Above Grade Finished Sq Ft: 2501
  • Living Area: 2501
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN2723

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Roof: Shingle, Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Electric: Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 3340350
  • Zoning: A
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.02
  • Lot Size Sq Ft: 1045
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 25
  • Tax Annual Amount: 7795

Multi Family

  • Net Operating Income: 105444
  • Number Of Units Total: 3
  • Operating Expense: 19356
  • Total Actual Rent: 10350
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2025 07/14/25 For Sale $1,850,000 0.0% $740 / Sq Ft
09/01/2016 09/01/16 Rented $2,700 0.0% --
07/01/2016 07/01/16 Under Contract -- -- --
06/27/2016 06/27/16 Price Changed $2,700 -8.5% $3 / Sq Ft
06/18/2016 06/18/16 For Rent $2,950 -- --
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73404193

MLS Property Information Network (MLS PIN)
Massachusetts Suffolk County Boston 02127 South Boston

550 E 3rd St, Boston, MA

For Sale

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MLS Property Information Network (MLS PIN) 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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Listing Agent
Kelleher - Pentore Team
Horvath & Tremblay