NOT LISTED FOR SALE

584 E Broadway Boston, MA 02127

South Boston Neighborhood
2 Beds
4 Baths
3,332 Sq Ft
22.96 Acres

Last Sold June 10, 2022

Last sale price $1,965,000 $590 Per Sq Ft

53 Days on Market

Highlights

  • Waterfront
  • 22.96 Acre Lot
  • Zero Lot Line

About This Home

As of June 2022

After 84 years of family ownership, 584-586 East Broadway is for sale once again! This 3-unit, mixed-use multi-family building sits on the east side of South Boston between H and I Street. Located on the hilly side of East Broadway where neighboring properties resemble the painted ladies in a San Fran-type vibe. The building gets beautiful southwestern exposure year round. Facing Broadway you have a street-level commercial yoga studio and two 1-bedroom apartments above. On the rear side of the building (Emerson Street) you have a walk-in hair salon with it's own signage and private entrance. Fully leased, you have the potential of 4 units worth of income. The residential apartments on the 2nd and 3rd floor stretch only half the distance of the building. This allows for potential future value-add converting the residential rentals to larger condos. Plans from a 2010 architectural proposal are available! Please see firm remarks for the URL to the property website. Listed by James Riel

Last Agent to Sell the Property

James Riel

JR Associates Listed on: 01/12/2022

Last Buyer's Agent

Heather Carbone

eRealty Advisors, Inc.

eRealty Advisors, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,910

Year Built

  • Built in 1900

Lot Details

  • 22.96 Acre Lot
  • Waterfront
  • Zero Lot Line

Home Design

  • 3,332 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Features

  • Finished Basement

Listing and Financial Details

  • Total Actual Rent $7,500
  • Assessor Parcel Number W:06 P:03188 S:000,1414612

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Building Details

  • Operating Expense $33,103
  • Net Operating Income $56,897

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,910

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1900
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4
  • Basement: Finished
  • Living Area: 3332
  • Stories Total: 6
  • MAIN LO: AN0852
  • MAIN SO: AN5370

Exterior Features

  • Foundation Details: Other
  • Waterfront Features: Beach Front, 1/10 to 3/10 To Beach
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel Number: W:06 P:03188 S:000,1414612
  • Zoning: RC
  • Farm Land Area Units: Square Feet
  • Lot Features: Zero Lot Line
  • Lot Size Acres: 22.96
  • Lot Size Sq Ft: 1000137.6
  • Lot Size Units: Acres
  • LOT SIZE: 999999

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 16910.04

Multi Family

  • Net Operating Income: 56897
  • Number Of Units Total: 4
  • Operating Expense: 33103
  • Total Actual Rent: 7500
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

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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Average Value
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List Price
Sold Price
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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
06/10/2022 06/10/22 Sold $1,965,000 -1.8% $590 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $2,000,000 -- $600 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Riel

    Seller's Agent in 2022

    James Riel

    JR Associates

    (617) 913-4259

    5 in this area

    30 Total Sales

    James Riel
    Section Image
  • Heather Carbone

    Buyer's Agent in 2022

    Heather Carbone

    eRealty Advisors, Inc.

    (339) 469-7072

    12 in this area

    19 Total Sales

    Heather Carbone
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72933290

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

584 E Broadway, Boston, MA

Not Listed for Sale

MultiFamily

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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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