240-244 W 3rd Street Boston MA 02127 MLS #73287167

240-244 W 3rd Street
Boston, MA, 02127
$3,899,000
12 Beds
11 Baths
6,009 SqFt
0.09 Acres
$3,899,000
240-244 W 3rd Street
Boston, MA, 02127
Attention Investors! Feast your eyes on this rare offering—a six-unit building with an extra lot for parking strategically located for maximum tenant convenience. The property, comprising two three-family houses and a third parcel for parking (3 tax bills), has been lovingly maintained by long-term owners. Although below market (all TAWs), the current rents suggest a potential monthly income of $22K ($264K/Year) with just a hint of cosmetic work in two apartments. Five of the six units are two beds and two baths, and the sixth is two beds and one bath. The location, just two blocks from the West Broadway shops and minutes to the Seaport is a tenant’s paradise.

Property Details

Price:
$3,899,000
MLS #:
73287167
Status:
Active
Beds:
12
Baths:
11
Address:
240-244 W 3rd Street
Type:
Multi Family
Subtype:
5-9 Family
Neighborhood:
South Boston
City:
Boston
Listed Date:
Sep 9, 2024
State:
MA
Finished Sq Ft:
6,009
Total Sq Ft:
6,009
ZIP:
02127
Lot Size:
3,983 sqft / 0.09 acres (approx)
Year Built:
1905
Units:
6

Schools

Interior

Bathrooms
11 Full Bathrooms
Flooring
Tile, Carpet, Hardwood

Exterior

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/ Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, T- Station
Construction Materials
Frame
Parking Features
Off Street, Tandem, On Street, Assigned
Parking Spots
4
Roof
Rubber

Financial

Net Operating Income
$129,600
Tax Year
2024
Taxes
$28,091
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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240-244 W 3rd Street
Boston, MA