428-432 East Third Street Boston MA 02127 MLS #73389286

428-432 East Third Street
Boston, MA, 02127
$4,000,000
9 Beds
13.5 Baths
8,024 SqFt
0.06 Acres
$4,000,000
428-432 East Third Street
Boston, MA, 02127
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

Price:
$4,000,000
MLS #:
73389286
Status:
Active
Beds:
9
Baths:
13.5
Address:
428-432 East Third Street
Type:
Multi Family
Subtype:
5-9 Family
City:
Boston
Listed Date:
Jun 11, 2025
State:
MA
Finished Sq Ft:
8,024
Total Sq Ft:
8,024
ZIP:
02127
Lot Size:
2,769 sqft / 0.06 acres (approx)
Year Built:
1899
Units:
9

Schools

Interior

Bathrooms
9 Full Bathrooms, 9 Half Bathrooms
Fireplaces Total
18

Exterior

Construction Materials
Brick, Stone
Roof
Rubber

Financial

Net Operating Income
$999,999
Tax Year
9
Taxes
$9
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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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428-432 East Third Street
Boston, MA