550 E 3rd Street Boston MA 02127 MLS #73404193

550 E 3rd Street
Boston, MA, 02127
$1,850,000
6 Beds
3 Baths
2,501 SqFt
0.02 Acres
$1,850,000
550 E 3rd Street
Boston, MA, 02127
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.

Property Details

Price:
$1,850,000
MLS #:
73404193
Status:
Active
Beds:
6
Baths:
3
Address:
550 E 3rd Street
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
Neighborhood:
South Boston
City:
Boston
Listed Date:
Jul 14, 2025
State:
MA
Finished Sq Ft:
2,501
Total Sq Ft:
2,501
ZIP:
02127
Lot Size:
1,045 sqft / 0.02 acres (approx)
Year Built:
2000
Units:
3

Schools

Interior

Bathrooms
3 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, T- Station, University
Roof
Shingle, Rubber

Financial

Net Operating Income
$105,444
Tax Year
25
Taxes
$7,795
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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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550 E 3rd Street
Boston, MA