581 East Eighth Boston MA 02127 MLS #73299666

581 East Eighth
Boston, MA, 02127
$1,775,000
5 Beds
3 Baths
2,057 SqFt
0.09 Acres
$1,775,000
581 East Eighth
Boston, MA, 02127
Opportunity strikes in vibrant South Boston! This 2 family gem holds THREE coveted parking spots (Southie gold!) and offers 2 spacious units: Unit 1 features 2 beds, 1 bath, and 850 sq ft, is renting for $3500/mo. Unit 2 is a sunny BILEVEL beauty with 3 beds, 2 baths, and 1207 sq ft, renting for $5000/mo (lease end: 8/31/25). Both units have private decks & in unit laundry! PARKING brings in an additional $325-400 per spot/month bringing the total rent roll to $9625 at full capacity! Unbeatable location: 0.2 miles to the beach, conveniently on a bus route and perfectly situated in the middle of all Southie has to offer while still enjoying the feels of East side residential living. Seller has drawn plans available for a rear expansion, potentially adding 1,689 sq ft and converting the third floor into a 3rd unit! Plans have not yet been permitted. Don’t miss out on this prime property with immense potential! Can also be sold as condos.

Property Details

Price:
$1,775,000
MLS #:
73299666
Status:
Active
Beds:
5
Baths:
3
Address:
581 East Eighth
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Boston
Listed Date:
Oct 8, 2024
State:
MA
Finished Sq Ft:
2,057
Total Sq Ft:
2,057
ZIP:
02127
Lot Size:
3,750 sqft / 0.09 acres (approx)
Year Built:
1900
Units:
2

Schools

Interior

Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Bathrooms
3 Full Bathrooms
Cooling
Central Air

Exterior

Exterior Features
Balcony/ Deck
Parking Features
Paved Drive, Off Street, Deeded
Parking Spots
3

Financial

Net Operating Income
$102,000
Tax Year
2024
Taxes
$19,432
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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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581 East Eighth
Boston, MA