428-432 East Third Street, Boston MA 02127
Boston, MA 02127
$4,000,000
Est. $21,290/month
About this home
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.
Facts & Features
Property Overview
Property Type
5-9 Family
Property Category
Residential Income
Year Built
1899
Bedrooms
9
Full Bathrooms
9
Half Bathrooms
9
Living Area
8,024 sq ft
Total Rooms
18
Stories
18
Levels
18
Interior Features
Has Fireplace
Yes
Number of Fireplaces
18
Exterior & Structure
Construction Materials
Brick, Stone
Roof
Rubber
Foundation
Concrete Perimeter, Brick/Mortar
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.06 acres
Lot Size
2,769 sq ft
Lot Size Area
0.0600
Lot Features
Other
Parking & Garage
Has Garage
No
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Community & HOA
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$9
Tax Year
9
Tax Assessed Value
$9
Parcel Number
1414766
Zoning
9
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Location
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Neighborhood
428-432 East Third Street, Boston MA 02127
Boston, MA 02127
Walkability
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Schools
School information not available
Monthly Payment Calculator
%
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Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$1
Homeowners Insurance
$200
PMI
$0
Property History
Property Timeline
Listed for Sale
Jun 11, 2025
$4,000,000
Original listing
Agent: Christopher Sower
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/11/2025 | 🏠Listed for Sale | $4,000,000 | - | - | Original listing |