54 I St, Boston MA 02127

Boston, MA 02127
$1,699,000
Est. $9,043/month
8
Beds
3
Baths
2,808
Sq Ft
$605
Price/Sq Ft
0.02
Acres
1910
Year Built
3 Family
Type
145
Days on Market
Pending Price Drop -$221,000 Listed Sep 26, 2025 • MLS# 73362563

About this home

Buyer's couldn't qualify, time to scoop this deal! VACANT exceptional multifamily opportunity in the heart of South Boston! Just one block from East Broadway, this well-positioned 3-unit building sits prominently on the corner of I Street and East 3rd. A true turnkey asset with immediate upside—Rents under market and simple updates can polish these units. The basement offers untapped potential for additional livable space, and the building features a full walk-up staircase to a flat roof with breathtaking city and water views—a future roof deck, perhaps? Unit 1: Vacant, 2-bedroom - Unit 2: Vacant, 3-bedroom - Unit 3: Vacant, configured 1-bedroom + office/gym but easily converted back to a 3 bed. This is an ideal setup for an owner-occupant to live in Unit 1 and rent out units 2 and 3 as spacious 3-bed apartments with minimal effort. Whether you're looking to hold as a rental asset or explore condo conversion.

Facts & Features

Property Overview

Property Type
3 Family
Property Category
Residential Income
Year Built
1910
Bedrooms
8
Full Bathrooms
3
Living Area
2,808 sq ft
Total Rooms
17
Stories
3
Levels
3

Interior Features

Flooring
Wood, Tile, Laminate, Hardwood
Has Fireplace
No
Basement Details
Full, Partially Finished, Concrete, Slab, Unfinished

Exterior & Structure

Construction Materials
Frame, Brick
Roof
Rubber
Foundation
Brick/Mortar
Has Spa
No
Waterfront Features
Harbor, Sound, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.02 acres
Lot Size
1,028 sq ft
Lot Size Area
0.0200
Lot Features
Corner Lot
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Parking Features
On Street

Utilities & Systems

Utilities Available
for Gas Range, for Gas Oven
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, 60 Amps/Less, 100 Amp Service, Other (See Remarks)

Community & HOA

Community Features
Public Transportation, Shopping, Park, Laundromat, Highway Access, Marina, Public School, T-Station
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$16,070
Tax Year
2025
Tax Assessed Value
$1,387,700
Parcel Number
W:06 P:03205 S:000,1414290
Zoning
R3
Financial Data Source
Owner

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Underwritten financing ONLY! Do not submit an offer if your client has not yet filed their 2024 taxes. This deal is only back on market due to personal finances. Smokes: DONE, Inspection: DONE, Appraisal: DONE, BUILDING IS VACANT!!
Listing Terms
Contract

Location

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Neighborhood

54 I St, 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 $1,339
Homeowners Insurance $200
PMI $0

Property History

Market Insights

Property Timeline

🏠
Listed for Sale
Apr 22, 2025
$1,699,000
Original listing
Agent: James Riel Office: JR Associates
🏠
Listed for Sale
Apr 22, 2025
$1,699,000
Original listing

Price & Status History

Date Event Price Change
Apr 22, 2025 New Listing Added $1,699,000
Apr 22, 2025 New Listing Added $1,699,000

Market Statistics

Days on Market
145 days
Price per Sq Ft
$605
Total Price Drop
-$221,000

Tax History

Year Taxes Assessment
2025 $16,070 $1,387,700

Financial Details

Annual Property Tax
$16,070
Tax Year 2025
Assessed Value
$1,387,700

Listing Information

Listing Agent James Riel
Listing Office JR Associates
Agent MLS ID CT004222
Office MLS ID AN0852

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