550 E 3rd Street, Boston MA 02127
Boston, MA 02127 • South Boston
$1,625,000
Est. $9,135/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
The Property consists of a three-story building containing three (3), 2-Bedroom/1-Bathroom units with 2,501 square feet of living area in 3,752 gross square feet on a 0.024-acre parcel. 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. Centrally located in the heart of South Boston and 1.2 miles to Broadway Station and 1.7 miles to Boston’s South Station, the Property offers the rare opportunity to acquire an outstanding core asset in an incredible urban-infill location in one of the strongest real estate markets in the country.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Sep 18, 2026
$1,625,000
Original listing
Agent: Kelleher - Pentore Team
Office: Horvath & Tremblay
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/18/2026 | 🏠 Listed for Sale | $1,625,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $8,613 | $689,305 |
Financial Details
Annual Property Tax
$8,613
Tax Year 2026
Assessed Value
$689,305
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
2000
Living Area
2,501 sq ft
Lot Size
0.02 acres
Stories
3
Bedrooms
6
Full Baths
3
Total Rooms
12
Investment Metrics
Units
3
Unit 1 Rent
$3,300/mo · Y
Unit 2 Rent
$3,550/mo · Y
Unit 3 Rent
$3,550/mo · Y
Total Monthly Rent
$10,400/mo
Gross Income
$121,056
Net Operating Income
$105,395
Operating Expenses
$15,661
Water/Sewer Expense
$1,320
Electric Expense
$363
Insurance Expense
$3,114
Cap Rate
6.49%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Unfinished
Laundry
None
Features
None
Exterior
Construction
See Remarks
Architecture
None
Roof
Shingle, Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
On Street
Utilities
Electric
Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$8,613
Assessed Value
$689,305
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Suffolk
Total market time (incl. prior listings)
155 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
2000
Bedrooms
6
Full Bathrooms
3
Living Area
2,501 sq ft
Total Rooms
12
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,501 sq ft above grade
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
2000
Structure Type:
Exterior Materials:
See Remarks
Roof:
Shingle, Rubber
Foundation:
Other
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Paved
Parking & Garage
Parking Features:
On Street
Nearby Schools
School District
Boston School District local
C-
Where Graduates Go
Class of 2021
52%
attend college
38%
4-Year
14%
2-Year
7%
Out of State
7%
Working
School Safety
2024-25
3.7%
Above Average
3.2%
Suspensions
0.3%
In-School
0.5%
Emergency
1.8% below state avg
Elementary Schools
10 schools
F
Tynan Elementary School
0.2 mi
|
#819 of 825
|
Score: 24.7
Dropped 97 spots from last year
-33.5 below state avg
218 students
Diverse
Diverse Student Body
Grades PK-06
St. Peter Academy School
0.6 mi
Grades PK-08
F
Condon K-8 School
0.7 mi
|
#347 of 352
|
Score: 24.2
Improved 11 spots from last year
-34 below state avg
448 students
Diverse
Diverse Student Body
Grades PK-08
D
Dever Elementary School
1.4 mi
|
#768 of 825
|
Score: 31.1
Improved 40 spots from last year
-27.1 below state avg
279 students
Diverse
Rising School
Grades K-06
F
Clap Elementary School
1.4 mi
|
#811 of 825
|
Score: 25.6
Dropped 26 spots from last year
-32.6 below state avg
144 students
Diverse
Diverse Student Body
Grades PK-06
B
Excel Academy Charter School
1.5 mi
|
#149 of 346
|
Score: 56.4
Improved 166 spots from last year
-1.9 below state avg
1,376 students
Moderate
High Graduation Rate
Rising School
Grades 05-12
Saint John Paul II Academy - Columbia
1.5 mi
Grades PK-08
B
Boston Collegiate Charter School
1.6 mi
|
#154 of 346
|
Score: 55.7
Improved 44 spots from last year
-2.5 below state avg
688 students
Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Diverse Student Body
Grades 05-12
F
Blackstone Elementary School
1.8 mi
|
#808 of 825
|
Score: 26.2
Improved 13 spots from last year
-32 below state avg
572 students
Moderate
Grades PK-06
D
Melvin H. King South End Academy
1.9 mi
|
#24 of 25
|
Score: 20.4
Improved 363 spots from last year
-37.8 below state avg
80 students
Diverse
Rising School
Grades PK-12
Middle Schools
10 schools
Middle School Academy
0.7 mi
A
Uncommon Schools - Roxbury Preparatory Dorchester Campus Middle School
2.5 mi
|
#4 of 16
|
Score: 42.5
Improved 187 spots from last year
-15.7 below state avg
1,225 students
Diverse
Rising School
College Ready Curriculum
Grades 05-08
F
Higginson/Lewis K-8 School
2.7 mi
|
#349 of 352
|
Score: 23.2
Improved 3 spots from last year
-35 below state avg
246 students
Diverse
Grades 03-08
Dearborn Middle School
3.0 mi
Mother Caroline Academy
3.1 mi
Grades 05-08
Epiphany School
3.4 mi
Grades 05-08
Nativity Prep School
3.4 mi
Grades 05-08
C
Ohrenberger School
7.7 mi
|
#266 of 352
|
Score: 35.0
Improved 19 spots from last year
-23.2 below state avg
458 students
Diverse
Diverse Student Body
Grades 03-08
UP Academy
0.7 mi
McCormack Middle
1.3 mi
High Schools
10 schools
C
Ruth Batson Academy
1.3 mi
|
#20 of 25
|
Score: 29.1
Improved 345 spots from last year
-29.1 below state avg
584 students
Diverse
8 sports
• 128 athletes
Early College Program
Rising School
Grades 07-12
C
Quincy Upper School
1.5 mi
|
#279 of 346
|
Score: 44.4
Dropped 7 spots from last year
-13.8 below state avg
575 students
Very Diverse
12 sports
• 208 athletes
Diverse Student Body
Grades 06-12
Cathedral High School
1.7 mi
9 sports
• 430 athletes
Grades 07-12
B
Dearborn STEM Academy
2.3 mi
|
#13 of 25
|
Score: 33.4
Improved 356 spots from last year
-24.8 below state avg
565 students
Moderate
10 sports
• 242 athletes
Early College Program
Rising School
Grades 07-12
Newman School
2.5 mi
Grades 07-12
A-
O'Bryant School of Math & Science
2.7 mi
|
#90 of 346
|
Score: 61.6
Improved 94 spots from last year
+3.4 above state avg
1,518 students
Very Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Diverse Student Body
Grades 07-12
A+
Boston Latin Academy
2.8 mi
|
#2 of 25
|
Score: 64.9
Improved 214 spots from last year
+6.7 above state avg
1,669 students
Very Diverse
17 sports
• 1,298 athletes
Strong AP Program
High Graduation Rate
Rising School
Strong Athletics
Grades 07-12
C-
East Boston High School
3.1 mi
|
#300 of 346
|
Score: 38.2
Improved 36 spots from last year
-20 below state avg
1,181 students
Moderate
14 sports
• 584 athletes
Early College Program
Rising School
Grades 07-12
D
Charlestown High School
3.2 mi
|
#319 of 346
|
Score: 32.9
Improved 52 spots from last year
-25.4 below state avg
646 students
Diverse
11 sports
• 488 athletes
Early College Program
Rising School
Grades 07-12
A+
Boston Latin School
3.2 mi
|
#20 of 346
|
Score: 73.7
Improved 60 spots from last year
+15.5 above state avg
2,382 students
Very Diverse
18 sports
• 2,006 athletes
Strong AP Program
High Graduation Rate
Rising School
Strong Athletics
Grades 07-12
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Monthly Payment Calculator
Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$718
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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$0
Total interest paid
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Rate Impact
-0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
South Boston
550 E 3rd Street, Boston MA 02127
Boston, MA 02127
Listing Information
Listing Agent
Kelleher - Pentore Team
Listing Office
Horvath & Tremblay
Office Phone
781-776-4000
Agent MLS ID
TM359859
Office MLS ID
AN2723
Listing Data Updated
Sep 18, 2026 11:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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