$1,625,000
 $8,723 est/mo Sourced by Back At You

550 E 3rd Street,Boston, MA 02127

Boston, MA 02127

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Description

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.

Details

MLS #73579556
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2000
Days On Site12
Listing Provided ByHorvath & Tremblay | Kelleher - Pentore Team

Features

Bed(s)6
Bath(s) 3 Total
SQ Feet2,501
BasementY
Story(s)3
Units3
ZoningA
Acreage0.02
Golf CourseYes
Water FrontYes

Interior

Rooms Total12
Fireplaces Total0
Fireplace Yes / NoNo

Exterior

RoofShingle, Rubber
Construction MaterialsSee Remarks
Foundation DetailsOther
Lot FeaturesOther

Parking

Garage Yes / NoNo
Parking FeaturesOn Street
Open Parking Yes / NoYes

Utilities

SewerPublic Sewer
ElectricIndividually Metered

Taxes

Tax Annual Amount8613
Tax Assessed Value689305
Tax Year2026

Location

Community FeaturesPublic Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other
Senior Community Yes / NoNo

Area Information

StateMA
CountySuffolk
CityBoston
Zip Code02127
AreaSouth Boston
Listing VS Median (in 02127)
Price:
$1,625,000
low | high
Med:
$750,000
100% of Average
sqft:
2,501
low | high
Med:
936
100% of Average
$ / sqft:
$650
low | high
Med:
$801
26.676528599606% of Average
On site:
12
low | high
Med:
71
16.901408450704% of Average
Sourced by Back At You

Market Activity 02127

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Learn More About This Property

StateMA
CountySuffolk
CityBoston
Zip Code02127
AreaSouth Boston
Listing VS Median (in 02127)
Price:
$1,625,000
low | high
Med:
$750,000
100% of Average
sqft:
2,501
low | high
Med:
936
100% of Average
$ / sqft:
$650
low | high
Med:
$801
26.676528599606% of Average
On site:
12
low | high
Med:
71
16.901408450704% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.218M - $2.31M
sqft: 1,500 - 3,000
Listing Updated: September 29, 2026 at 7:47:26 AM PDT
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