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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.

More Info

Basic Information

  • Gross Income $121,056
  • Lot Features Other
  • Mls StatusNew
  • Parcel Number 3340350
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Road Frontage DescriptionPaved

Location

  • Address550 E 3rd Street
  • Building Number550
  • CountySuffolk
  • NeighborhoodSouth Boston
  • StateMA
  • StreetE 3rd Street
  • SubdivisionSouth Boston
  • TownBoston
  • Zip02127

Property Information

  • Building Area Source Public Records
  • Living Area 2,501
  • Lot Size Square Feet 1,045
  • Lot Size Units Acres
  • Square Feet2,501

Tax Information

  • Tax Assessed Value $689,305
  • Tax Year 2026
  • Taxes$8,613

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms6
  • Full Bath3

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • Construction Materials See Remarks
  • FoundationOther
  • Levels 3
  • Rooms12
  • Stories3
  • Units3
  • Year Built2000
  • Year Built Details Approximate
  • Year Built Source Public Records

Water Body

  • Miles to Beach1
  • Waterfront Features Ocean,1/2 to 1 Mile To Beach, Beach Ownership(Public)

Other

  • Date Listed09/18/2026
  • Farm Land Area Units Square Feet

Parking

  • Open Parking YN Yes
  • Parking Features On Street
  • Parking Spaces

Basic Information

  • List Price$1,625,000
  • MLS Number73579556
  • Modification Date09/18/2026
  • Property SubType3 Family - 3 Units Up/Down

Property

  • Acreage0.02

Exterior

  • RoofShingle, Rubber

Utilities

  • Electric Individually Metered
  • Electric Expense 363
  • Sewer Public Sewer
  • Water Source Public

Amenities

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

Map Location

Listed by Kelleher - Pentore Team of Horvath & Tremblay

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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