428-432 East Third Street new Save Request In-Person Tour Request Virtual Tour
Boston,MA 02127
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,024 sqft
Price per Sqft $498
MLS Listing ID 73389286
Bedrooms 9
Full Baths 9
Half Baths 9
Year Built 1899
Annual Tax Amount $9
Tax Year 9
Lot Size 2,613 Sqft
Property Sub-Type 5-9 Family
Property Description
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.
Location
State MA
County Suffolk
Zoning 9
Interior
Fireplaces Number 18
Exterior
Roof Type Rubber
Building
Lot Description Other
Story 18
Foundation Concrete Perimeter,Brick/Mortar
Sewer Public Sewer
Water Public