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You are here:
Home Massachusetts Boston South Boston Multi-Family Homes for Sale

240-244 W 3rd Street Boston, MA 02127

28 Days on Boston Pads
Price Reduced $300,000
41 Photos
$3,599,000
6 Unit
12 Beds
11 Baths
6009 SQFT
0.09 Acre
240-244 W 3rd Street
Boston, MA 02127

Property Description

Attention Investors! Feast your eyes on this rare offering—a six-unit building with an extra lot for parking strategically located for maximum tenant convenience. The property, comprising two three-family houses and a third parcel for parking (3 tax bills), has been lovingly maintained by long-term owners. Although below market (all TAWs), the current rents suggest a potential monthly income of $22K ($264K/Year) with just a hint of cosmetic work in two apartments. Five of the six units are two beds and two baths, and the sixth is two beds and one bath. The location, just two blocks from the West Broadway shops and minutes to the Seaport is a tenant's paradise.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 12
  • Total Full Baths: 11
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public Transportation, Shopping, Tennis Court, T-Station, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Unfinished Basement, Walk Out
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: No
  • Gross Operating Income: 160800
  • Net Operating Income: 129600

Utilities

  • Electric Info: 100 Amps, Other (See Remarks)
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: MWRA

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1905
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Granite
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73287167
  • Last Updated: 10/07/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
10/03/2024Price Change$3,599,000$599MLSPIN
09/13/2024Active$3,899,000$649MLSPIN
09/09/2024New$3,899,000$649MLSPIN

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Map & Resources

St. Peter Academy School

Private School, Grades: PK-8

0.17mi

Condon K-8 School

Public Elementary School, Grades: PK-8

0.24mi

Boston Collaborative High School

Public Secondary School, Grades: 9-12

0.37mi

UP Academy Charter School of Boston

Charter School, Grades: 6-8

0.37mi

Excel High School

Public Secondary School, Grades: 9-12

0.41mi

City Auto School

Driving School

0.23mi

Stats Bar & Grille

Bar

0.22mi

Caffè Nero

Coffee Shop

0.11mi

Broadway's Pastry & Coffee Shop

Coffee Shop

0.21mi

Olga's Kafe

Cafe

0.29mi

Pizza Pie-er

Pizzeria

0.45mi

Dunkin'

Donut & Coffee Shop

0.45mi

JP Licks

Ice Cream Parlor

0.1mi

Loco Taqueria & Oyster Bar

Seafood & Mexican Restaurant

0.1mi

Boston Police Department South Boston Neighborhood Station

Local Police

0.42mi

Boston Fire Department Engine 39, Ladder 18

Fire Station

0.17mi

Boston Fire Department Engine 2, Ladder 19

Fire Station

0.59mi

The Distillery Gallery

Gallery

0.3mi

Boston Convention & Exhibition Center

0.38mi

Rock Spot Climbing

Fitness Centre. Sports: Climbing

0.46mi

PKL Boston

Sports Centre. Sports: Pickleball, Shuffleboard, Cornhole

0.43mi

Thomas Park

National Park

0.35mi

Flaherty Park

Park

0.36mi

The Lawn on D

Park

0.38mi

Channel Center Park

Park

0.44mi

Buckley Playground

Playground

0.07mi

Sweeney Playground

Playground

0.21mi

Swing Time

Playground

0.42mi

South Boston Bowlarama

Bowling Alley

0.34mi

TD Bank

Bank

0.15mi

Bank of America

Bank

0.16mi

City of Boston Credit Union

Bank

0.38mi

Mass Bay Credit Union

Bank

0.45mi

Ottavio's Barber Shop

Hairdresser

0.14mi

Thai Spa West Broadway

Massage

0.35mi

Southie Gas

Gas Station. Self Service: Yes

0.45mi

J&J Mini-Mart

Convenience

0.38mi

Foodie's Market

Supermarket

0.23mi

W Broadway @ E St

9

0.1mi

W Broadway @ F St

9

0.1mi

W Broadway @ E St

9

0.1mi

W Broadway @ F St

9

0.13mi

442 W Broadway

9

0.16mi

W Broadway @ D St

9

0.18mi

W Broadway @ D St

9

0.21mi

W Broadway @ Dorchester St

9

0.21mi

Seller's Representative: Jackie Rooney Team, Rooney Real Estate, LLC
MLS ID#: 73287167

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-10-07 03:05:00

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