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You are here:
144 Days on Boston Pads
15 Photos
$1,850,000
3 Unit
6 Beds
3 Baths
2501 SQFT
0.02 Acre
550 E 3rd Street
Boston, MA 02127

Property Description

550 E 3rd Street consists of a three-story building containing three (3), 2-Bedroom/1-Bathroom units. 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. 550 E 3rd Street offers the opportunity to acquire a fully leased investment in an exceptional, urban-infill location.

Property Overview

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public Transportation, Shopping, T-Station, University

Financial

  • APOD Available: Yes
  • Gross Operating Income: 124800
  • Gross Expenses: 19356
  • Net Operating Income: 105444

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 2000
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73404193
  • Last Updated: 11/03/25

Date Event Price Price/Sq Ft Source
11/03/2025Active$1,850,000$740MLSPIN
10/30/2025Extended$1,850,000$740MLSPIN
10/03/2025Active$1,850,000$740MLSPIN
09/29/2025Extended$1,850,000$740MLSPIN
08/29/2025Active$1,850,000$740MLSPIN
08/25/2025Extended$1,850,000$740MLSPIN
07/18/2025Active$1,850,000$740MLSPIN
07/14/2025New$1,850,000$740MLSPIN
03/30/2024Expired$1,925,000$625MLSPIN
02/29/2024Temporarily Withdrawn$1,925,000$625MLSPIN
02/26/2024Extended$1,925,000$625MLSPIN
02/11/2024Active$1,925,000$625MLSPIN
02/07/2024Price Change$1,925,000$625MLSPIN
02/05/2024Active$2,000,000$650MLSPIN
02/01/2024Reactivated$2,000,000$650MLSPIN
02/01/2024Expired$2,000,000$650MLSPIN
12/19/2023Active$2,000,000$650MLSPIN
12/15/2023New$2,000,000$650MLSPIN
12/04/2023Killed$1$0MLSPIN
12/04/2023Killed$1$0MLSPIN
11/30/2023Temporarily Withdrawn$1$0MLSPIN
11/27/2023New$1$0MLSPIN

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View Breakdown

Map & Resources

Tynan Elementary School

Public Elementary School, Grades: PK-6

0.13mi

St Peter Academy

Private School, Grades: K - 8

0.25mi

South Boston Catholic Academy

Private School, Grades: PK-5

0.41mi

South Boston Catholic Academy

Private School, Grades: PK-8

0.41mi

Excel High School

Public Secondary School, Grades: 9-12

0.45mi

Murphy's Law

Bar

0.14mi

Stats Bar & Grille

Bar

0.4mi

Shamrock Pub

Bar

0.42mi

Molly Moo's

Ice Cream (Cafe)

0.11mi

Starbucks

Coffee Shop

0.13mi

Boston Bagel Company

Sandwich (Cafe)

0.14mi

Roza Lyons

Restaurant

0.09mi

Village Pizza & Grill

Italian Restaurant

0.12mi

Boston Police Harbor Unit

Local Police

0.49mi

Boston Fire Department Engine 2, Ladder 19

Fire Station

0.12mi

The Distillery Gallery

Gallery

0.23mi

Lincoln Square

Park

0.22mi

Medal of Honor Park

Municipal Park

0.22mi

Christopher Lee Playground

Municipal Park

0.23mi

East First Street Dog Park

Park

0.3mi

Thomas J. Butler Memorial Park

Park

0.36mi

Thomas Park

National Park

0.45mi

East First Street Dog Park

Dog Park

0.31mi

South Boston Bowlarama

Bowling Alley

0.26mi

Bank of America

Bank

0.42mi

Ottavio's Barber Shop

Hairdresser

0.39mi

South Boston Branch Library

Library

0.08mi

The Island Store

Convenience

0.37mi

Stop & Shop

Supermarket

0.1mi

E Broadway @ K St

10
9

0.07mi

E Broadway @ K St

10
9

0.08mi

L St @ E 3rd St

7

0.11mi

E Broadway @ L St

10
9

0.12mi

L St @ E 2nd St

7

0.12mi

L St @ Broadway

7
9

0.12mi

E Broadway @ L St

10
9

0.13mi

E Broadway @ I St

10
9

0.13mi

Seller's Representative: Kelleher - Pentore Team, Horvath & Tremblay
MLS ID#: 73404193

© 2025 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 2025-11-03 03:05:00