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

574 East 3rd Street Boston, MA 02127

$1,999,000
3 Unit
9 Beds
3 Baths
3639 SQFT
0.11 Acre
574 East 3rd Street
Boston, MA 02127

Property Description

Large, Detached South Boston 3 Family! This “East Side” Southie multifamily property is fully rented with an annual gross income of $126,000 and all leases going until 8/31/26. This multi-generational, longtime family-owned home and income property has an outstanding rental history and presents an opportunity for a continued long-term hold (with TLC, as is, or with value-add renovations), a condo conversion, redevelopment, or eventual owner occupancy. Situated on a 4,800 sq. ft. lot with a large backyard, this building features an unfinished basement and three spacious 3 BR / 1 BA apartments with laundry in each unit, bay windows, hardwoods, back porches, and nicely sized bedrooms. Fantastic location in the heart of South Boston, in close proximity to the Edison Plant redevelopment, East Broadway, The Seaport, Castle Island, Carson Beach, the MBTA, and all that Southie and Boston have to offer. Outstanding opportunity in one of the nation’s most sought after multifamily markets!

Property Overview

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Laundromat, Marina, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Storage, Tile Floor
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 126000
  • Net Operating Income: 126000

Utilities

  • Heat Zones: 3
  • Electric Info: 100 Amps, Individually Metered, Other (See Remarks)
  • Utility Connections: Washer Hookup, for Gas Dryer, for Gas Range
  • 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

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 3 Family
  • Construction Type: Aluminum, Brick, Frame, Stone/Concrete
  • Foundation Info: Brick, Fieldstone
  • Flooring Type: Hardwood, Laminate, Tile, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73448723
  • Last Updated: 11/25/25

Date Event Price Price/Sq Ft Source
11/25/2025Contingent$1,999,000$549MLSPIN
11/01/2025Active$1,999,000$549MLSPIN
10/28/2025New$1,999,000$549MLSPIN

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Map & Resources

Tynan Elementary School

Public Elementary School, Grades: PK-6

0.16mi

St Peter Academy

Private School, Grades: K - 8

0.27mi

South Boston Catholic Academy

Private School, Grades: PK-8

0.36mi

South Boston Catholic Academy

Private School, Grades: PK-5

0.37mi

Perry Elementary School

Public Elementary School, Grades: PK-6

0.46mi

Murphy's Law

Bar

0.11mi

Shamrock Pub

Bar

0.44mi

Stats Bar & Grille

Bar

0.44mi

Molly Moo's

Ice Cream (Cafe)

0.07mi

Starbucks

Coffee Shop

0.1mi

Boston Bagel Company

Sandwich (Cafe)

0.11mi

Village Pizza & Grill

Italian Restaurant

0.08mi

Roza Lyons

Restaurant

0.09mi

Boston Police Harbor Unit

Local Police

0.48mi

Boston Fire Department Engine 2, Ladder 19

Fire Station

0.12mi

The Distillery Gallery

Gallery

0.27mi

Christopher Lee Playground

Municipal Park

0.18mi

Medal of Honor Park

Municipal Park

0.18mi

Lincoln Square

Park

0.19mi

East First Street Dog Park

Park

0.26mi

Thomas J. Butler Memorial Park

Park

0.31mi

East First Street Dog Park

Dog Park

0.26mi

South Boston Bowlarama

Bowling Alley

0.3mi

Ottavio's Barber Shop

Hairdresser

0.43mi

South Boston Branch Library

Library

0.12mi

The Island Store

Convenience

0.34mi

Stop & Shop

Supermarket

0.09mi

L St @ E 3rd St

7

0.07mi

E Broadway @ K St

10
9

0.08mi

L St @ E 2nd St

7

0.08mi

L St @ Broadway

7
9

0.08mi

E Broadway @ L St

10
9

0.09mi

E Broadway @ K St

10
9

0.09mi

E Broadway @ L St

10
9

0.1mi

Summer St @ E 1st St

7

0.12mi

Seller's Representative: Matthew Giangregorio, Charlesgate Realty Group, llc
MLS ID#: 73448723

© 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 2025-11-25 14:06:00

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