151 L Street, Boston MA 02127
Boston, MA 02127 • South Boston
$2,250,000
Est. $12,956/month
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About this home
Extensively renovated and thoughtfully improved 3-unit building in a prime East Side South Boston location. This turnkey, free-standing property offers two 3-bedroom units and one 2-bedroom unit, each featuring updated flooring, renovated baths, modern lighting, refreshed kitchens, in-unit laundry, and spacious layouts designed to maximize tenant appeal. Significant capital improvements have transformed the property and in place rents are producing $163,200 in annual gross income. Unit 3 is currently occupied but can be delivered vacant, offering flexibility for an owner-occupant or investor. Separate utilities, gas forced hot air heating, vinyl siding, vinyl windows, and a flat rubber roof contribute to low-maintenance ownership. An interior staircase leads to the roof headhouse, presenting potential for a future roof deck. Ideally located near South Boston's restaurants, beaches, Seaport, Downtown Boston, and more.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jun 22, 2026
$2,250,000
Original listing
Agent: Sophie Shea
Office: Coldwell Banker Realty - Boston
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/22/2026 | 🏠 Listed for Sale | $2,250,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $16,542 | $1,672,900 |
Financial Details
Annual Property Tax
$16,542
Tax Year 2026
Assessed Value
$1,672,900
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1905
Living Area
2,908 sq ft
Lot Size
0.03 acres
Bedrooms
8
Full Baths
3
Total Rooms
17
Investment Metrics
Units
3
Unit 1 Rent
$3,900/mo · Y
Unit 2 Rent
$4,800/mo · Y
Unit 3 Rent
$4,900/mo
Total Monthly Rent
$13,600/mo
Gross Income
$163,200
Net Operating Income
$163,200
Cap Rate
7.25%
Interior
Heating
Forced Air, Natural Gas
Cooling
Window Unit(s)
Flooring
None
Appliances
Range, Refrigerator, Freezer, Washer, Dryer
Fireplace
None
Basement
Concrete, Unfinished
Laundry
None
Features
Living Room, Kitchen
Exterior
Construction
None
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
On Street
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$16,542
Assessed Value
$1,672,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Tax Amount Reflects A Residential Exemption Of $4, 353.74. Some Images Are Virtually Staged. 2 Of 3 Furnaces Are From 2009.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Suffolk
Total market time (incl. prior listings)
4 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1905
Bedrooms
8
Full Bathrooms
3
Living Area
2,908 sq ft
Total Rooms
17
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,908 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Range, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Living Room, Kitchen
Windows:
Basement:
Concrete, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1905
Structure Type:
Exterior Materials:
Roof:
Rubber
Foundation:
Stone, Brick/Mortar
Stories:
3
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas
Cooling:
Window Unit(s)
Hot Water:
Natural Gas, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Parking & Garage
Parking Features:
On Street
Nearby Schools
School District
Boston School District local
C-
Where Graduates Go
Class of 2021
52%
attend college
38%
4-Year
14%
2-Year
7%
Out of State
7%
Working
School Safety
2024-25
3.7%
Above Average
3.2%
Suspensions
0.3%
In-School
0.5%
Emergency
1.8% below state avg
Elementary Schools
10 schools
F
Tynan Elementary School
0.2 mi
|
#816 of 824
|
Score: 24.8
Dropped 94 spots from last year
-33.5 below state avg
227 students
Very Diverse
Diverse Student Body
Grades PK-06
St. Peter Academy School
0.8 mi
Grades PK-08
F
Condon K-8 School
0.9 mi
|
#345 of 352
|
Score: 24.6
Improved 13 spots from last year
-33.6 below state avg
518 students
Diverse
Diverse Student Body
Grades PK-08
D
Dever Elementary School
1.2 mi
|
#752 of 824
|
Score: 32.4
Improved 56 spots from last year
-25.9 below state avg
445 students
Diverse
Rising School
Grades K-06
F
Clap Elementary School
1.3 mi
|
#808 of 824
|
Score: 26.3
Dropped 23 spots from last year
-31.9 below state avg
140 students
Diverse
Diverse Student Body
Grades PK-06
Saint John Paul II Academy - Columbia
1.4 mi
Grades PK-08
B
Boston Collegiate Charter School
1.5 mi
|
#167 of 346
|
Score: 53.7
Improved 31 spots from last year
-4.5 below state avg
708 students
Diverse
Rising School
College Ready Curriculum
Diverse Student Body
Grades 05-12
B
Excel Academy Charter School
1.5 mi
|
#155 of 346
|
Score: 54.9
Improved 160 spots from last year
-3.3 below state avg
1,379 students
Moderate
High Graduation Rate
Rising School
Grades 05-12
C-
Everett Elementary School
1.8 mi
|
#728 of 824
|
Score: 33.7
Dropped 53 spots from last year
-24.5 below state avg
288 students
Diverse
Diverse Student Body
Grades PK-06
F
Blackstone Elementary School
2.0 mi
|
#809 of 824
|
Score: 26.3
Improved 12 spots from last year
-31.9 below state avg
582 students
Moderate
Grades PK-06
Middle Schools
10 schools
Middle School Academy
0.8 mi
A
Uncommon Schools - Roxbury Preparatory Dorchester Campus Middle School
2.4 mi
|
#4 of 16
|
Score: 41.9
Improved 187 spots from last year
-16.3 below state avg
1,126 students
Diverse
Rising School
College Ready Curriculum
Grades 05-08
F
Higginson/Lewis K-8 School
2.8 mi
|
#349 of 352
|
Score: 23.6
Improved 3 spots from last year
-34.6 below state avg
213 students
Diverse
Grades 03-08
Dearborn Middle School
2.9 mi
Mother Caroline Academy
3.0 mi
Grades 05-08
Epiphany School
3.2 mi
Grades 05-08
Nativity Prep School
3.5 mi
Grades 05-08
C
Ohrenberger School
7.6 mi
|
#265 of 352
|
Score: 34.9
Improved 20 spots from last year
-23.3 below state avg
477 students
Diverse
Rising School
Diverse Student Body
Grades 03-08
UP Academy
0.8 mi
McCormack Middle
1.1 mi
High Schools
10 schools
C
Ruth Batson Academy
1.1 mi
|
#19 of 25
|
Score: 27.6
Improved 346 spots from last year
-30.6 below state avg
604 students
Diverse
8 sports
• 128 athletes
Early College Program
Rising School
Grades 07-12
C
Quincy Upper School
1.8 mi
|
#268 of 346
|
Score: 44.6
Improved 4 spots from last year
-13.6 below state avg
557 students
Very Diverse
12 sports
• 208 athletes
High Graduation Rate
Diverse Student Body
Grades 06-12
Cathedral High School
1.8 mi
9 sports
• 430 athletes
Grades 07-12
B
Dearborn STEM Academy
2.4 mi
|
#13 of 25
|
Score: 31.7
Improved 356 spots from last year
-26.6 below state avg
565 students
Diverse
10 sports
• 242 athletes
Early College Program
Rising School
Grades 07-12
Newman School
2.7 mi
Grades 07-12
A+
Boston Latin Academy
2.8 mi
|
#2 of 25
|
Score: 63.9
Improved 214 spots from last year
+5.7 above state avg
1,693 students
Very Diverse
17 sports
• 1,298 athletes
High Graduation Rate
Rising School
Strong Athletics
Diverse Student Body
Grades 07-12
A-
O'Bryant School of Math & Science
2.8 mi
|
#90 of 346
|
Score: 61.1
Improved 94 spots from last year
+2.9 above state avg
1,509 students
Very Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Diverse Student Body
Grades 07-12
C-
East Boston High School
3.4 mi
|
#305 of 346
|
Score: 37.3
Improved 31 spots from last year
-20.9 below state avg
1,252 students
Less Diverse
14 sports
• 584 athletes
Early College Program
Rising School
Grades 07-12
A+
Boston Latin School
3.4 mi
|
#19 of 346
|
Score: 73.3
Improved 61 spots from last year
+15.1 above state avg
2,424 students
Very Diverse
18 sports
• 2,006 athletes
Strong AP Program
High Graduation Rate
Rising School
Strong Athletics
Grades 07-12
D
Charlestown High School
3.5 mi
|
#322 of 346
|
Score: 31.0
Improved 49 spots from last year
-27.2 below state avg
754 students
Diverse
11 sports
• 488 athletes
Early College Program
Rising School
Grades 07-12
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Location
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Neighborhood
South Boston
151 L Street, Boston MA 02127
Boston, MA 02127
Listing Information
Listing Agent
Sophie Shea
Listing Office
Coldwell Banker Realty - Boston
Office Phone
617-242-0025
Agent MLS ID
CN241945
Office MLS ID
AN6194
Listing Data Updated
Jun 26, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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