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428-432 East Third Street, Boston MA 02127

Boston, MA 02127
$4,000,000
Est. $20,427/month
9
Beds
13.5
Baths
8,024
Sq Ft
$499
Price/Sq Ft
0.06
Acres
1899
Year Built
5-9 Family
Type
178
Days on Market
Active Listed Jun 11, 2025 • MLS# 73389286 Copied!

About this home

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.

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1899
Bedrooms
9
Full Bathrooms
9
Half Bathrooms
9
Living Area
8,024 sq ft
Total Rooms
18
Stories
18
Levels
18

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1899
Living Area 8,024 sq ft
Lot Size 0.06 acres
Bedrooms 9
Full Baths 9
Half Baths 9
Total Rooms 18

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Fireplaces 18
Basement None
Laundry None
Features None

Exterior

Construction Brick, Stone
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $9
Assessed Value $9

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1899
Structure Type:
Exterior Materials: Brick, Stone
Roof: Rubber
Foundation: Concrete Perimeter, Brick/Mortar
Stories: 18

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
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:

Special Features

Fireplaces: 18
Fireplace Type:
Community Amenities:

Location

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Neighborhood

428-432 East Third Street, Boston MA 02127

Boston, MA 02127

Walkability

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Schools

School information not available

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Jun 11, 2025
$4,000,000
Original listing
Agent: Christopher Sower

Price & Status History

Date Event Price Change
Jun 11, 2025 New Listing Added $4,000,000 —

Market Statistics

Days on Market
178 days
Price per Sq Ft
$499

Tax History

Year Taxes Assessment
9 $9 $9

Financial Details

Annual Property Tax
$9
Tax Year 9
Assessed Value
$9

Listing Information

Listing Agent Christopher Sower
Listing Office Cushman & Wakefield
Agent MLS ID CT003909
Office MLS ID AN6656
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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428-432 East Third Street, Boston MA 02127 - Photo 1 428-432 East Third Street, Boston MA 02127 - Photo 2 428-432 East Third Street, Boston MA 02127 - Photo 3 428-432 East Third Street, Boston MA 02127 - Photo 4 428-432 East Third Street, Boston MA 02127 - Photo 5 428-432 East Third Street, Boston MA 02127 - Photo 6 428-432 East Third Street, Boston MA 02127 - Photo 7 428-432 East Third Street, Boston MA 02127 - Photo 8 428-432 East Third Street, Boston MA 02127 - Photo 9 428-432 East Third Street, Boston MA 02127 - Photo 10

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