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512 East 3rd Street, Boston MA 02127

Boston, MA 02127 • South Boston
$1,749,000
Est. $10,614/month
4
Beds
4
Baths
2,717
Sq Ft
$644
Price/Sq Ft
0.05
Acres
1890
Year Built
20
Days on Market
Active Listed Jun 15, 2026 • MLS# 73536178 Copied! • Updated Jun 19, 2026

About this home

Attention, all savvy owner-occupants, investors, and developers: Absolutely Perfect Eastside Location in South Boston! Superior South-facing three-family home with amazing outdoor space & individual decks! Tremendous potential with a 2,350 SF lot! Currently, there is over 2,700 square feet of living space with the possibility of expanding into the massive backyard. Ideal for a 1031 exchange, condominium conversion, or as a long-term rental investment. Each apartment has highly desirable floor plans & there has never been a vacancy. Tenants pay utilities, and rents are currently well below market rate. Hold and collect rents or renovate to significantly improve this wonderful income generator! Minutes from everything, including the beach, bus routes, restaurants, Seaport, and more! This premier location is poised for continued appreciation, with numerous nearby developments and new amenities underway. Showings by appointment only.

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Property History

Property Timeline

🏠
Listed for Sale
Jun 15, 2026
$1,749,000
Original listing
Agent: Frank Celeste Office: Gibson Sotheby's International Realty

Tax History

Year Taxes Assessment
2026 $18,844 $1,505,600

Financial Details

Annual Property Tax
$18,844
Tax Year 2026
Assessed Value
$1,505,600

Facts & Features

Home Facts

Type Residential Income
Style 3 Family - 3 Units Up/Down
Year Built 1890
Living Area 2,717 sq ft
Lot Size 0.05 acres
Bedrooms 4
Full Baths 4
Total Rooms 13

Investment Metrics

Units 3
Unit 1 Rent $2,900/mo · Y
Unit 2 Rent $2,700/mo · Y
Unit 3 Rent $2,200/mo · Y
Total Monthly Rent $7,800/mo
Gross Income $93,600
Net Operating Income $93,600
Cap Rate 5.35%
Heating None
Cooling None
Flooring Tile, Hardwood, Other
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Partially Finished, Walk-out Access
Laundry None
Features Living Room, Dining Room, Kitchen, Office/den
Construction None
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing Fenced/enclosed, Fenced
Patio/Porch Deck
Features On Street
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $18,844
Assessed Value $1,505,600
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Some Photos Have Been Virtually Enhanced. Unit 2 Will Be Vacant As Of 9/1/2027.
Exclusions Tenants Belongings.
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
1890
Bedrooms
4
Full Bathrooms
4
Living Area
2,717 sq ft
Total Rooms
13
Stories
4
Levels
4

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Tile, Hardwood, Other
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Living Room, Dining Room, Kitchen, Office/Den
Windows:
Basement: Partially Finished, Walk-Out Access
Laundry:
Security:

Construction & Materials

Year Built: 1890
Structure Type:
Exterior Materials:
Roof: Rubber
Foundation: Stone
Stories: 4

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Deck
Fencing: Fenced/Enclosed, Fenced
Other Structures:
Lot Features: Gentle Sloping
Road Surface:

Parking & Garage

Parking Features: On Street

Nearby Schools

School information not available for this location.

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 $1,570
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.

Location

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Neighborhood

South Boston

512 East 3rd Street, Boston MA 02127

Boston, MA 02127

Listing Information

Listing Agent Frank Celeste
Listing Office Gibson Sotheby's International Realty
Office Phone 617-242-4222
Agent MLS ID BB802670
Office MLS ID BB9059
Listing Data Updated Jun 19, 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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Steven Novak
Steven Novak
BMN Boston Real Estate
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Steven Novak

Steven Novak

BMN Boston Real Estate

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