512 East 3rd Street, Boston MA 02127
Boston, MA 02127 • South Boston
$1,749,000
$1,625,000
Est. $9,987/month
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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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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
7.1%
Price Range
Property Timeline
Price Reduced
Jul 22, 2026
$1,625,000
$74,000
(-4.36%)
From $1,699,000 to $1,625,000 (-4.4%)
Price Reduced
Jul 6, 2026
$1,699,000
$50,000
(-2.86%)
From $1,749,000 to $1,699,000 (-2.9%)
Listed for Sale
Jun 15, 2026
$1,749,000
Original listing
Agent: Frank Celeste
Office: Gibson Sotheby's International Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/22/2026 | ↓ Price Reduced | $1,625,000 | $74,000 | - | From $1,699,000 to $1,625,000 (-4.4%) |
| 07/06/2026 | ↓ Price Reduced | $1,699,000 | $50,000 | - | From $1,749,000 to $1,699,000 (-2.9%) |
| 06/15/2026 | 🏠 Listed for Sale | $1,749,000 | - | - | Original listing |
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
5.76%
Interior
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
Exterior
Construction
None
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
Fenced/enclosed, Fenced
Patio/Porch
Deck
Parking
Features
On Street
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$18,844
Assessed Value
$1,505,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Some Photos Have Been Virtually Enhanced. Unit 1 And 2 Will Be Vacant As Of 9/1/2026.
Exclusions
Tenants Belongings.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Suffolk
Total market time (incl. prior listings)
51 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
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,717 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck
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:
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 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
0.6 mi
Grades PK-08
F
Condon K-8 School
0.7 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
F
Clap Elementary School
1.4 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
D
Dever Elementary School
1.4 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
B
Excel Academy Charter School
1.4 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
Saint John Paul II Academy - Columbia
1.5 mi
Grades PK-08
B
Boston Collegiate Charter School
1.6 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
F
Blackstone Elementary School
1.7 mi
|
#809 of 824
|
Score: 26.3
Improved 12 spots from last year
-31.9 below state avg
582 students
Moderate
Grades PK-06
D
Melvin H. King South End Academy
1.9 mi
|
#24 of 25
|
Score: 20.2
Improved 363 spots from last year
-38.1 below state avg
125 students
Diverse
Rising School
Diverse Student Body
Grades PK-12
Middle Schools
10 schools
Middle School Academy
0.6 mi
A
Uncommon Schools - Roxbury Preparatory Dorchester Campus Middle School
2.5 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
2.7 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
3.0 mi
Mother Caroline Academy
3.1 mi
Grades 05-08
Epiphany School
3.4 mi
Grades 05-08
Nativity Prep School
3.4 mi
Grades 05-08
C
Ohrenberger School
7.7 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
0.6 mi
McCormack Middle
1.3 mi
High Schools
10 schools
C
Ruth Batson Academy
1.4 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
1.5 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
1.6 mi
9 sports
• 430 athletes
Grades 07-12
B
Dearborn STEM Academy
2.3 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
2.4 mi
Grades 07-12
A-
O'Bryant School of Math & Science
2.7 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
A+
Boston Latin Academy
2.7 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
C-
East Boston High School
3.1 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
D
Charlestown High School
3.2 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
A+
Boston Latin School
3.2 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
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,570
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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$0
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Rate Impact
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Payment Over Time
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
Aug 5, 2026 11:25 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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