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574 East 3rd Street, Boston MA 02127

Boston, MA 02127 • South Boston
$1,999,000
Est. $11,905/month
9
Beds
3
Baths
3,639
Sq Ft
$549
Price/Sq Ft
0.11
Acres
1890
Year Built
40
Days on Market
Pending Listed Oct 28, 2025 • MLS# 73448723 Copied! • Updated Dec 9, 2025

About this home

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!

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Recently Sold Nearby

Property History

Market Insights

Property Timeline

Pending Sale
Nov 24, 2025
Offer accepted, sale pending
🏠
Listed for Sale
Oct 28, 2025
$1,999,000
Original listing
Agent: Matthew Giangregorio Office: Charlesgate Realty Group, llc
🏠
Listed for Sale
Oct 28, 2025
$1,999,000
Original listing
Office: Charlesgate Realty Group, llc

Tax History

Year Taxes Assessment
2025 $19,165 $1,655,000

Financial Details

Annual Property Tax
$19,165
Tax Year 2025
Assessed Value
$1,655,000

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1890
Living Area 3,639 sq ft
Lot Size 0.11 acres
Bedrooms 9
Full Baths 3
Total Rooms 18

Investment Metrics

Units 3
Unit 1 Rent $3,500/mo · Y
Unit 2 Rent $3,600/mo · Y
Unit 3 Rent $3,400/mo · Y
Total Monthly Rent $10,500/mo
Gross Income $126,000
Net Operating Income $126,000
Cap Rate 6.30%
Heating Natural Gas
Cooling Window Unit(s)
Flooring Tile, Vinyl, Varies, Laminate, Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Full, Interior Entry, Concrete, Unfinished
Laundry Gas Dryer Hookup, Washer Hookup
Features Storage, Living Room, Kitchen, Laundry Room
Construction Frame, Brick, Stone
Architecture None
Roof None
Features Balcony/deck
Pool None
Spa None
Fencing Fenced
Patio/Porch Porch, Deck
Features On Street
Electric 100 Amp Service, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Dryer, Washer Hookup

Financial

Annual Tax $19,165
Assessed Value $1,655,000
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Property Sold As Is. Seller Reserves The Right To Accept An Offer At Any Time. Units Separately Metered Except For Water/sewer. Please Allow 24 Hours For Seller Review On Offers. All Units Leased Until 8/31/26
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Sq Ft Disclosures Living Area does not include unfinished basement. Total area is 5,043 Sq. Ft. per public record.
Documents None
County Suffolk
Total market time (incl. prior listings) 42 days

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1890
Bedrooms
9
Full Bathrooms
3
Living Area
3,639 sq ft
Total Rooms
18
Stories
3
Levels
3

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, Vinyl, Varies, Laminate, Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features: Storage, Living Room, Kitchen, Laundry Room
Windows: Skylight(s)
Basement: Full, Interior Entry, Concrete, Unfinished
Laundry: Gas Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1890
Structure Type:
Exterior Materials: Frame, Brick, Stone
Roof:
Foundation: Stone, Brick/Mortar
Stories: 3

Heating, Cooling & Utilities

Heating: Natural Gas
Heating Zones: 3
Cooling: Window Unit(s)
Hot Water: Natural Gas, Tank
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony/Deck
Patio & Porch: Porch, Deck
Fencing: Fenced
Other Structures:
Lot Features: Level
Road Surface:

Parking & Garage

Parking Features: On Street

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
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
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,597
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
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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

574 East 3rd Street, Boston MA 02127

Boston, MA 02127

Listing Information

Listing Agent Matthew Giangregorio
Listing Office Charlesgate Realty Group, llc
Office Phone 617-587-0100
Agent MLS ID CT004340
Office MLS ID NB1520
Listing Data Updated Dec 9, 2025 3:05 AM EST
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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