20 Grimes Street, Boston MA 02127
Boston, MA 02127 • South Boston
$3,000,000
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Sale Statistics
Sale Overview
Original List Price:
$3,100,000
Final Sale Price:
$3,000,000
Difference:
$100,000 (-3.2%)
Performance Metrics
96.8%
List to Sale Ratio
Sold below asking price
22
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$719
Sale $/sq ft:
$696
This property sold for $696 per square foot
Sale Summary
This property sold for 3.2% below the original asking price.
With only 22 days on market, this was a quick sale compared to typical market conditions.
About this home
Exceptional opportunity to own a turn-key 3-unit multifamily asset in one of Boston’s most sought-after neighborhoods. This well-maintained property delivers strong in-place income and a 6% cap rate, ideal for investors seeking immediate cash flow with long-term growth potential. Each unit features 4 bedrooms with modern finishes and consistent rental history. The building sits above 4 garage parking spaces—an increasingly rare and valuable amenity in South Boston. Perfectly located near public transportation, restaurants, shops, and major commuter routes, this property benefits from strong tenant demand and low vacancy. An ideal addition to any investment portfolio.
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Property History
Market Insights
100%
Price Range
24
Total Days on Market
1
Previous Sales
Property Timeline
Current Active Listing - MLS #73579642
Full transaction history available when tracking began
Currently Listed
Sep 18, 2026
$400
MLS #73579642 - Active
Previous Transaction - MLS #73417023
Full transaction history available when tracking began
Previously Sold
Sep 13, 2025
$5,500
MLS #73417023
Sold
Jul 9, 2025
$3,000,000
Property sold
Days on Market: 24
Listed for Sale
May 13, 2025
$3,100,000
Original listing
Agent: Adam Burns
Office: Burns Realty & Investments LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/18/2026 | 🏡 Currently Listed | $400 | - | - | MLS #73579642 - Active |
| 09/13/2025 | 🏷️ Previously Sold | $5,500 | - | - | MLS #73417023 |
| 07/09/2025 | ✓ Sold | $3,000,000 | - | - | Property sold |
| 05/13/2025 | 🏠 Listed for Sale | $3,100,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $26,808 | $2,315,000 |
Financial Details
Annual Property Tax
$26,808
Tax Year 2025
Assessed Value
$2,315,000
Facts & Features
4 Car Garage
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1885
Living Area
4,313 sq ft
Lot Size
0.06 acres
Bedrooms
12
Full Baths
8
Half Baths
2
Total Rooms
27
Investment Metrics
Units
3
Unit 1 Rent
$6,700/mo · Y
Unit 2 Rent
$6,200/mo · Y
Unit 3 Rent
$5,950/mo · Y
Total Monthly Rent
$18,850/mo
Gross Income
$241,800
Net Operating Income
$186,155
Operating Expenses
$55,645
Cap Rate
6.01%
Interior
Heating
None
Cooling
None
Flooring
Tile, Hardwood
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
Fenced/enclosed
Patio/Porch
Patio, Patio - Enclosed
Parking
Garage Spaces
4
Has Garage
Yes
Features
Leased
Total Spaces
8
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$26,808
Assessed Value
$2,315,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
All Three Units Have Leases In Place Through 8/31/2025. Unit 2 Signed Lease Renewal $6, 300/month Through 8/31/2026. Unit 1 & 3 Can Be Leased For 9/1 If Buyer Desires. Additional Monthly Rent Income From Garage Parking Spaces Of $1, 300/month. Listing Broker Has Ownership Interest In Property.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Owner
Documents
None
County
Suffolk
Total market time (incl. prior listings)
24 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
Sold
Year Built
1885
Bedrooms
12
Full Bathrooms
8
Half Bathrooms
2
Living Area
4,313 sq ft
Total Rooms
27
Stories
9
Levels
9
Floor Layout
Interior Features
Flooring:
Tile, Hardwood
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1885
Structure Type:
Exterior Materials:
Frame
Roof:
Foundation:
Concrete Perimeter
Stories:
9
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Patio, Patio - Enclosed
Fencing:
Fenced/Enclosed
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
4
Total Parking Spaces:
8
Parking Features:
Leased
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
3 schools
Perkins Elementary
0.2 mi
St. Peter Academy School
0.2 mi
Grades PK-08
F
Condon K-8 School
0.3 mi
|
#347 of 352
|
Score: 24.2
Improved 11 spots from last year
-34 below state avg
448 students
Diverse
Diverse Student Body
Grades PK-08
Middle Schools
3 schools
Middle School Academy
< 0.1 mi
UP Academy
< 0.1 mi
McCormack Middle
1.2 mi
High Schools
3 schools
F
Boston Collaborative High School
< 0.1 mi
|
#389 of 346
|
Score: 22.8
Dropped 2 spots from last year
282 students
Diverse
Grades 09-12
Excel High
0.4 mi
F
Excel High School
0.4 mi
|
#332 of 346
|
Score: 26.4
Improved 28 spots from last year
-31.8 below state avg
90 students
Very Diverse
11 sports
• 241 athletes
High Graduation Rate
Rising School
Diverse Student Body
Grades 10-12
Learn about these ratings
Location
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Neighborhood
South Boston
20 Grimes Street, Boston MA 02127
Boston, MA 02127
Listing Information
Listing Agent
Adam Burns
Listing Office
Burns Realty & Investments LLC
Office Phone
857-496-7187
Agent MLS ID
CN200504
Office MLS ID
AN2838
Listing Data Updated
Jul 10, 2025 1:27 PM 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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