20 Grimes Street
$3,100,000
12
Beds
8/2
Baths
4,313
Sqft
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$3,100,000
12
Beds
8/2
Baths
4,313
Living Area
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Property Description
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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Highlights
- Area: South Boston
- Parking Spots: 4
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 27
- Status: Active
- Levels: 9
- Property Class: Residential Income
- Stories: 9
- Year Built: 1885
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Additional Details
- Construction: Frame
- Foundation: Concrete Perimeter
- Total Number of Units: 3
- Year Built Source: Public Records
- Flooring: Tile, Hardwood
- SqFt Source: Owner
- Year Built Details: Renovated Since
- Zoning: R3
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
- Parking Features: Leased
- Covered Parking Spaces: 4
- Waterfront Features: Beach Front, 1/2 to 1 Mile To Beach
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $2,315,000
- Taxes: $26,808
- Tax Year: 2025
- Total Rent: $20,150
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Listing information provided courtesy of Burns Realty & Investments.
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