Sold!
$3,650,000
9
Beds
9
Baths
6,018
Living Area
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Property Description
428-432 E 3rd Street consists of a three-story building containing nine (9) units comprised of nine (9), 1-Bedroom/1-Bathroom units with 6,018 square feet of living area in 8,024 gross square feet on a 0.06-arce parcel. The building has separate utilities and the tenants are responsible for their own electricity, gas heat and hot water. The units feature hardwood/luxury vinyl plank flooring, oak colored wood cabinets, and Formica countertops. The building also features coin operated laundry facility in the basement. The Property offers a potential value-add opportunity by duplexing the 1st floor units into the basement area. This configuration can significantly increase the livable square footage and bedroom counts improving overall building revenue. The Property has been well maintained and is currently leased at below market rates, offering the opportunity to increase rents to market rates via lease renewals.
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Highlights
- Area: South Boston
- Property Class: Residential Income
- Stories: 5
- Year Built: 1899
- Levels: 5
- Property Type: 5-9 Family
- Total Rooms: 27
- Status: Closed
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Additional Details
- Basement: Full, Walk-Out Access
- Flooring: Wood, Vinyl
- Lot Features: Level
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: A
- Construction: Brick
- Foundation: Brick/Mortar
- Roof: Rubber
- Total Number of Units: 9
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Highway Access, Public School, T-Station
- Parking Features: On Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $2,396,600
- Taxes: $29,718
- Tax Year: 2026
- Total Rent: $23,325
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Horvath & Tremblay.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
