512 East 3rd Street
$1,625,000
4
Beds
4
Baths
2,717
Sqft
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$1,625,000
4
Beds
4
Baths
2,717
Living Area
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Property Description
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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Highlights
- Area: South Boston
- Property Class: Residential Income
- Stories: 4
- Year Built: 1890
- Levels: 4
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 13
- Status: Active
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
- Exclusions: Tenant's Belongings.
- Foundation: Stone
- Lot Features: Gentle Sloping
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Res
- Basement: Partially Finished, Walk-Out Access
- Flooring: Tile, Hardwood, Other
- Interior Features: Living Room, Dining Room, Kitchen, Office/Den
- Roof: Rubber
- Total Number of Units: 3
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Marina, Private School, Public School, T-Station
- Waterfront Features: 1/2 to 1 Mile To Beach, Beach Ownership(Public)
- Parking Features: On Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,505,600
- Tax Year: 2026
- Total Rent: $7,800
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $18,843
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Listing information provided courtesy of Gibson Sotheby's International Realty.
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