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574 East 3rd Street

South Boston, Boston, MA 02127
$1,900,000
9 Beds
3 Baths
3,639 Living Area
  • Property Description
    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!
  • Highlights
    • Area: South Boston
    • Heating: Natural Gas
    • Property Class: Residential Income
    • Stories: 3
    • Year Built: 1890
    • Cooling: Window Unit(s)
    • Levels: 3
    • Property Type: 3 Family
    • Total Rooms: 18
    • Status: Closed
  • Additional Details
    • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
    • Construction: Frame, Brick, Stone
    • Flooring: Tile, Vinyl, Varies, Laminate, Hardwood
    • Interior Features: Storage, Living Room, Kitchen, Laundry Room
    • Road Frontage Type: Public
    • Total Number of Units: 3
    • Year Built Source: Public Records
    • Basement: Full, Interior Entry, Concrete, Unfinished
    • Exterior Features: Balcony/Deck
    • Foundation: Stone, Brick/Mortar
    • Lot Features: Level
    • SqFt Source: Public Record
    • Year Built Details: Approximate
    • Zoning: R3
  • Amenities
    • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
    • Waterfront Features: Harbor, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
    • Parking Features: On Street
  • Utilities
    • Electric: 100 Amp Service, Individually Metered
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $1,655,000
    • Tax Year: 2025
    • Total Rent: $10,500
    • Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
    • Taxes: $19,165

Location

574 East 3rd Street, Boston, MA 02127

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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 Douglas Elliman Real Estate - Park Plaza. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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