581 East 8th St
$1,779,999
5
Beds
2
Baths
2,057
Sqft
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$1,779,999
5
Beds
2
Baths
2,057
Living Area
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Property Description
Exceptional investment opportunity in vibrant South Boston! This 2 family gem holds THREE coveted parking spots (Southie gold!) and offers 2 spacious units: Unit 1 features 2 beds, 1 bath, and 850 sq ft, was renting for $3500/mo. Unit 2 is a sunny BILEVEL beauty with 3 beds, 2 baths, and 1207 sq ft, renting for $5000/mo (lease end: 8/31/25). Both units have private decks & in unit laundry! PARKING brings in an additional $325-400 per spot/month! Unbeatable location: 0.2 miles to the beach, conveniently on a bus route and perfectly situated in the middle of all Southie has to offer while still enjoying the feels of East side residential living. Seller has drawn plans available for a rear expansion, potentially adding 1,689 sq ft and converting the third floor into a 3rd unit! Plans have not yet been permitted. Don’t miss out on this prime property with immense growth potential! Can be sold as condos!
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Highlights
- Cooling: Central Air
- Property Class: Residential Income
- Total Rooms: 15
- Status: Active
- Parking Spots: 3
- Property Type: 2 Family - 2 Units Up/Down
- Year Built: 1900
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Additional Details
- Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
- Exterior Features: Balcony/Deck
- Interior Features: Bathroom With Tub & Shower, Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Laundry Room
- Total Number of Units: 2
- Year Built Source: Public Records
- Basement: Unfinished
- Foundation: Other
- Lot Features: Easements
- Year Built Details: Actual
- Zoning: Cm
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Amenities
- Parking Features: Paved Drive, Off Street
- Waterfront Features: Beach Front, Ocean, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,782,800
- Rental Fee Includes: Unit 1(Water), Unit 2(Water)
- Taxes: $19,432
- Compensation Based On: Net Sale Price
- Tax Year: 2024
- Total Rent: $8,500
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