550 E 3rd Street, Boston, MA 02127
$1,625,000 · For sale
- 2,501 sq ft
- Multi-Family
- Built 2000
- MLS #73579556
The Property consists of a three-story building containing three (3), 2-Bedroom/1-Bathroom units with 2,501 square feet of living area in 3,752 gross square feet on a 0.024-acre parcel. The building has separate utilities and the tenants are responsible for their own electricity, gas fired heat (forced air), hot water, central air conditioning, and a gas stove. The building is also fully sprinklered. Unit three has been renovated and features hardwood floors, white shaker cabinets and quartz countertops. Unit one features hardwood floors, and both units one and two will benefit from cosmetic updates to the flooring (unit two), kitchen cabinets and bathrooms. The Property has been well maintained and is currently leased at below market rates offering the opportunity to significantly increase rents to market rates via programmatic updates to the unrenovated units. Centrally located in the heart of South Boston and 1.2 miles to Broadway Station and 1.7 miles to Boston’s South Station, the Property offers the rare opportunity to acquire an outstanding core asset in an incredible urban-infill location in one of the strongest real estate markets in the country.
About this address
550 E 3rd Street is a multi-family home for sale in Boston, MA 02127 with 2,501 square feet, asking $1,625,000. It was built in 2000. It has been on our site since October 15, 2026.
At $650 a square foot, it compares with a median of $417 among the 293 other multi-family homes for sale in Boston with a stated size.
The whole property at this address is assessed at $699,920 for fiscal year 2023. It last sold for $1,450,000 in July 2020. The assessor lists a lot of 0.17 acres.
It scores 94 out of 100 for walkability, from how close everyday places are.
The closest train or subway stop is Broadway (MBTA Red Line), about 1.1 miles away. The closest bus stop is E Broadway @ K St (MBTA routes 9, 10), about 0.1 miles away.
The closest public schools by level are Tynan Elementary School (0.2 miles) and Excel High School (0.4 miles). The district decides which school serves an address.
Listing information from MLS Property Information Network (MLS PIN), MLS #73579556, deemed reliable but not guaranteed. Prices are compared with other homes listed on this site today. Trains and buses come from the transit agencies’ published schedules and schools from the National Center for Education Statistics. Distances are straight-line. Assessed values and past sales are public records from municipal assessors, published by MassGIS. An assessed value is set for taxation and may differ from market value.
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