1. Massachusetts
  2. Boston
  3. 428-432 East Third Street
$4,000,000

428-432 East Third Street, Boston, MA 02127

  • 9 beds |
  • 18 baths |
  • 8,024 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1899
  • Property Lot Size Icon2,614sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $499/sqft
  • Property List Date Icon Listed 10 days ago

Property Description

Presenting 428-432 E Third St, a tremendous investment opportunity located in the heart of South Boston comprised of a 3 story, 9-unit apartment building. Although meticulously maintained by ownership, the property presents significant value-add opportunity to increase rents through cosmetic improvements. The property is currently 100% leased at below market rents. Additionally, the property presents a potential condominium conversion opportunity. 428-432 E Third is part of a larger portfolio with 444 E Third St, the longtime home of USPS. The two sites total 21,543 SF of development potential.

Listing Status:
Active
Date Added:
June 11, 2025 at 05:00AM
Listing Office:
Cushman & Wakefield : 617-204-4134
Listing Agent:
Christopher Sower : 617-816-5257
MLS ID:
73389286
  • Fireplace: FireplaceFireplaces: 18

This listing courtesy of Christopher Sower, Cushman & Wakefield

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

Joseph P. Tynan Elementary School

650 E 4th St, South Boston, MA, 02127

Grades PK-5

0.23 miles away

J

James Condon K-8 School

200 D St, South Boston, MA, 02127

Grades PK-8

0.54 miles away

E

Excel High School

95 G St, South Boston, MA, 02127

Grades 9-12

0.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.