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INVESTMENT SNAPSHOT
About this property
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.
Property details
| Units | 3 |
| Living area | 2,501 sqft |
| Lot size | 1,045 sqft |
| Year built | 2000 |
| Price / sqft | $650 |
| County | Suffolk |
| MLS # | 73579556 |
Listing status
| Days on market | 0 days |
| Listed on | September 18, 2026 |
Taxes & financials
| Annual property tax | $8,613 |
| Tax year | 2026 |
| Assessed value | $689,305 |
| Zoning | A |
| Gross income (actual) | $121,056/yr |
| Net operating income (actual) | $105,395/yr |
| Total actual rent | $10,400/mo |
| Electric expense | $363/yr |
| Insurance expense | $3,114/yr |
Building & lot
| Stories | 3 |
| Total rooms | 12 |
| Lot size | 0.02 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Parking | On Street |
| Basement | Unfinished |
| Foundation | Other |
| Roof | Shingle, Rubber |
| Construction | See Remarks |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 550 E 3rd Street, Boston MA 02127 have?
It is a 3-unit multi-family property with 2,501 sqft of living area, built in 2000.
How long has 550 E 3rd Street, Boston MA 02127 been on the market?
550 E 3rd Street, Boston MA 02127 has been listed for 0 days (since September 18, 2026).
What is the price per unit?
At a list price of $1,625,000 across 3 units, that works out to roughly $541,667 per unit.
What are the property taxes on 550 E 3rd Street, Boston MA 02127?
Annual property taxes are $8,613 (2026), on an assessed value of $689,305.
What is the price per square foot?
At $1,625,000 for 2,501 sqft, that's about $650 per square foot.
Where is this property located?
550 E 3rd Street, Boston MA 02127 is in Boston, Suffolk County, MA 02127.
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