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.
For sale
$4,000,000
428-432 E 3rd St, Boston, MA 02127
9beds
8,024sqft
Est.:
5-9 Family
Built in 1899
-- sqft lot
$1,458,200 Zestimate®
$499/sqft
$-- HOA
What's special
- 7 days
- on Zillow |
- 183 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: June 15, 2025 at 01:07am
Listed by:
Christopher Sower,
Cushman & Wakefield
Source: MLS PIN,MLS#: 73389286
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 18
- Full bathrooms: 9
- 1/2 bathrooms: 9
Features
- Has basement: No
- Number of fireplaces: 18
Interior area
- Total structure area: 8,024
- Total interior livable area: 8,024 sqft
- Finished area above ground: 8,024
Property
Lot
- Size: 2,769 Square Feet
- Features: Other
Details
- Parcel number: 1414766
- Zoning: 9
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Brick, Stone
- Foundation: Concrete Perimeter, Brick/Mortar
- Roof: Rubber
Condition
- Year built: 1899
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Boston
Financial & listing details
- Price per square foot: $499/sqft
- Tax assessed value: $9
- Annual tax amount: $9
- Date on market: 6/11/2025
- Total actual rent: 19998
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