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    428-432 East 3Rd St Boston, MA 02127

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    For Sale
    $4,000,000

    Investment opportunity in South Boston with value-add potential through cosmetic improvements and possible condo conversion.

    Lot size:
    0.06 Acres

    Property Features for 428-432 East 3Rd St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1899

    Source: Cushman & Wakefield Agent Christopher Sower

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Boston 9-Unit Apartment Building

    This is a 3-story, 9-unit apartment building. The property is located in the heart of South Boston. The property has been meticulously maintained. It presents a value-add opportunity to increase rents through cosmetic improvements. The property is 100% leased at below market rents. There is a potential condominium conversion opportunity. The property is part of a larger portfolio with another site. The two sites total 21,543 square feet of development potential.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.0425812
    Latitude
    42.3365273

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    FAQs

    What type of property is this?
    Apartment building - Investment opportunity in South Boston with value-add potential through cosmetic improvements and possible condo conversion.
    Where is this apartment building located?
    The property is located at 428-432 East 3Rd St Boston, MA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Tremendous investment opportunity in the heart of South Boston.; - Significant value-add opportunity to increase rents through cosmetic improvements.; - Currently 100% leased.
    (617) 816-5257
    Request Owner's contact information
    428-432 East 3Rd St Boston, MA 02127
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    Boston, MA 02127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    428-432 East 3Rd St Boston, MA 02127
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