Turnkey Three-Family
419 E 3rd Street Boston, MA 02127
419 E 3rd Street, Boston, MA, 02127
$2,500,000
For Sale
$2,500,000
Meticulously maintained three-family with central A/C, in-unit laundry, and fully renovated units.
Property Size3,723 SF
Price / SF$671.50
Days on Market71
Property Features for 419 E 3rd Street
General Information
- Standard status
- Active
- Size
- 3,723 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1890
Listing agency
Corcoran Property Advisors
(609) 425-5084
Listed by
Brett Mensinger · License #9550478
Source
Rosenrealty
Added: May 13 Updated: Jul 20 at 4:58PM Checked: Jul 21 at 7:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Property Advisors
Investment Insights
Based on property information with market context.
419 E. 3rd St is a meticulously maintained three-family residence offered for sale for the first time in over a century. The property has been held within the same family since 1913 and has undergone extensive updates over the past 15+ years, with all three units fully renovated since 2008. Each unit features spacious, well-designed layouts with central A/C, in-unit laundry, and abundant storage.
Located in South Boston, residents have access to neighborhood shops, restaurants, and public transportation, with the Seaport nearby.
This is a turn-key, renovated 3-unit building with consistent unit features throughout, including central air conditioning and in-unit laundry for added day-to-day convenience.
Located in South Boston, residents have access to neighborhood shops, restaurants, and public transportation, with the Seaport nearby.
This is a turn-key, renovated 3-unit building with consistent unit features throughout, including central air conditioning and in-unit laundry for added day-to-day convenience.
Key Highlights
- 3‑family building built in 1890
- Extensively updated over the past 15+ years, with units fully renovated since 2008
- All three units feature central A/C
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.7k | $37.80 |
| − Vacancy | −$6.3k | −$1.70 |
| EGI | $134.4k | $36.10 |
| − OpEx | −$40.3k | −$10.83 |
| NOI | $94.1k | $25.27 |
3,723 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.18M – $1.57M
NOI $94,078 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,461 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,145 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Meticulously maintained three-family with central A/C, in-unit laundry, and fully renovated units.
Where is this triplex located?
The property is located at 419 E 3rd Street Boston, MA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 3‑family building built in 1890; Extensively updated over the past 15+ years, with units fully renovated since 2008; All three units feature central A/C
