South Boston Three-Family Legacy
419 East 3rd Street Boston, MA 02127
419 East 3rd Street, Boston, MA, 02127
$2,400,000
For Sale
$2,400,000
Meticulously maintained three-family property in prime South Boston location.
Property Size3,723 SF
Price / SF$644.64
Days on Market79
Property Features for 419 East 3rd Street
General Information
- Standard status
- Active
- Size
- 3,723 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1890
Listing Agency
Corcoran Property Advisors
(617) 203-2005
Listed by
Brett Mensinger · License #9550478
(617) 203-2005
Source
Compass
Added: May 1 Checked: Jul 17 at 3:41 am
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.
Offered for the first time in over a century, this meticulously maintained three-family property is located in the heart of South Boston. Held within the same family since 1913, this legacy property combines pride of ownership with thoughtful modernization. Ideally situated in a prime, central location, residents enjoy effortless access to neighborhood favorites, shops, restaurants, public transportation, and the Seaport. Extensively updated over the past 15+ years, each unit has been fully renovated since 2008. All three units feature spacious, well-designed layouts, central A/C, in-unit laundry, and abundant storage throughout. The property is a generational asset in one of Boston’s most sought-after neighborhoods. The property size is 3,723 square feet.
Key Highlights
- Prime South Boston location with easy access to amenities, transportation, and the Seaport.
- Turnkey, fully renovated 3‑family property with strong rental appeal.
- Each unit features central A/C, in‑unit laundry, and abundant storage.
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 3.92%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,461 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,145 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Meticulously maintained three-family property in prime South Boston location.
Where is this triplex located?
The property is located at 419 East 3rd Street Boston, MA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Prime South Boston location with easy access to amenities, transportation, and the Seaport.; **Turnkey, fully renovated 3‑family property with strong rental appeal.**; **Each unit features central A/C, in‑unit laundry, and abundant storage.**
