Three-Family Home with Individual
512 East 3rd Street Boston, MA 02127
512 East 3rd Street, Boston, MA, 02127
$1,749,000
For Sale
$1,749,000
South-facing three-family residence with individual decks and tenants paying utilities, presented as an income-producing property.
Property Size2,717 SF
Lot Size0.05 Acres
Price / SF$643.72
Days on Market50
Property Features for 512 East 3rd Street
General Information
- Standard status
- Active
- Size
- 2,717 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1890
Listing agency
Gibson Sotheby's International Realty
Listed by
Frank Celeste
(617) 765-8747
Source
Perrydinatalerealty
Added: Jun 3 Updated: Jul 20 at 9:11PM Checked: Jul 22 at 6:36AM
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 Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
This south-facing three-family home features an arrangement of individual decks and an outdoor setup designed for everyday use. The property currently has over 2,700 square feet of living space, with the possibility of expansion into the backyard, subject to applicable approvals. The home sits on a 2,350 SF lot.
The property is located at 512 East 3rd Street in South Boston, Boston, MA 02127. Public remarks indicate it is minutes from area destinations including the beach, bus routes, restaurants, and Seaport.
As presented, the building has generated consistent occupancy, with public remarks stating there has never been a vacancy. Tenants pay utilities.
The property is located at 512 East 3rd Street in South Boston, Boston, MA 02127. Public remarks indicate it is minutes from area destinations including the beach, bus routes, restaurants, and Seaport.
As presented, the building has generated consistent occupancy, with public remarks stating there has never been a vacancy. Tenants pay utilities.
Key Highlights
- South‑facing three‑family home built in 1890, with individual decks for each unit
- Over 2,700 SF of current living space with potential to expand into the backyard
- 2,350 SF lot offering outdoor space and development/expansion potential
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 | $102.7k | $37.80 |
| − Vacancy | −$4.6k | −$1.70 |
| EGI | $98.1k | $36.10 |
| − OpEx | −$29.4k | −$10.83 |
| NOI | $68.7k | $25.27 |
2,717 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$980.8K
$858.2K – $1.14M
NOI $68,657 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$911.8K
$797.9K – $1.06M
NOI $63,828 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,414 @ 7.0% cap · market cap 8.14%
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 - South-facing three-family residence with individual decks and tenants paying utilities, presented as an income-producing property.
Where is this triplex located?
The property is located at 512 East 3rd Street Boston, MA.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: South‑facing three‑family home built in 1890, with individual decks for each unit; Over 2,700 SF of current living space with potential to expand into the backyard; 2,350 SF lot offering outdoor space and development/expansion potential
