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South-Facing Triplex With Decks
For Sale
$1,625,000

512 East 3rd Street, Boston, MA 02127

Three apartments provide separate layouts, private outdoor areas, and tenant-paid utilities.

Property SizeContact for details
Lot Size0.05 Acres
Days on Market54

Property Features for 512 East 3rd Street

General Information

Standard status Active
Lot size 0.05 Acres
Property subtype ApartmentComplex
Occupancy 100%

Additional Details

Multifamily Units 3

Amenities

Range
Dishwasher
Disposal
Microwave
Refrigerator
Washer
Dryer
Tile
Hardwood
Other
4.0 Stories
$18,843 Taxes
Public
Built in 1890

Building Details

Year Built 1890
Buildings 1
Listing Agency: Gibson Sotheby's International Realty
Listed By: Frank Celeste · License #449518275
Source: Donahuere
Added: Jun 15 Changed: Aug 5 Last Checked: Aug 7 at 12:46AM

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 three-family residence contains more than 2,700 square feet of living space on a 2,350-square-foot lot. The south-facing property includes individual decks and a substantial backyard, with room identified for possible expansion. Each apartment has its own floor plan, creating a distinct three-unit configuration.

Located at 512 East 3rd Street in South Boston, the property was built in 1890. The existing tenancy has not experienced a vacancy, and residents pay their own utilities. The property information also identifies condominium conversion and 1031 exchange applications, along with continued rental ownership, as potential strategies.

Key Highlights

  • Three‑family property with more than 2,700 square feet of living space
  • 2,350‑square‑foot lot with a substantial backyard
  • Individual decks serving the apartments

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Nursing Home Plumbing Service Tanning Salon Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,322
Businesses Nearby

Demographics for 02127, MA

37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three apartments provide separate layouts, private outdoor areas, and tenant-paid utilities.
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 $1,625,000.
What are key features of this property?
This property features: Three‑family property with more than 2,700 square feet of living space; 2,350‑square‑foot lot with a substantial backyard; Individual decks serving the apartments
More about this property
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