LOCATION!!! Exceptional multifamily opportunity in the heart of South Boston! Just one block from East Broadway, this well-positioned 3-unit building sits prominently on the corner of I Street and East 3rd. A true turnkey asset with immediate upside—Rents under market and simple updates can polish these units. The basement offers untapped potential for additional livable space, and the building features a full walk-up staircase to a flat roof with breathtaking city and water views—a future roof deck, perhaps? Unit 1: Vacant 2-bedroom / Unit 2: Currently configured as a 2-bedroom + office / Unit 3: Used as a 1-bedroom + office/gym but easily converted back to 2 or 3 bed. This is an ideal setup for an owner-occupant to live in Unit 1 and rent out units 2 and 3 as spacious 3-bed apartments with minimal effort. Whether you're looking to hold as a rental asset or explore condo conversion, this property delivers exceptional value in one of Boston's most sought after neighborhoods.
— MLSPIN #: 73362563Map of 54 I St, Boston, MA 02127
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| List Price: | $1,920,000 |
|---|---|
| Status: | New |
| MLS ID: | 73362563 |
| Town: | Boston |
| County: | Suffolk |
| Zip: | 02127 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family |
| Bedrooms: | 8 |
| Full Baths: | 3 |
| Living Area: | 2,808 sqft |
| Acres: | 0.02 |
| Taxes: | 16,070 |
| Flooring: | Wood, Tile, Laminate, Hardwood |
| Lot Features: | Corner Lot |
| Parking Features: | On Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1910 |
| Roof: | Rubber |
| Directions: | use GPS. Corner of H street and East 3rd Street. |
| Foundation Details: | Brick/Mortar |
| Electric: | Circuit Breakers, 60 Amps/Less, 100 Amp Service, Other (See Remarks) |
| Construction Materials: | Frame, Brick |
| Listing Contract Date: | 2025-04-22 |
| Lot Size Area: | 0.02 |
| Lot Size Square Feet: | 1,028 |
| Rooms Total: | 17 |
| Bathrooms Total Integer: | 3 |
| Basement: | true |
| Basement: | Full, Partially Finished, Concrete, Slab, Unfinished |
| Building Area Source: | Public Records |
| Building Area Total: | 2,808 |
| Community Features: | Public Transportation, Shopping, Park, Laundromat, Highway Access, Marina, Public School, T-Station |
| Levels: | 6 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Open Parking?: | Yes |
| Parcel Number: | W:06 P:03205 S:000, 1414290 |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range, for Gas Oven |
| Waterfront Features: | Beach Front, Harbor, Sound, 1/10 to 3/10 To Beach, Beach Ownership(Public) |
| Zoning: | R3 |
| Stories Total: | 6 |
| Year Built Source: | Public Records |
| Disclosures: | Seller does not live in the property. Unit 1 moved out as of April 15th, they were paying $2, 100/month. Unit's 2 and 3 are TAW but would be interested in staying. Building could be negotiated to be delivered vacant but not seller's preference. |
| Electric Expense: | $300 |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Gross Income: | $51,000 |
| Insurance Expense: | $4,403 |
| Listing Agreement: | Exclusive Right To Sell |
| Listing Terms: | Contract |
| Apod Available: | Yes |
| Color: | Sand/Tan |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Gre: | 21,681 |
| Heat Units: | 3 |
| Heat Zones: | 3 |
| Lead Paint: | Unknown |
| Lease 1: | No |
| Lease 2: | No |
| Lease 3: | No |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $683.76 |
| Page: | 31 |
| Price Per Sqft: | $683.76 |
| Square Feet Disclosures: | Public record shows 8 beds total. Unit #3 removed wall for open office layout. Easy to convert back. |
| Square Feet Incl Base: | No |
| Net Operating Income: | $29,319 |
| Operating Expense: | $21,681 |
| Original List Price: | $1,920,000 |
| Tax Assessed Value: | $1,387,700 |
| Tax Year: | 2025 |
| Total Actual Rent: | $4,250 |
| Water Sewer Expense: | $760 |
| Year Built Details: | Approximate |
| Waterview Features: | Canal, Harbor |
| Waterview Flag: | Yes |
| Bedrms 1: | 2 |
| Bedrms 2: | 3 |
| Bedrms 3: | 2 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| Hot Water: | Natural Gas |
| Rent2: | 2,400 |
| Rent3: | 1,850 |
Disclaimer:
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on April 25, 2025 05:44 AM
Property Last Updated: April 22, 2025 02:06 PM
Listing Courtesy of: JR Associates
Listing Agent: James Riel
617-913-4259
