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428-432 East Third StreetBoston, MA 02127

For Sale

$4,000,000

Smart Buyer Rebate $20,000

Presenting 428-432 E Third St, a tremendous investment opportunity located in the heart of South Boston comprised of a 3 story, 9-unit apartment building. Although meticulously maintained by ownership, the property presents significant value-add opportunity to increase rents through cosmetic improvements. The property is currently 100% leased at below market rents. Additionally, the property presents a potential condominium conversion opportunity. 428-432 E Third is part of a larger portfolio with 444 E Third St, the longtime home of USPS. The two sites total 21,543 SF of development potential.

Listed by Christopher Sower

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Cushman & Wakefield

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617-816-5257

Last updated September 01, 2025

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Source: MLSPin #73389286

Listing Facts

  • TypeMulti-family
  • NeighborhoodCity Point
  • Bedrooms9
  • Bathrooms18
  • Days on Prevu87
  • Taxes$9/year
  • Size8,024 sqft
  • Price per sqft$499

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

06/11/2025
Listed by Cushman & Wakefield
$4,000,000

Property Details for 428-432 East Third Street

Exterior

Construction

  • Number Of Units Total: 9
  • Roof: Rubber
  • Stories: 18
  • Stories Total: 18
  • Year Built: 1899
  • Year Built Details: Actual
  • Construction Materials: Brick, Stone

Measurements

  • Building Area Total: 8,024
  • Building Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.06
  • Lot Size Area: 0
  • Lot Size Square Feet: 2,769
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $999,999.00

Taxes

  • Parcel Number: 1414766
  • Tax Annual Amount: $9.00
  • Tax Assessed Value: $9.00
  • Tax Year: 9

Interior

Features

  • Fireplace: Yes
  • Fireplaces Total: 18

Measurements

  • Living Area: 8,024
  • Living Area Source: Public Record

Rooms

  • Bathrooms Full: 9
  • Bathrooms Half: 9
  • Bathrooms Total Integer: 18
  • Bedrooms Total: 9
  • Rooms Total: 18

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.