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
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