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54 I StBoston, MA 02127

For Sale

$1,699,000

Smart Buyer Rebate $8,495

Buyer's couldn't qualify, time to scoop this deal! VACANT 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: Vacant, 3-bedroom - Unit 3: Vacant, configured 1-bedroom + office/gym but easily converted back to a 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.

Listed by James Riel

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JR Associates

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617-913-4259

Last updated September 02, 2025

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Source: MLSPin #73362563

Listing Facts

  • TypeMulti-family
  • NeighborhoodTelegraph Hill
  • Bedrooms8
  • Bathrooms3
  • Days on Prevu137
  • Taxes$16,070/year
  • Size2,808 sqft
  • Price per sqft$605

Location

Mortgage Calculator

Listing History

09/03/2025
Price Decreased
$1,699,000
08/16/2025
Status changed to Active
$1,750,000
08/16/2025
Price Decreased
$1,750,000
07/16/2025
Status changed to Pending
$1,799,999
06/17/2025
Price Decreased
$1,799,999
05/27/2025
Price Decreased
$1,850,000
04/22/2025
Listed by JR Associates
$1,920,000

Property Details for 54 I St

Association

Amenities

  • Community Features: Public Transportation, Shopping, Park, Laundromat, Highway Access, Marina, Public School, T-Station

Exterior

Construction

  • Number Of Units Total: 3
  • Roof: Rubber
  • Stories: 3
  • Stories Total: 3
  • Year Built: 1910
  • Year Built Details: Approximate
  • Construction Materials: Frame, Brick

Features

  • Road Frontage Type: Public
  • Waterfront Features: Harbor, Sound, 1/10 To 3/10 To Beach, Beach Ownership(Public)

Measurements

  • Building Area Total: 2,808
  • Building Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.02
  • Lot Size Area: 0
  • Lot Size Square Feet: 1,028
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $51,000.00
  • Operating Expense: $21,681.00

Taxes

  • Parcel Number: W:06 P:03205 S:000,1414290
  • Tax Annual Amount: $16,070.00
  • Tax Assessed Value: $1,387,700.00
  • Tax Year: 2025

Interior

Features

  • Flooring: Wood, Tile, Laminate, Hardwood

Measurements

  • Living Area: 2,808
  • Living Area Source: Public Record

Rooms

  • Basement: Full, Partially Finished, Concrete, Slab, Unfinished
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 8
  • Rooms Total: 17

Parking

Parking

  • Open Parking: Yes
  • Parking Features: On Street

Utilities

Equipment

  • Electric: Circuit Breakers, 60 Amps/Less, 100 Amp Service, Other (See Remarks)
  • Sewer: Public Sewer
  • Utilities: For Gas Range, For Gas Oven
  • 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.