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428 East Third Street, Boston MA 02127

$4,500,000

Estimated $53,014.57/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $4,500,000

Total Rent: 0/year

Estimated CAP Rate: -0.56%

0 Bedrooms

Baths

0 Parking Spots

0.06 acres

428 East Third Street presents a unique opportunity for investors seeking a high-demand rental property in one of Boston’s most sought-after submarkets. The property is priced competitively with a strong potential for rental appreciation. Its excellent occupancy rate and market growth trends make it an attractive option for both short- and long-term investment strategies.

This home has been viewed 32 times

Last Updated: March 26th, 2025 at 7:48am

Gross Income: $0

Gross Expenses: $25,287

Net Income Calc: $-25,287

CAP Rate: -0.56%

Annual Expenses for 428 East Third Street, Boston MA 02127

Total Gross Expenses (Calculated)$25,287/year

APOD Available

Heating$0

Electricity$0

Water$0

Gas$0

Insurance$0

Sewer$0

Trash Removal$0

Repair & Maintenance$0

Management$0

Miscellaneous$0

Real Estate Tax$25,287

Annual Income & Unit Breakdown for 428 East Third Street, Boston MA 02127

Total Gross Income (Calculated)$0

Unit 1

Rental Income

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 428 East Third Street, Boston MA 02127

Listing ID73343538

Property TypeMulti Family / 5+ Family

Price$4,500,000

Style

CityBoston

CountySuffolk

MLS AreaSouth Boston

Neighborhood(s)

Approximate Living Area Total

Approximate Lot Size (Acres)0.06 acres

Total Parking0

Garage Parking

Year Built2005

Year Built Source

Year RenovatedN/A

Year Built Details

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation Description

Accessible Features

Outdoor Space

ZoningAA

Zoning DetailsLegal Conforming

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Interior Features for 428 East Third Street, Boston MA 02127

Disclosures for 428 East Third Street, Boston MA 02127

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$78,688

Total Gross Income By Broker$255,900

Total Net Income By Broker$177,053

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Location Information for 428 East Third Street, Boston MA 02127

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaSouth Boston

Area Amenities

Contact Information for 428 East Third Street, Boston MA 02127

Agent

Name: Michael Webster

MLS ID: CN204200

Office ID: AC2174

Phone: 617-455-7170

Address: 444 E. 3rd St. #151

City: Boston

State: MA

Zip: 02127

Office

Name: SelectRE Boston

MLS Office ID: AC2174

Phone: 617-777-6109

Team Members

Name: Declan O'Toole

MLS ID: NB111228

Office ID: AC2174

National Association ID: 449523265

Phone: 617-777-6109

Address: 42c Crescent Street

City: West Newton

State: MA

Zip: 02465

Name: Port City Group

MLS ID: TM354261

Office ID: AC2174

Phone: 617-455-7170

Name: Owen Spence

MLS ID: CN247479

Office ID: AC2174

National Association ID: 454008789

Phone: 617-992-8023

Address: 46 Plummer Ave.

City: Newburyport

State: MA

Zip: 01950

Payment Calculator

, Interest

Property Taxes $25,287

Principal & Interest 27727.57

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

SelectRE Boston

Michael Webster

Agent Phone

(617) 455-7170

Office Phone

(617) 777-6109

Text Agent Call Agent Call Office

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                    [type] => text
                    [name] => Longitude
                    [value] => W72° 57' 26.7'' 
                )

[googlemap_lt] => Array
                (
                    [field_id] => 52
                    [type] => text
                    [name] => Latitude
                    [value] => N42° 20' 11.4'' 
                )

[field_2111] => Array
                (
                    [field_id] => 2111
                    [type] => text
                    [name] => Office Name
                    [value] => SelectRE Boston
                )

[field_3000] => Array
                (
                    [field_id] => 3000
                    [type] => text
                    [name] => Agent MLSID
                    [value] => CN204200
                )

[field_3045] => Array
                (
                    [field_id] => 3045
                    [type] => price
                    [name] => HOA_FEE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3056] => Array
                (
                    [field_id] => 3056
                    [type] => price
                    [name] => ClosePrice
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3069] => Array
                (
                    [field_id] => 3069
                    [type] => price
                    [name] => LIST_PRICE_PER_SQFT
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3074] => Array
                (
                    [field_id] => 3074
                    [type] => text
                    [name] => AREA
                    [value] => South Boston
                )

[field_3075] => Array
                (
                    [field_id] => 3075
                    [type] => datetime
                    [name] => ModificationTimestamp
                    [value] => 25/03/2025 22:58:00
                )

[field_3094] => Array
                (
                    [field_id] => 3094
                    [type] => price
                    [name] => SOLD_PRICE_PER_SQFT
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3095] => Array
                (
                    [field_id] => 3095
                    [type] => number
                    [name] => STREET_NUM
                    [value] => 428
                )

[field_3097] => Array
                (
                    [field_id] => 3097
                    [type] => text
                    [name] => TEAM_MEMBER
                    [value] => NB111228,TM354261,CN247479
                )

[field_3118] => Array
                (
                    [field_id] => 3118
                    [type] => price
                    [name] => NOI
                    [raw] => 177053
                    [unit_id] => 260
                    [value] => $177,053
                    [price_only] => $177,053
                )

[field_3164] => Array
                (
                    [field_id] => 3164
                    [type] => boolean
                    [name] => AvailableNow
                    [value] => No
                )

[field_3168] => Array
                (
                    [field_id] => 3168
                    [type] => price
                    [name] => SEC_DEPOSIT
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3171] => Array
                (
                    [field_id] => 3171
                    [type] => text
                    [name] => Office Phone
                    [value] => 617-777-6109
                )

[field_3172] => Array
                (
                    [field_id] => 3172
                    [type] => text
                    [name] => Agent Phone
                    [value] => 617-455-7170
                )

[field_3178] => Array
                (
                    [field_id] => 3178
                    [type] => boolean
                    [name] => AdditionalParcelsYN
                    [value] => No
                )

[field_3184] => Array
                (
                    [field_id] => 3184
                    [type] => select
                    [name] => BuildingAreaUnits
                    [value] => Square Feet
                )

[field_3189] => Array
                (
                    [field_id] => 3189
                    [type] => price
                    [name] => ConcessionsAmount
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3192] => Array
                (
                    [field_id] => 3192
                    [type] => number
                    [name] => ParkingTotal
                    [value] => 0
                )

[field_3200] => Array
                (
                    [field_id] => 3200
                    [type] => price
                    [name] => ElectricExpense
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3205] => Array
                (
                    [field_id] => 3205
                    [type] => date
                    [name] => ExpirationDate
                    [value] => 01/01/1900
                )

[field_3206] => Array
                (
                    [field_id] => 3206
                    [type] => select
                    [name] => FarmLandAreaUnits
                    [value] => Square Feet
                )

[field_3216] => Array
                (
                    [field_id] => 3216
                    [type] => price
                    [name] => GrossIncome
                    [raw] => 255900
                    [unit_id] => 260
                    [value] => $255,900
                    [price_only] => $255,900
                )

[field_3219] => Array
                (
                    [field_id] => 3219
                    [type] => select
                    [name] => HorseYN
                    [value] => 1
                )

[field_3220] => Array
                (
                    [field_id] => 3220
                    [type] => price
                    [name] => InsuranceExpense
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3222] => Array
                (
                    [field_id] => 3222
                    [type] => text
                    [name] => ListingAgreement
                    [value] => Exclusive Right To Sell
                )

[field_3223] => Array
                (
                    [field_id] => 3223
                    [type] => date
                    [name] => ListingContractDate
                    [value] => 10/03/2025
                )

[field_3226] => Array
                (
                    [field_id] => 3226
                    [type] => area
                    [name] => LotSizeSquareFeet
                    [value] => 2,769 Sqft
                    [raw] => 2769
                    [unit_id] => 1
                )

[field_3230] => Array
                (
                    [field_id] => 3230
                    [type] => price
                    [name] => OperatingExpense
                    [raw] => 78688
                    [unit_id] => 260
                    [value] => $78,688
                    [price_only] => $78,688
                )

[field_3231] => Array
                (
                    [field_id] => 3231
                    [type] => price
                    [name] => OriginalListPrice
                    [raw] => 4500000
                    [unit_id] => 260
                    [value] => $4,500,000
                    [price_only] => $4,500,000
                )

[field_3234] => Array
                (
                    [field_id] => 3234
                    [type] => textarea
                    [name] => PrivateOfficeRemarks
                    [value] => 428 East Third Street presents a unique opportunit
                )

[field_3240] => Array
                (
                    [field_id] => 3240
                    [type] => text
                    [name] => UnparsedAddress
                    [value] => 428 East Third Street, Boston MA 02127
                )

[field_3241] => Array
                (
                    [field_id] => 3241
                    [type] => price
                    [name] => WaterSewerExpense
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3246] => Array
                (
                    [field_id] => 3246
                    [type] => text
                    [name] => ZoningDescription
                    [value] => Legal Conforming
                )

[f_3247] => Array
                (
                    [field_id] => 3247
                    [type] => feature
                    [name] => BusinessType
                    [values] => Array
                        (
                            [0] => 5+ Residential
                        )

)

[field_3248] => Array
                (
                    [field_id] => 3248
                    [type] => datetime
                    [name] => OriginalEntryTimestamp
                    [value] => 10/03/2025 21:15:00
                )

[field_3265] => Array
                (
                    [field_id] => 3265
                    [type] => price
                    [name] => MLSPIN_GRE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3266] => Array
                (
                    [field_id] => 3266
                    [type] => price
                    [name] => MLSPIN_HTE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3281] => Array
                (
                    [field_id] => 3281
                    [type] => price
                    [name] => MLSPIN_MGF
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3282] => Array
                (
                    [field_id] => 3282
                    [type] => price
                    [name] => MLSPIN_MSE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3285] => Array
                (
                    [field_id] => 3285
                    [type] => price
                    [name] => MLSPIN_OPTIONAL_FEE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3290] => Array
                (
                    [field_id] => 3290
                    [type] => price
                    [name] => MLSPIN_PRICE_PER_SQFT
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3292] => Array
                (
                    [field_id] => 3292
                    [type] => price
                    [name] => MLSPIN_RFS
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3293] => Array
                (
                    [field_id] => 3293
                    [type] => price
                    [name] => MLSPIN_RME
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3301] => Array
                (
                    [field_id] => 3301
                    [type] => select
                    [name] => RoomMasterBathroomFeatures
                    [value] => Yes
                )

[field_3303] => Array
                (
                    [field_id] => 3303
                    [type] => text
                    [name] => Co Agent Info
                    [value] => [{"id":"NB111228","name":"Declan O'Toole","phone":
                )

[field_3306] => Array
                (
                    [field_id] => 3306
                    [type] => price
                    [name] => GrossScheduledIncome
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3311] => Array
                (
                    [field_id] => 3311
                    [type] => number
                    [name] => BRE_Total_Parking
                    [value] => 0
                )

[field_3320] => Array
                (
                    [field_id] => 3320
                    [type] => boolean
                    [name] => Waterfront
                    [value] => No
                )

)

[unit_level] => 
    [levels_in_unit] => 2025-03-10
    [construction_status] => 
    [laundry_features] => Array
        (
        )

[outdoor_space_available] => Array
        (
        )

[building_name] => 
    [pet_policy] => Array
        (
        )

[building_management] => Array
        (
        )

[number_of_units] => 1
    [units_owner_occupied] => 0
    [parking_features] => Array
        (
        )

[building_amenities] => Array
        (
        )

[owner_occupancy_source] => 
    [documents_available] => Array
        (
        )

[optional_price] => 0
    [optional_fee_includes] => Array
        (
        )

[structure_type] => Array
        (
        )

[complex_complete] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [date_available_note] => 
    [first_month_required] => Array
        (
        )

[last_month_required] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deposit_amount] => Array
        (
            [0] => $0
        )

[insurance_required] => Array
        (
        )

[references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[lease_term] => Array
        (
        )

[interior_features] => Array
        (
        )

[entry_level] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[property_sub_type] => Array
        (
            [0] => Residential
        )

[number_of_lots] => Array
        (
        )

[gas] => Array
        (
        )

[cultivation_acres] => None
    [pasture_area] => None
    [timber_acres] => None
    [perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [association_required] => Array
        (
        )

[view] => Array
        (
        )

[deqe] => 
    [real_estate_tax] => $25,287
    [total_gross_income] => 0
    [total_gross_expense] => 25287
    [net_income_calc] => -25287
    [cap_rate] => -0.56%
    [apod_available] => Array
        (
        )

[heating_expense] => Array
        (
            [0] => $0
        )

[electric_expense] => Array
        (
            [0] => $0
        )

[water_expense] => Array
        (
            [0] => $0
        )

[gas_expense] => Array
        (
            [0] => $0
        )

[insurance_expense] => Array
        (
            [0] => $0
        )

[sewer_expense] => Array
        (
            [0] => $0
        )

[trash_expense] => Array
        (
            [0] => $0
        )

[repair_maintenance_expense] => Array
        (
            [0] => $0
        )

[management_expense] => Array
        (
            [0] => $0
        )

[miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[unit_1_rent] => Array
        (
        )

[unit_1_lease] => Array
        (
        )

[unit_1_bedrooms] => 
    [unit_1_bathrooms] => 
    [unit_1_floor] => 
    [unit_1_levels] => 
    [unit_2_rent] => Array
        (
        )

[unit_2_lease] => Array
        (
        )

[unit_2_bedrooms] => 
    [unit_2_bathrooms] => 
    [unit_2_floor] => 
    [unit_2_levels] => 
    [unit_3_rent] => Array
        (
        )

[unit_3_lease] => Array
        (
        )

[unit_3_bedrooms] => 
    [unit_3_bathrooms] => 
    [unit_3_floor] => 
    [unit_3_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_4_lease] => Array
        (
        )

[unit_4_bedrooms] => 
    [unit_4_bathrooms] => 
    [unit_4_floor] => 
    [unit_4_levels] => 
    [hot_water] => Array
        (
        )

[basement] => Array
        (
        )

[foundation_materials] => Array
        (
        )

[patio_and_porch] => Array
        (
        )

[zoning_details] => Legal Conforming
    [terms] => Array
        (
        )

[financial_data_source] => Array
        (
        )

[operating_expense] => Array
        (
            [0] => $78,688
        )

[gross_income] => Array
        (
            [0] => $255,900
        )

[net_operating_income] => Array
        (
            [0] => $177,053
        )

[short_sale] => 
    [price_per_unit] => 4500000
)

EXIT

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Active

428 East Third Street, Boston MA 02127

$4,500,000

Annual Expenses for 428 East Third Street, Boston MA 02127

Annual Income & Unit Breakdown for 428 East Third Street, Boston MA 02127

General Information for 428 East Third Street, Boston MA 02127

Interior Features for 428 East Third Street, Boston MA 02127

Disclosures for 428 East Third Street, Boston MA 02127

Location Information for 428 East Third Street, Boston MA 02127

Contact Information for 428 East Third Street, Boston MA 02127

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SelectRE Boston

Michael Webster