512 E 3rd St, South Boston, MA, 02127
About This Home
Attention, all savvy owner-occupants, investors, and developers: Absolutely Perfect Eastside Location in South Boston! Superior South-facing three-family home with amazing outdoor space & individual decks! Tremendous potential with a 2,350 SF lot! Currently, there is over 2,700 square feet of living space with the possibility of expanding into the massive backyard. Ideal for a 1031 exchange, condominium conversion, or as a long-term rental investment. Each apartment has highly desirable floor plans & there has never been a vacancy. Tenants pay utilities, and rents are currently well below market rate. Hold and collect rents or renovate to significantly improve this wonderful income generator! Minutes from everything, including the beach, bus routes, restaurants, Seaport, and more! This premier location is poised for continued appreciation, with numerous nearby developments and new amenities underway. Showings by appointment only.
Getting Around
Walker's Paradise
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1890
Materials
- Foundation: Stone
- Roof: Rubber
Type & Style
- Home type: MultiFamily
- Property subType: 3 Family - 3 Units Up/Down
Interior
Appliances
- Appliances included: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer
Basement
- Has basement: Yes
- Basement: Partially Finished,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Features
- Living Room,Dining Room,Kitchen,Office/Den
- Flooring: Tile,Hardwood,Other
- Finished area above ground: 2,717
Interior Area
- Total structure area: 2,717
- Total interior livable area: 2,717 sqft
Property
Details
- Parcel number: 1414388
- Zoning: Res
- Exclusions: Tenant's Belongings.
Features
- Patio & porch: Deck
- Fencing: Fenced/Enclosed,Fenced
- Waterfront features: 1/2 to 1 Mile To Beach,Beach Ownership(Public)
Lot
- Lot size: 2,385 sqft
- Features: Gentle Sloping
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,216 | $98,592 |
| Home Insurance * | $404 | $4,848 |
| Property Taxes | $1,572 | $18,864 |
| Electricity | $535 | $6,429 |
| Total | $10,727 | $128,724 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Price change | $1,625,000 |
| 2026-07-06 | Price change | $1,699,000 |
| 2026-06-15 | Listed for sale | $1,749,000 |
| 2024-06-18 | Listing removed | $1,995,000 |
| 2024-05-13 | Listed for sale | $1,995,000 |
| 2022-09-03 | Listing removed | -- |
| 2022-08-25 | Price change | $2,300 |
| 2022-08-19 | Price change | $2,100 |
| 2022-08-08 | Price change | $2,200 |
| 2022-07-29 | Price change | $2,300 |
| 2022-07-22 | Listed for rent | $2,400 |
| 2013-08-16 | Sold | $775,000 |
| 1998-01-13 | Sold | $94,667 |
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