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$1,775,000
Total Beds: 5 Total Baths: 3
Total Units: 2 SQFT: 2057
LOT size: 0.09 Acres
581 East Eighth
Boston, MA 02127
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Property Description

Opportunity strikes in vibrant South Boston! This 2 family gem holds THREE coveted parking spots (Southie gold!) and offers 2 spacious units: Unit 1 features 2 beds, 1 bath, and 850 sq ft, was renting for $3500/mo. Unit 2 is a sunny BILEVEL beauty with 3 beds, 2 baths, and 1207 sq ft, renting for $5000/mo (lease end: 8/31/25). Both units have private decks & in unit laundry! PARKING brings in an additional $325-400 per spot/month bringing the total rent roll to $9700 at full capacity! Unbeatable location: 0.2 miles to the beach, conveniently on a bus route and perfectly situated in the middle of all Southie has to offer while still enjoying the feels of East side residential living. Seller has drawn plans available for a rear expansion, potentially adding 1,689 sq ft and converting the third floor into a 3rd unit! Plans have not yet been permitted. Don’t miss out on this prime property with immense potential! Can also be sold as condos.

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Basement Features: Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Common Cooling: Central Air

Financial

  • APOD Available: No
  • Gross Operating Income: 102000
  • Net Operating Income: 102000

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 2 Family - 2 Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73299666
  • Last Updated: 10/12/24

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Map

Seller's Representative: Brigid Murphy, Access
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.

MLS PIN data last updated at 2024-10-12 03:05:00

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