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You are here:
39 Days on Boston Pads
Price Reduced $70,000
42 Photos
$1,850,000
3 Unit
8 Beds
3 Baths
2808 SQFT
0.02 Acre
54 I St
Boston, MA 02127

Property Description

LOCATION!!! 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: Currently configured as a 2-bedroom + office / Unit 3: Used as a 1-bedroom + office/gym but easily converted back to 2 or 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, this property delivers exceptional value in one of Boston's most sought after neighborhoods.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Amenities: Highway Access, Laundromat, Marina, Park, Public School, Public Transportation, Shopping, T-Station
  • Basement Features: Concrete Floor, Full, Partially Finished, Slab, Unfinished Basement
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 51000
  • Gross Expenses: 21681
  • Electric Expenses: 300
  • Water/Sewer: 760
  • INSC: 4403
  • Net Operating Income: 29319

Utilities

  • Heat Zones: 3
  • Electric Info: 100 Amps, 60 Amps/Less, Circuit Breakers, None, Other (See Remarks), Other (See Remarks), Underground
  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 3 Family
  • Construction Type: Aluminum, Brick, Frame
  • Foundation Info: Brick
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Laminate, Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73362563
  • Last Updated: 05/31/25
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
05/27/2025Price Change$1,850,000$659MLSPIN
04/26/2025Active$1,920,000$684MLSPIN
04/22/2025New$1,920,000$684MLSPIN

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Map & Resources

Tynan Elementary School

Public Elementary School, Grades: PK-6

0.13mi

St Peter Academy

Private School, Grades: K - 8

0.21mi

Excel High School

Public Secondary School, Grades: 9-12

0.34mi

Murphy's Law

Bar

0.25mi

Stats Bar & Grille

Bar

0.27mi

Shamrock Pub

Bar

0.36mi

Molly Moo's

Ice Cream (Cafe)

0.23mi

Starbucks

Coffee Shop

0.24mi

Boston Bagel Company

Sandwich (Cafe)

0.25mi

Caffè Nero

Coffee Shop

0.38mi

JP Licks

Ice Cream Parlor

0.44mi

Boston Police Harbor Unit

Local Police

0.53mi

Boston Fire Department Engine 2, Ladder 19

Fire Station

0.18mi

Boston Fire Department Engine 39, Ladder 18

Fire Station

0.58mi

The Distillery Gallery

Gallery

0.12mi

Lincoln Square

Park

0.32mi

Thomas Park

National Park

0.33mi

Medal of Honor Park

Municipal Park

0.35mi

Christopher Lee Playground

Municipal Park

0.35mi

East First Street Dog Park

Park

0.43mi

East First Street Dog Park

Dog Park

0.43mi

South Boston Bowlarama

Bowling Alley

0.14mi

Bank of America

Bank

0.3mi

Ottavio's Barber Shop

Hairdresser

0.28mi

South Boston Branch Library

Library

0.08mi

Stop & Shop

Supermarket

0.19mi

E Broadway @ I St

10
9

0.05mi

E Broadway @ I St

10
9

0.06mi

E Broadway @ H St

10
9

0.1mi

E Broadway @ H St

10
9

0.1mi

E Broadway @ K St

10
9

0.14mi

E Broadway @ K St

10
9

0.15mi

E Broadway @ G St

10
9

0.22mi

E Broadway @ G St

10
9

0.22mi

Seller's Representative: James Riel, JR Associates
MLS ID#: 73362563

© 2025 MLS Property Information Network, Inc.. All rights reserved.

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 2025-05-31 03:05:00

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