581 East 8th St

Boston, MA 02127 View Map $1,799,999 Schedule a Tour
Beds5
Baths2
Sq.Ft.2,057
Year1900
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Status: Active
Property Type:2 Family - 2 Units Up/Down
MLS #:73247602
Sq. Feet:2,057
On Site:43 Days
Lot Size:0.09 Acres
County:Suffolk
Exceptional investment opportunity 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, renting for $3500/mo. Unit 2 is a sunny BILEVEL beauty with 3 beds, 2 baths, and 1207 sq ft, renting for $5000/mo. Both units have private decks & in unit laundry! PARKING brings in an additional $325-400 per spot/month! 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 growth potential! Can be sold as condos!

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
6/15/2024$1,950,000$1,899,999-2.6%
6/21/2024$1,899,999$1,819,999-4.2%
7/8/2024$1,819,999$1,799,999-1.1%

Community Information

Address:581 East 8th St, Boston, MA 02127
County:Suffolk
City:Boston
Zip Code:02127

Architecture

Bedrooms: 5
Bathrooms: 2
Year Built:1900
Stories:3
Building Area: 2057
Basement: Unfinished
Parking Features: Paved Drive, Off Street
Parking Total: 3

Features / Amenities

Interior Features: Bathroom With Tub & Shower, Bathroom with Shower Stall, Living Room, Dining Room, Kitchen, Laundry Room
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Exterior Features: Balcony/Deck
Patio And Porch: Deck - Composite
Cooling Yes/No: Yes
Cooling: Central Air
Total Rooms:15

Property Features

Lot Size: 0.09 Acres
Lot Features: Easements
Waterfront: Beach Front, Ocean, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Sewer: Public Sewer
Water: Public
Zoning:CM
Directions:google maps.

Tax and Financial Info

Tax Year: 2024
Tax Annual Amount: $19,432
Gross Income: $102,000
Net Operating Income: $102,000
Total Actual Rent: $8,500
Rent Includes: Unit 1(Water), Unit 2(Water)
Buyer Agency Compensation: 2
Buyer Agent Compensation: 2
Disclosures: Seller has never lived on property and makes no representations. Buyers/Agents to do own due diligence.

Listing Agent/Office

Listing provided courtesy of Brigid Murphy, Access.

Schools

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581 East 8th St Boston,  MA 02127
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581 East 8th St Boston, MA 02127
 
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Listing Information Last Updated 7/17/2024