20 Grimes Street, Boston, MA 02127 - Photo 1

1/1

$3,000,000

Sold
Closed
Multi-Family
3 Units
12 Total Beds
0.06 Acres
4 Car Garage

1/1

Property Description

Exceptional opportunity to own a turn-key 3-unit multifamily asset in one of Boston's most sought-after neighborhoods. This well-maintained property delivers strong in-place income and a 6% cap rate, ideal for investors seeking immediate cash flow with long-term growth potential. Each unit features 4 bedrooms with modern finishes and consistent rental history. The building sits above 4 garage parking spaces-an increasingly rare and valuable amenity in South Boston. Perfectly located near public transportation, restaurants, shops, and major commuter routes, this property benefits from strong tenant demand and low vacancy. An ideal addition to any investment portfolio.

Full Property Details

Full Property Details for 20 Grimes St

General

Sold For: $3,000,000
Taxes: $26,808 (2025)
Status: Closed
Type: Multi-Family
MLS ID: 73373831
Added to Site: 283 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 10
Full Bathrooms: 8
Half Bathrooms: 2

Bedrooms

Total Bedrooms: 12

Parking

Garage: Yes
Garage Spaces: 4
Parking Features: Leased

Location

County: Suffolk

Structural Information

Stories/Levels: 9
Square Feet: 4,313
Year Built: 1885

Lot Features

Lot Size (Acres): 0.06

Financial Considerations

Tax Amount: $26,808
Tax Year: 2025

Disclosures and Reports

Disclosures/Rstr.: All three units have leases in place through 8/31/2025. Unit 2 signed lease renewal $6, 300/month through 8/31/2026. Unit 1 & 3 can be leased for 9/1 if buyer desires. Additional monthly rent income from garage parking spaces of $1, 300/month. Listing Broker has ownership interest in property.
Property ID: 1412799

Listed by Burns Realty & Investments, Adam Burns and Caroline Costello
Sold by Compass, Geoff Strobeck

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Listing agents

— 20 Grimes St —

Adam Burns

Burns Realty & Investments
Caroline Costello

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Schools

Schools serving 20 Grimes St

School District:Boston School District

Name	Grades	Distance
Perkins Elementary School 50 Burke Street, Boston, MA 02127	K-5	0.2 mi
James F. Condon School 200 D Street, Boston, MA 02127	PK-8	0.3 mi
Joseph P. Tynan Elementary School 650 E Fourth Street, Boston, MA 02127	PK-5	0.7 mi
McCormack Middle School 315 Mt Vernon Street, Boston, MA 02125	6-8	1.2 mi
Quincy Upper School 152 Arlington Street, Boston, MA 02116	6-12	1.3 mi
Dearborn Middle School 36 Winthrop St, Boston, MA 02119	6-12	1.6 mi
Excel High School 95 G. Street, Boston, MA 02127	9-12	0.4 mi
Boston Adult Academy 20 Church St, Boston, MA 02116	9-12	1.3 mi
Snowden Int'L High School 150 Newbury Street, Boston, MA 02116	9-12	1.8 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 20 Grimes St

Date

Details

Price

Change

Source

7/09/2025

Sold

$3,000,000

-3.23%

MLS

5/13/2025

Listed

$3,100,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Open House

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Multi-Family
Active
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3
Units
10
Total Beds
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Acres

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Just Listed

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Open House

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Condo
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2
Beds
1
Total Bath
764
Sq. Ft.

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2
Units
5
Total Beds
0.09
Acres

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Price Reduced

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Price Reduced

-$50,000 (-8.35%)

$549,000

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1
Bed
1
Total Bath
450
Sq. Ft.

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Updated 3 days ago

4
Beds
4
Total Baths
2,773
Sq. Ft.

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4
Beds
3
Total Baths
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Sq. Ft.

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Multi-Family
Closed

2
Units
6
Total Beds
0.06
Acres

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Sold

$3,000,000

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Single Family
Closed

3
Beds
4
Total Baths
3,194
Sq. Ft.

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Sold

$2,835,000

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Condo
Closed

3
Beds
3
Total Baths
2,131
Sq. Ft.

Sold

$2,700,000

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Single Family
Closed

4
Beds
4
Total Baths
2,700
Sq. Ft.

Listed by Scott Nelson
Sold by Kevin Lewis + Partners

20 Grimes Street, Boston, MA 02127 (MLS# 73373831) is a Multi-Family property that was sold at $3,000,000 on July 09, 2025. Want to learn more about 20 Grimes Street? Do you have questions about finding other Multi-Family real estate for sale in South Boston? You can browse all South Boston real estate or contact a Coldwell Banker agent to request more information.

20 Grimes St Boston, MA 02127