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$1,600,000
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Property Description
Buyer's couldn't qualify, time to scoop this deal! VACANT 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: Vacant, 3-bedroom - Unit 3: Vacant, configured 1-bedroom + office/gym but easily converted back to a 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.
Full Property Details
Full Property Details for 54 I St
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General
- Sold For: $1,600,000
- Taxes: $16,070 (2025)
- Status: Closed
- Type: Multi-Family
- MLS ID: 73362563
- Added to Site: 269 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 8
Parking
- Parking Features: On Street
Location
- County: Suffolk
Structural Information
- Basement: Yes
- Stories/Levels: 3
- Square Feet: 2,808
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.02
Financial Considerations
- Tax Amount: $16,070
- Tax Year: 2025
Disclosures and Reports
- Disclosures/Rstr.: Underwritten financing ONLY! Do not submit an offer if your client has not yet filed their 2024 taxes. This deal is only back on market due to personal finances. Smokes: DONE, Inspection: DONE, Appraisal: DONE, BUILDING IS VACANT!!
- Property ID: W:06 P:03205 S:000, 1414290
Listed and Sold by JR Associates, James Riel
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Schools
Schools serving 54 I St
School District:Boston School District
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 54 I St
Date
Details
Price
Change
Source
10/09/2025
Sold
$1,600,000
-5.83%
MLS
9/02/2025
Price Reduced
$1,699,000
-2.91%
MLS
8/15/2025
Price Reduced
$1,750,000
-2.78%
MLS
6/17/2025
Price Reduced
$1,799,999
-2.7%
MLS
5/27/2025
Price Reduced
$1,850,000
-3.65%
MLS
4/22/2025
Listed
$1,920,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
54 I St, Boston, MA 02127 (MLS# 73362563) is a Multi-Family property that was sold at $1,600,000 on October 09, 2025. Want to learn more about 54 I St? Do you have questions about finding other Multi-Family real estate for sale in Boston? You can browse all Boston real estate or contact a Coldwell Banker agent to request more information.

