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.
Sold for $3,000,000 on 07/09/25
$3,000,000
20 Grimes St, South Boston, MA 02127
12beds
4,313sqft
3 Family - 3 Units Up/Down
Built in 1885
-- sqft lot
$2,707,200 Zestimate®
$696/sqft
$1,586 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 10, 2025 at 10:28am
Listed by:
Adam Burns,
Burns Realty & Investments,
Caroline Costello
Bought with:
Geoff Strobeck
Compass
Source: MLS PIN,MLS#: 73373831
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 10
- Full bathrooms: 8
- 1/2 bathrooms: 2
Features
- Flooring: Tile, Hardwood
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 4,313
- Total interior livable area: 4,313 sqft
- Finished area above ground: 4,313
Property
Parking
- Total spaces: 4
- Parking features: Leased
- Garage spaces: 4
Features
- Patio & porch: Patio, Patio - Enclosed
- Fencing: Fenced/Enclosed
- Waterfront features: 1/2 to 1 Mile To Beach
Lot
- Size: 2,564 sqft
Details
- Parcel number: 1412799
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Frame
- Foundation: Concrete Perimeter
Condition
- Year built: 1885
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Location
- Region: South Boston
HOA & financial
Other financial information
- Total actual rent: 20150
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$2,707,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,707,200