Sold for $3,000,000

$3,000,000

20 Grimes St, South Boston, MA 02127

12beds

4,313sqft

3 Family - 3 Units Up/Down

Built in 1885

-- sqft lot

$2,754,800 Zestimate^®

$696/sqft

$2,879 Estimated rent

Home value

$2,754,800

$2.42M - $3.06M

$2,879/mo

Zestimate^® history

Owner options

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$2,879/mo

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$2,879/mo

Rent Zestimate^®

Refinance and save

$17,963/mo

Est. payment

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$17,963/mo

Est. payment

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What's special

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.

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: 8
Parking features: Leased
Garage spaces: 4
Uncovered spaces: 4

Features

Patio & porch: Patio, Patio - Enclosed
Fencing: Fenced/Enclosed
Waterfront features: 1/2 to 1 Mile To Beach

Lot

Size: 2,564 Square Feet

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 & HOA

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

Financial & listing details

Price per square foot: $696/sqft
Tax assessed value: $2,315,000
Annual tax amount: $26,808
Date on market: 1/3/2026
Total actual rent: 20150

Price history

Date	Event	Price
7/21/2025	Listing removed	$325
Source: Zillow Rentals Report a problem
7/9/2025	Sold	$3,000,000-3.2%$696/sqft
Source: MLS PIN #73373831 Report a problem
7/9/2025	Listed for rent	$325-94.3%
Source: Zillow Rentals Report a problem
5/23/2025	Contingent	$3,100,000$719/sqft
Source: MLS PIN #73373831 Report a problem
5/13/2025	Listed for sale	$3,100,000+188.4%$719/sqft
Source: MLS PIN #73373831 Report a problem
5/1/2020	Listing removed	$5,700$1/sqft
Source: Burns Realty and Investments Report a problem
2/20/2020	Price change	$5,700-5%$1/sqft
Source: Burns Realty and Investments Report a problem
12/17/2019	Listed for rent	$6,000+50%$1/sqft
Source: Owner Report a problem
3/13/2018	Sold	$1,075,000-2.3%$249/sqft
Source: Agent Provided Report a problem
12/14/2017	Pending sale	$1,100,000$255/sqft
Source: Carlton's Wharf & Co. #72212736 Report a problem
9/1/2017	Price change	$1,100,000+11.2%$255/sqft
Source: Carlton's Wharf & Co. #72212736 Report a problem
8/12/2017	Listed for sale	$989,500+143.1%$229/sqft
Source: Carlton's Wharf & Co. #72212736 Report a problem
7/11/2012	Listing removed	$4,000$1/sqft
Source: City Residential Boston Report a problem
7/10/2012	Listed for rent	$4,000$1/sqft
Source: City Residential Boston Report a problem
12/23/2004	Sold	$407,000+35.7%$94/sqft
Source: LINK #1710 Report a problem
12/19/2003	Sold	$300,000$70/sqft
Source: LINK #41202 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$26,808 +8.1%	$2,315,000 +1.8%
2024	$24,790 +5.5%	$2,274,300 +4%
2023	$23,487 +10.6%	$2,186,900 +12%
2022	$21,244 +45.3%	$1,952,600 +42.5%
2021	$14,620 +112.4%	$1,370,200 +110.3%
2020	$6,882 +5.2%	$651,700 +5%
2019	$6,544 +5.6%	$620,900 +5%
2018	$6,199 +360.4%	$591,500 +5%
2017	$1,346 -75%	$563,100 +15%
2016	$5,386 +1%	$489,600 +11.2%
2015	$5,333 +10.6%	$440,400 +20%
2013	$4,822 -0.5%	$367,000 -1.2%
2012	$4,846 +7.4%	$371,600 +5.3%
2011	$4,512 +6.6%	$352,800 -1%
2010	$4,234 +4.7%	$356,400 -6.3%
2009	$4,044 -7.6%	$380,400 -4.6%
2008	$4,375 -4.1%	$398,800 -4%
2007	$4,564	$415,300