By Stephen McCarthy
If you are looking to buy or sell a three family in South Boston (or anywhere) you want to get a good idea of the most recent sales.
The table below shows 3 Fam Sales for 2023 in South Boston. This data is from the Warren Group which shows 36 transfers of 3 unit buildings.
This is a more complete list than MLS which shows 14 3 family sales in 2023.
Per the Warren Group data the average sale was just shy of $1.3M while the average PPSF was $575.
Top Sale was $3.1M and low sale was $800,000.
Three families can be difficult to compare as condition typically varies. For the top price the property has to be in above average condition or offer something special in terms of location or lot size.
If you have questions about how to value your property I am available to help!!
| SOUTH BOSTON 3 FAMILY SALES 1/1/2023 - 1/4/2024 | |||||||||||
| # | Street | Lot Area | Living Area | # of Rooms | BDRMS | BATHS | 2023 Assessed Value | Transfer Date | Transfer Price | PPSF | Sale Price/Assessed Value |
| 893 | E 4th St | 3,750 | 4,614 | 20 | 14 | 6 | 1,903,800 | 9/21/23 | 3,100,000 | 672 | 163% |
| 351 | E 8th St | 2,100 | 2,623 | 12 | 6 | 3 | 971,400 | 8/24/23 | 2,545,000 | 970 | 262% |
| 933 | E Broadway | 4,000 | 4,641 | 18 | 9 | 3 | 2,097,500 | 9/15/23 | 2,260,000 | 487 | 108% |
| 703 | E 2nd St | 3,875 | 3,060 | 14 | 8 | 3 | 1,402,400 | 4/27/23 | 2,245,000 | 734 | 160% |
| 3 | Pacific St | 1,473 | 2,373 | 11 | 6 | 3 | 1,281,400 | 3/1/23 | 2,110,000 | 889 | 165% |
| 558 | E 5th St | 5,630 | 3,311 | 13 | 7 | 3 | 1,599,600 | 5/1/23 | 2,100,000 | 634 | 131% |
| 621 | E 8th St | 2,407 | 3,579 | 20 | 12 | 3 | 1,660,900 | 10/18/23 | 1,900,000 | 531 | 114% |
| 74 | Marine Rd | 2,561 | 3,735 | 18 | 8 | 4 | 1,703,600 | 4/18/23 | 1,900,000 | 509 | 112% |
| 761 | E 7th St | 2,109 | 3,252 | 13 | 7 | 3 | 1,607,500 | 8/18/23 | 1,899,000 | 584 | 118% |
| 114 | W 3rd St | 1,014 | 2,330 | 10 | 3 | 3 | 1,194,200 | 2/3/23 | 1,875,000 | 805 | 157% |
| 49 | Middle St | 2,124 | 3,090 | 14 | 6 | 3 | 1,318,500 | 1/6/23 | 1,862,500 | 603 | 141% |
| 401 | E 7th St | 1,985 | 3,258 | 15 | 6 | 3 | 1,478,200 | 8/1/23 | 1,850,000 | 568 | 125% |
| 665 | E 7th St | 2,601 | 3,732 | 15 | 6 | 3 | 1,301,000 | 10/2/23 | 1,849,000 | 495 | 142% |
| 178 | L St | 3,244 | 3,841 | 17 | 7 | 3 | 1,454,100 | 9/22/23 | 1,800,000 | 469 | 124% |
| 815 | E 4th St | 1,368 | 2,730 | 11 | 4 | 3 | 1,305,100 | 7/28/23 | 1,725,000 | 632 | 132% |
| 68-70 | L St | 1,785 | 3,156 | 16 | 4 | 3 | 1,243,800 | 5/4/23 | 1,690,000 | 535 | 136% |
| 187 | W 5th St | 1,606 | 1,850 | 11 | 5 | 3 | 1,065,700 | 3/31/23 | 1,500,000 | 811 | 141% |
| 910 | E 4th St | 1,884 | 3,528 | 15 | 6 | 3 | 1,232,900 | 7/18/23 | 1,500,000 | 425 | 122% |
| 26 | Mercer St | 2,125 | 2,672 | 12 | 5 | 3 | 1,305,500 | 3/15/23 | 1,500,000 | 561 | 115% |
| 8 | Glover Ct | 1,961 | 2,682 | 12 | 3 | 3 | 1,130,000 | 6/26/23 | 1,450,000 | 541 | 128% |
| 30 | Mercer St | 2,159 | 3,288 | 11 | 5 | 3 | 1,507,400 | 2/24/23 | 1,375,000 | 418 | 91% |
| 28 | Mercer St | 2,091 | 2,169 | 10 | 3 | 3 | 1,263,900 | 2/24/23 | 1,375,000 | 634 | 109% |
| 659 | E 4th St | 1,530 | 2,101 | 10 | 5 | 3 | 1,189,200 | 11/17/23 | 1,375,000 | 654 | 116% |
| 204 | I St | 1,419 | 3,135 | 12 | 6 | 3 | 1,279,100 | 3/9/23 | 1,265,000 | 404 | 99% |
| 21 | M St | 1,577 | 2,295 | 10 | 3 | 3 | 1,007,500 | 6/2/23 | 1,250,000 | 545 | 124% |
| 2 | O Street Pl | 1,055 | 1,857 | 9 | 3 | 3 | 982,700 | 6/1/23 | 1,200,000 | 646 | 122% |
| 1 | O Street Pl | 1,340 | 1,857 | 9 | 3 | 3 | 1,014,100 | 6/1/23 | 1,200,000 | 646 | 118% |
| 5.5 | Grimes St | 970 | 1,908 | 12 | 4 | 3 | 974,800 | 6/2/23 | 1,200,000 | 629 | 123% |
| 880 | E 2nd St | 1,296 | 2,331 | 9 | 3 | 3 | 802,300 | 3/2/23 | 1,200,000 | 515 | 150% |
| 70 | O St | 1,080 | 2,040 | 9 | 4 | 3 | 1,139,800 | 4/28/23 | 1,200,000 | 588 | 105% |
| 5 | Brewster St | 846 | 2,126 | 9 | 4 | 3 | 1,050,900 | 4/10/23 | 1,075,000 | 506 | 102% |
| 34 | Vinton St | 2,461 | 1,824 | 11 | 5 | 3 | 1,152,300 | 1/10/23 | 1,000,000 | 548 | 87% |
| 653 | E 7th St | 858 | 1,936 | 9 | 3 | 3 | 916,300 | 6/16/23 | 980,000 | 506 | 107% |
| 136 | W 7th St | 1,316 | 2,364 | 12 | 5 | 3 | 1,130,800 | 9/11/23 | 974,522 | 412 | 86% |
| 561A | E 6th St | 2,220 | 2,256 | 11 | 5 | 3 | 1,034,000 | 12/6/23 | 910,000 | 403 | 88% |
| 929 | E 4th St | 3,875 | 4,595 | 19 | 9 | 3 | 1,996,800 | 11/8/23 | 800,000 | 174 | 40% |
| AVERAGES | 2,103 | 2,837 | 1,297,194 | 6/10/23 | 1,584,445 | 575 | 124% | ||||
