4
See all 4 photos
$1,449,000
Est. payment /mo
3 Beds
3 Baths
1,704 SqFt
New
59 Joy Street Boston, MA 02114
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Key Details
Property Type Multi-Family
Sub Type 3 Family - 3 Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,704 sqft
Price per Sqft $850
MLS Listing ID 73586459
Bedrooms 3
Full Baths 3
Year Built 1880
Annual Tax Amount $21,855
Tax Year 2026
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type 3 Family - 3 Units Up/Down
Property Description
This offering presents a fully occupied three-family residential building in Boston's Beacon Hill neighborhood, consisting of three one-bedroom units with a clear value-add opportunity. One unit has been fully renovated and rents for $3,550 per month, while the two unrenovated units average approximately $2,500 per month. Because all three units share the same layout, the renovated unit shows what the others can achieve: renovating the remaining two could add roughly $1,050 per unit per month, or about $25,000 in annual gross rent. Meanwhile, the property generates in-place income from day one. The building is just steps from Cambridge Street and Massachusetts General Hospital, one of the region's largest employers, and a short walk to both the Red Line (Charles/MGH) and Green Line (Government Center) MBTA stations, giving residents easy access to downtown, Cambridge, and the greater Boston area. A deep employer base nearby, including MGH, the State House, Government Center, and the Financial District, supports consistent rental demand for one-bedroom units, and residents also have the shops, restaurants, and amenities of Charles Street and the West End close by. With stable occupancy, a proven value-add business plan with meaningful upside, this property is an attractive investment in one of Boston's most desirable and supply-constrained submarkets.
Location
State MA
County Suffolk
Area Beacon Hill
Zoning H-2-65
Direction 59 Joy Street, Boston, MA
Exterior
Roof Type Other
Garage No
Building
Lot Description Other
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Boston Realty Advisors
NEARBY SCHOOL & BUSINESS
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