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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.

More Info

Basic Information

  • Gross Income $102,900
  • Lot Features Other
  • Mls StatusNew
  • Parcel Number 3364759

Tax Information

  • Tax Assessed Value $1,762,500
  • Tax Year 2026
  • Taxes$21,855

Parking

  • Parking Spaces

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms3
  • Full Bath3

Basic Information

  • List Price$1,449,000
  • MLS Number73586459
  • Modification Date10/05/2026
  • Property SubType3 Family - 3 Units Up/Down

Location

  • Address59 Joy Street
  • Building Number59
  • CountySuffolk
  • NeighborhoodBeacon Hill
  • StateMA
  • StreetJoy Street
  • SubdivisionBeacon Hill
  • TownBoston
  • Zip02114

Building

  • Building Area Units Square Feet
  • Construction Materials See Remarks
  • FoundationOther
  • Levels 3
  • Rooms12
  • Stories3
  • Units3
  • Year Built1880
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.02

Exterior

  • RoofOther

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 1,704
  • Lot Size Square Feet 720
  • Lot Size Units Acres
  • Square Feet1,704

Other

  • Date Listed10/05/2026
  • Farm Land Area Units Square Feet
  • View Count1

Map Location

Driving Directions

Listed by Kevin Benzinger of Boston Realty Advisors

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