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This offering presents a ten-unit residential building on the border of Boston's Back Bay and Fenway neighborhoods, made up of four studios and six one-bedroom units, with a proven value-add business plan already underway. Renovated units command a significant rent premium over their unrenovated counterparts for both studios and one-bedrooms, so a buyer can keep turning the remaining unrenovated units as they come up and capture meaningful rent growth. The location gives residents easy access to many of Boston's most sought-after destinations, including the Prudential Center, Newbury Street, the Fenway and Kenmore Square area, and Cambridge, which is just across the Charles River via Massachusetts Avenue. Nearby Green Line service connects residents to downtown and the greater Boston area, and a dense concentration of employers, hospitals, and universities supports consistent rental demand for studio and one-bedroom units. With in-place income, a demonstrated renovation premium, and continued upside, this property is an attractive opportunity to carry forward a proven strategy in one of Boston's most desirable and supply-constrained submarkets. The property also features 2-off street parking spaces!

More Info

Basic Information

  • Lot Features Other
  • Mls StatusNew
  • Parcel Number 3361885

Tax Information

  • Tax Assessed Value $2,507,400
  • Tax Year 2026
  • Taxes$31,092

Parking

  • Parking Spaces2

Rooms

  • Bathroom10
  • Bathrooms Total Decimal 10
  • Bedrooms6
  • Full Bath10

Basic Information

  • List Price$4,495,000
  • MLS Number73586460
  • Modification Date10/04/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Location

  • Address503 Beacon Street
  • Building Number503
  • CountySuffolk
  • NeighborhoodBack Bay
  • StateMA
  • StreetBeacon Street
  • SubdivisionBack Bay
  • TownBoston
  • Zip02215

Building

  • Building Area Units Square Feet
  • Construction Materials See Remarks
  • FoundationOther
  • Levels 5
  • Rooms36
  • Stories5
  • Units10
  • Year Built1899
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.05

Exterior

  • RoofOther

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,959
  • Lot Size Square Feet 2,275
  • Lot Size Units Acres
  • Square Feet4,959

Other

  • Date Listed10/05/2026
  • Farm Land Area Units Square Feet
  • View Count2

Map Location

Driving Directions

Listed by Kevin Benzinger of Boston Realty Advisors

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