Property photo 1
Property photo 2
3 Beds
3 Baths
1,704 sqft

$1,449,000

59 Joy Street, Boston MA, 02114

Price per sqft$850.35
Built in1880
Property size1,704 sqft
Property typeMulti-family

Overview

Active

New

Listed Oct 4, 2026

Updated 10h ago

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.

$9,640/mo

Est. mortgage payment based on a $1,449,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
73586459

Interior Features

Bedrooms
3
Bathrooms
3
Basement
No

Exterior Features

Lot Size
0.02 Acres

Other Property Details

Taxes
$21,855
Tax Frequency
Annually
55+/Senior Community
No

This listing is provided by Kevin Benzinger with Boston Realty Advisors

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Data last updated 7:36 AM UTC, 10/5/2026

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