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503 Beacon Street
Boston, MA, 02215
$4,495,000
6 Beds
10 Baths
4,959 SqFt
0.05 Acres
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MLS #73586460 image #0
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!

Property Details

Price:
$4,495,000
MLS #:
73586460
Status:
Active
Beds:
6
Baths:
10
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Neighborhood:
backbay
Listed Date:
Oct 4, 2026
Finished Sq Ft:
4,959
Total Sq Ft:
4,959
Lot Size:
2,275 sqft / 0.05 acres (approx)
Year Built:
1899
Units:
10
Back BayBackbay

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Schools

Interior

Above Grade Finished Area
4959
Bathrooms
10 Full Bathrooms
Levels
5

Exterior

Construction Materials
See Remarks
Lot Features
Other
Open Parking Spaces
2
Parking Spots
2
Parking Total
2
Roof
Other
Stories
5

Financial

Tax Year
2026
Taxes
$31,092

Map

Community

Market Summary

Current real estate data for Multi Family in Boston as of Oct 05, 2026
417
Multi Family Listed
129
Avg DOM
465
Avg $ / SqFt
$2,014,586
Avg List Price

Property Summary

    503 Beacon Street Boston MA is a Multi Family for sale in Boston, MA, 02215. It is listed for $4,495,000 To schedule a showing of MLS#73586460 at 503 Beacon Street in Boston, MA, contact your Cornerstone Real Estate agent at 617-238-7400.

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