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.
Property Details
Price:
$1,449,000
MLS #:
73586459
Status:
Active
Beds:
3
Baths:
3
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
Neighborhood:
beaconhill
Listed Date:
Oct 4, 2026
Finished Sq Ft:
1,704
Total Sq Ft:
1,704
Lot Size:
720 sqft / 0.02 acres (approx)
Year Built:
1880
Units:
3
See this Listing
Schools
Interior
Above Grade Finished Area
1704
Bathrooms
3 Full Bathrooms
Levels
3
Exterior
Construction Materials
See Remarks
Lot Features
Other
Roof
Other
Stories
3
Financial
Tax Year
2026
Taxes
$21,855
Map
Community
- Address59 Joy Street Boston MA
- CityBoston
- CountySuffolk
- Zip Code02114
Subdivisions in Boston
- Adams Village
- Ashmont Hill
- Ashmont Hill / Carruth Area
- Back Bay
- Bay Village
- Beacon Hill
- Bellevue Hill
- Boston
- Brighton-Oak Square
- Charlestown
- Chestnut Hill
- Chestnut Hill /Brookline line
- Chestnut Hill Park Condominium
- Clam Point Neighborhood
- Eight Streets Neighborhood
- Ellis South End Neighborhood
- Fairmount Hill
- Fields Corner
- Gas Light District
- Golf Course Neighborhood
- Harbor View
- Harborview
- Highland
- Hyde Park
- Jamaica Plain
- Lower Mills
- Melville Park
- Metropolitan Heights Area
- Metropolitan Hill
- Mission Hill – Longwood Medical
- Oak Square
- Parkway neighborhood
- Roslindale
- Roslindale – WC Bates
- roslindale village
- Roxbury’s Moreland Street Historic District
- Savin Hill: Minutes to Carson Beach/UMass Boston T-Stop
- South Boston
- Suffolk County
- Sumner Hill
- Thomas Park
- Woodbourne
Market Summary
Current real estate data for Multi Family in Boston as of Oct 09, 2026
427
Multi Family Listed
128
Avg DOM
468
Avg $ / SqFt
$2,043,648
Avg List Price
Property Summary
- 59 Joy Street Boston MA is a Multi Family for sale in Boston, MA, 02114. It is listed for $1,449,000 To schedule a showing of MLS#73586459 at 59 Joy Street in Boston, MA, contact your Cornerstone Real Estate agent at 617-238-7400.
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Courtesy of Boston Realty Advisors. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
59 Joy Street
Boston, MA

