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59 Joy Street
Boston, MA, 02114
$1,449,000
3 Beds
3 Baths
1,704 SqFt
0.02 Acres
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MLS #73586459 image #0
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
Beacon HillBeaconhill

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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

Net Operating Income
$102,900
Tax Year
2026
Taxes
$21,855

Map

Community

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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