Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

59 Joy Street

Beacon Hill - Boston, MA ID #73586459

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59 Joy Street

Beacon Hill - Boston, MA ID #73586459

Property Description

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.

Additional Details

  • Status: Active
  • Type: Multi-Family, Triplex
  • Area: Beacon Hill
  • Zip Code: 02114
  • Taxes: 21,855
  • Levels: 3
  • Acres: 0.02

Rooms/Dimensions

  • Total Units: 3
  • Total Floors: 3
  • Total Rooms: 12

Location

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Content © 2026 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Kevin Benzinger of Boston Realty Advisors. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.