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Active

59 Joy Street, Boston MA 02114

$1,449,000

Estimated $4,171/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $483,000

Total Rent: 102900/year

Estimated CAP Rate:

3 Bedrooms

Baths

1704

Total Parking: 0

720 (0.02)

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.

This home has been viewed 13 times

Last Checked: October 9th, 2026 at 5:33am (Source: MLS PIN #73586459)

Gross Income: $102,900

Gross Expenses: $21,855

Net Income Calc: $81,045

Annual Expenses for 59 Joy Street, Boston MA 02114

Total Gross Expenses (Calculated)$21,855/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax21855

Annual Income & Unit Breakdown for 59 Joy Street, Boston MA 02114

Total Gross Income (Calculated)$102,900

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 59 Joy Street, Boston MA 02114

Listing ID73586459

Property TypeMulti Family / 3 Family

Price1449000 ($850.35/SqFt)

Style3 Family - 3 Units Up/down

CityBoston

CountySuffolk

MLS AreaBeacon Hill

Neighborhood(s)

Approximate Living Area Total1704

Approximate Lot Size (Acres)0.02

Total Parking0

Garage Parking0

Year Built1880

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningH-2-65

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 59 Joy Street, Boston MA 02114

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBlack Light Fixture Above Storage Bench In Kitchen.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 59 Joy Street, Boston MA 02114

Real Estate Taxes21855

Tax Year2026

Assessed Value$1,762,500

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 59 Joy Street, Boston MA 02114

Neighborhood(s)

MLS AreaBeacon Hill

Area Amenities

Contact Information for 59 Joy Street, Boston MA 02114

Agent

Name: Kevin Benzinger

Office

Name: Boston Realty Advisors

Phone: 617-375-7900

Team Members

Name: Daniel Alper

Payment Calculator

, Interest

Property Taxes 1821.25

Principal & Interest 8928.28

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Boston Realty Advisors

Kevin Benzinger

Agent Phone

Office Phone

(617) 375-7900

Text Agent Call Agent Call Office

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EXIT

1 More Photo

Active

59 Joy Street, Boston MA 02114

$1,449,000

Annual Expenses for 59 Joy Street, Boston MA 02114

Annual Income & Unit Breakdown for 59 Joy Street, Boston MA 02114

General Information for 59 Joy Street, Boston MA 02114

Disclosures for 59 Joy Street, Boston MA 02114

Financial Information for 59 Joy Street, Boston MA 02114

Location Information for 59 Joy Street, Boston MA 02114

Contact Information for 59 Joy Street, Boston MA 02114

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Boston Realty Advisors

Kevin Benzinger