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!
This home has been viewed 22 times
Last Checked: October 9th, 2026 at 5:33am (Source: MLS PIN #73586460)
Gross Income: $0
Gross Expenses: $31,092
Net Income Calc: $31,092
Annual Expenses for 503 Beacon Street, Boston MA 02215
Total Gross Expenses (Calculated)$31,092/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax31092
Annual Income & Unit Breakdown for 503 Beacon Street, Boston MA 02215
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseY
Bedrooms0
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
Unit 4
Rental Income$0
Lease
Bathrooms
Rent Includes
General Information for 503 Beacon Street, Boston MA 02215
Listing ID73586460
Property TypeMulti Family
Price4495000 ($906.43/SqFt)
Style5+ Family - 5+ Units Up/down
CityBoston
CountySuffolk
MLS AreaBack Bay
Neighborhood(s)
Approximate Living Area Total4959
Approximate Lot Size (Acres)0.05
Total Parking2
Garage Parking0
Year Built1899
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-3-65
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 503 Beacon Street, Boston MA 02215
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 503 Beacon Street, Boston MA 02215
Real Estate Taxes31092
Tax Year2026
Assessed Value$2,507,400
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 503 Beacon Street, Boston MA 02215
Neighborhood(s)
MLS AreaBack Bay
Area Amenities
Contact Information for 503 Beacon Street, Boston MA 02215