Province & Domain
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Boston, MA · For sale

59 Joy Street, Boston, MA 02114

$1,449,000

Listed by Kevin Benzinger, Boston Realty Advisors

Beds
3
Baths
3
Living area
1,704 sq ft
Type
Multi Family
About this home

Property details

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.

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Courtesy of the listing brokerage

Listing information

Listing office
Boston Realty Advisors
Listing agent
Kevin Benzinger
MLS #
73586459
Status
For sale

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Listing data (c) MLS Property Information Network, Inc. Data last updated October 19, 2026, 12:20 AM EDT.