Luxury Real Estate Group Boston > Boston > 59 Joy Street

LRG Boston

(617) 233-5800

355 Boylston St

Boston, Ma 02116

59 Joy Street

Boston, MA

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.

offered at

$1,449,000

  • Listing ID: 73586459
  • Bedrooms: 3
  • Full Baths: 3
  • Living Area: 1,704 sqft Convert
  • Lot Size: 720 sqft Convert
  • Acres: 0.02

Additional Details

Type: Multi-Family, Triplex

Area: Beacon Hill

Zip Code: 02114

Levels: 3

Rooms and Dimensions

Total Units: 3

Total Floors: 3

Total Rooms: 12

Contact: LRG Boston at (617) 233-5800

LRGBOSTON.COM

355 Boylston St. Boston, MA 02116

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