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.
| Units | 3 |
| Living area | 1,704 sqft |
| Lot size | 720 sqft |
| Year built | 1880 |
| Price / sqft | $850 |
| County | Suffolk |
| MLS # | 73586459 |
| Days on market | 0 days |
| Listed on | October 4, 2026 |
| Annual property tax | $21,855 |
| Tax year | 2026 |
| Assessed value | $1,762,500 |
| Zoning | H-2-65 |
| Gross income (actual) | $102,900/yr |
| Net operating income (actual) | $102,900/yr |
| Total actual rent | $8,575/mo |
| Stories | 3 |
| Total rooms | 12 |
| Lot size | 0.02 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Foundation | Other |
| Roof | Other |
| Construction | See Remarks |
| Sewer | Public Sewer |
| Water | Public |
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Auto-generated from the listing data — richer AI answers coming with the live site.
It is a 3-unit multi-family property with 1,704 sqft of living area, built in 1880.
59 Joy Street, Boston MA 02114 has been listed for 0 days (since October 4, 2026).
At a list price of $1,449,000 across 3 units, that works out to roughly $483,000 per unit.
Annual property taxes are $21,855 (2026), on an assessed value of $1,762,500.
At $1,449,000 for 1,704 sqft, that's about $850 per square foot.
59 Joy Street, Boston MA 02114 is in Boston, Suffolk County, MA 02114.

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.