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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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59 Joy St , Boston, MA 02114
$1,449,000
Est. Payment: $7,907.79/mo
3 Bed
3 Bath
1704 Sqft
0.02 Acres
Status: active | Days on site: 26
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AN8461 - CN216101
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House 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.

Highlights

Listed by Kevin Benzinger , 860-424-7613 Boston Realty Advisors , 617-375-7900. MLS Property Information Networks, Inc.

Property Type

Multi-Family

Lot/Acreage
0.02

Year Built

1880

County

Suffolk

Area

Beacon Hill

Listing ID

73586459

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Water:Public

Exterior Features

Garage Capacity:0
Zoning:H-2-65
Roof:Other
Sewer:Public Sewer
Principal Interest
$7,908
Taxes
$1,821

Home Price

$1,449,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$289,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,907.79

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,907.79 $1,821.25 $0.00 $9,729.04
Yearly $94,893.45 $21,855.00 $0.00 $116,748.45
Total $2,846,803.48 $655,650.00 $0.00 $3,502,453.48

Today's Rates

30 Year

7.25%

20 Year

7.03%

15 Year

6.68%

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Market insight data is pulled from the same city as the listing being viewed (Boston, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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Data last updated: 2026-10-31T22:48:11.000Z

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