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.
For sale
$1,449,000
59 Joy St, Boston, MA 02114
3beds
1,704sqft
3 Family - 3 Units Up/Down
Built in 1880
-- sqft lot
$1,825,900 Zestimate®
$850/sqft
$-- HOA
What's special
- 31 days
- 1,604
- 89
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Kevin Benzinger 860-424-7613,
Boston Realty Advisors 617-375-7900
Source: MLS PIN,MLS#: 73586459
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,704
- Total interior livable area: 1,704 sqft
- Finished area above ground: 1,704
Property
Lot
- Size: 720 Square Feet
- Features: Other
Details
- Parcel number: 3364759
- Zoning: H-2-65
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- See Remarks
- Foundation: Other
- Roof: Other
Condition
- Year built: 1880
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Boston
Financial & listing details
- Price per square foot: $850/sqft
- Tax assessed value: $1,762,500
- Annual tax amount: $21,855
- Date on market: 10/4/2026
- Total actual rent: 8575
Estimated market value
$1,825,900
$1.61M - $2.05M
$5,301/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2026 | Listed for sale | $1,449,000$850/sqft |
Source: MLS PIN #73586459 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,010 +14.8% | $1,728,000 +8% |
| 2024 | $17,436 +1.5% | $1,599,600 |
| 2023 | $17,180 +3.7% | $1,599,600 +5.1% |
| 2022 | $16,567 +7.1% | $1,522,700 +5% |
| 2021 | $15,474 +13.5% | $1,450,200 +12.3% |
| 2020 | $13,632 +6.4% | $1,290,900 +6.2% |
| 2019 | $12,810 +7.6% | $1,215,400 +7% |
| 2018 | $11,901 +328.3% | $1,135,600 +5% |
| 2017 | $2,779 -75% | $1,081,100 +7% |
| 2016 | $11,116 +3.5% | $1,010,500 +13.9% |
| 2015 | $10,742 +7.8% | $887,000 +12% |
| 2014 | $9,963 +0.5% | $792,000 +5% |
| 2013 | $9,912 -3.6% | $754,300 -4.4% |
| 2012 | $10,287 +7.1% | $788,850 +5.1% |
| 2011 | $9,604 +6.6% | $750,870 -1% |
| 2010 | $9,011 +10.9% | $758,520 -0.7% |
| 2009 | $8,122 -3.1% | $764,100 |
| 2008 | $8,382 -4.7% | $764,100 -4.5% |
| 2007 | $8,796 +4% | $800,400 +5.2% |
| 2006 | $8,461 +8.8% | $760,900 +5% |
| 2005 | $7,774 +30.5% | $724,500 +23.5% |
| 2004 | $5,956 -21.2% | $586,845 -12.4% |
| 2003 | $7,559 +11.1% | $669,546 +8.3% |
| 2002 | $6,806 +11.9% | $618,192 +33.7% |
| 2000 | $6,081 | $462,400 |
Find assessor info on the county website
Monthly payment
Est. payment







