$1,449,000
3
Beds
3
Baths
1,704
Living Area
-
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.
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Highlights
- Area: Beacon Hill
- Property Class: Residential Income
- Stories: 3
- Year Built: 1880
- Levels: 3
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 12
- Status: Active
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Additional Details
- Construction: See Remarks
- Lot Features: Other
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: H-2-65
- Foundation: Other
- Roof: Other
- Total Number of Units: 3
- Year Built Source: Public Records
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,762,500
- Taxes: $21,855
- Tax Year: 2026
- Total Rent: $8,575
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Listing information provided courtesy of Boston Realty Advisors.
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