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$ 4,495,000
Est. payment /mo
Active
503 Beacon Street Boston, MA 02215
6 Beds
10 Baths
4,959 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 4,959 sqft
Price per Sqft $906
MLS Listing ID 73586460
Bedrooms 6
Full Baths 10
Year Built 1899
Annual Tax Amount $31,092
Tax Year 2026
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
This offering presents a ten-unit residential building on the border of Boston's Back Bay and Fenway neighborhoods, made up of four studios and six one-bedroom units, with a proven value-add business plan already underway. Renovated units command a significant rent premium over their unrenovated counterparts for both studios and one-bedrooms, so a buyer can keep turning the remaining unrenovated units as they come up and capture meaningful rent growth. The location gives residents easy access to many of Boston's most sought-after destinations, including the Prudential Center, Newbury Street, the Fenway and Kenmore Square area, and Cambridge, which is just across the Charles River via Massachusetts Avenue. Nearby Green Line service connects residents to downtown and the greater Boston area, and a dense concentration of employers, hospitals, and universities supports consistent rental demand for studio and one-bedroom units. With in-place income, a demonstrated renovation premium, and continued upside, this property is an attractive opportunity to carry forward a proven strategy in one of Boston's most desirable and supply-constrained submarkets. The property also features 2-off street parking spaces!
Location
State MA
County Suffolk
Area Back Bay
Zoning H-3-65
Direction Corner of Beacon St and Mass Ave.
Exterior
Roof Type Other
Total Parking Spaces 2
Garage No
Building
Lot Description Other
Story 5
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Boston Realty Advisors