
61 Joy Street Boston — Photo 1 of 6
$1,599,000
Investment Analysis — 61 Joy Street
Boston, MA 02114 — Beacon Hill
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-unit multi-family in 02114 carries an estimated $10,960/mo in gross rent — about a 4.87% cap rate and $77,928/yr in estimated NOI at the $1,599,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
1,632
Style
3 Family - 3 Units Up/Down
Built
1880
This offering presents a rare opportunity to acquire a three-family residential building in Boston's Beacon Hill neighborhood, ideally suited for either an investor or an owner-occupant. One unit can be delivered vacant, so an owner-user can move in while collecting rental income from the remaining units, or re-lease at market rents. Two of the units have been fully renovated and the third partially renovated, all with very nice finishes throughout. Unit 1 has a central HVAC system and the other two units have ductless mini-split systems, providing efficient heating and cooling across the building. The property 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, and residents also have the shops, restaurants, and amenities of Charles Street and the West End close by. With its flexible occupancy, updated systems, and quality finishes, this property is a compelling opportunity in one of Boston's most desirable and supply-constrained submarkets.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: Kevin Benzinger
Listing Office: Boston Realty Advisors
MLS® Number: 73586461









