503 Beacon Street, Boston, MA 02215
503 Beacon Street, Boston, MA 02215
503 Beacon Street, Boston, MA 02215
503 Beacon Street, Boston, MA 02215
503 Beacon Street, Boston, MA 02215
503 Beacon Street, Boston, MA 02215
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MaryJane Silva

MaryJane Silva

+1(508) 317-9195
$ 4,495,000
Est. payment | /mo

6 Beds

10 Baths

4,959 SqFt

Save
$ 4,495,000
Est. payment | /mo
Save

6 Beds

10 Baths

4,959 SqFt

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

Schools and Properties Nearby

MaryJane Silva

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(508) 317-9195

mjsellscapecodshomes@gmail.com

Learn More About LPT Realty

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503 Beacon Street