5+ Family - 5+ Units Up/Down at 503 Beacon Street, Boston MA 02215, Boston
5+ Family - 5+ Units Up/Down at 503 Beacon Street, Boston MA 02215, Boston, photo 2 of 6
5+ Family - 5+ Units Up/Down at 503 Beacon Street, Boston MA 02215, Boston, photo 3 of 6
5+ Family - 5+ Units Up/Down at 503 Beacon Street, Boston MA 02215, Boston, photo 4 of 6
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5+ Family - 5+ Units Up/Down at 503 Beacon Street, Boston MA 02215, Boston, photo 6 of 6
6 photos

$4,495,000

503 Beacon Street, Boston MA 02215
Boston, MA 02215
Listed by Kevin Benzinger
Bedrooms
6
Bathrooms
10
Living area
4,959 sqft
Year built
1899

About this home

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!

Property details

MLS #
73586460
Property type
5+ Family - 5+ Units Up/Down
Subdivision
N/A
Status
Active
Days on market
4
On market date
October 4, 2026
Stories
5
Total bathrooms
10
Garage spaces
N/A
Parking spaces
2
Lot size
0.05 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Joseph J Hurley
1.01 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
351
Student:teacher ratio
16.0:1
District
Boston
Middle
James P Timilty Middle
1.37 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
205
Student:teacher ratio
8.2:1
District
Boston
High
Snowden International School at Copley
0.62 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
485
Student:teacher ratio
12.8:1
District
Boston

Walkability

Blended score for Boston's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

89
Highly walkable
out of 100
EPA National Walkability Index
16.3 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies19

Market position

How this listing compares to current activity in Boston, from live MLS data.

On the market 4 days -- 114 fewer days than Boston's current average of 118 days.
For reference, the median list price across 8,536 active listings in Boston right now is $59,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$27,219/mo
$899,000 down
$3,596,000 loan
Principal & interest$23,324
Property tax (est.)$3,746
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 11 hr ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.