Excellent location, and great value. You could hear the music downstairs just a tiny bit...but none of us in our group had any issues at all with it as it was not loud at all being up on the 3rd floor. The space is smaller overall, but big enough that we slept 4 guys comfortably with the 2 beds and 2 futons in the living room (which were great for us). Also, the weather was chilly and rainy when we were there, so we didn't really get to take advantage of the deck off the bedrooms to hang out.
There is a ton of great places to check out nearby (restaurants/bars/stores) and a short walk to the Harvard campus if you want to explore the campus. Uber/Lyft rides were always just a few minutes away when we called for them - so location and getting around is pretty easy. I'd highly recommend this Patrick's place for anyone coming to visit Boston - I'd for sure stay there again. He was quick to respond with any questions we had.