Multifamily Property with
18-20 Fayston St, Boston, MA 02121
For Sale
$1,250,000
The first floor is rented, while the second and third floors will be delivered vacant.
Property Size4,443 SF
Price / SF$281.34
Days on Market9
Property Features for 18-20 Fayston St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
deck
basement storage
coin-operated laundry
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listed By:
Patrice Williams
(857) 408-2200
Source:
Elliman
Added: Nov 6
Changed: Nov 12
Last Checked: Nov 12 at 9:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Patrice Williams
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Investment Insights
Based on property information with market context.
This 1920-built multifamily property at 18-20 Fayston St in Boston contains 4,443 square feet, with 9 bedrooms and 3 full bathrooms across multiple levels. The first floor has 4 bedrooms and 1 bathroom and is producing rental income; the second and third floors are slated for vacant delivery. A full-height basement contains coin-operated laundry equipment and storage space. The property is being sold as is.
Updates include a deck in 2026 and hot water tanks installed in 2026, 2018, and 2017; the roof dates to 2019. The address is between Grove Hall and Nubian Square, with access to the #45 bus route and I-93. Nearby destinations listed include Boston Medical Center, Northeastern University, Boston Latin Academy, Nubian Square, and Franklin Park.
Updates include a deck in 2026 and hot water tanks installed in 2026, 2018, and 2017; the roof dates to 2019. The address is between Grove Hall and Nubian Square, with access to the #45 bus route and I-93. Nearby destinations listed include Boston Medical Center, Northeastern University, Boston Latin Academy, Nubian Square, and Franklin Park.
Key Highlights
- 4,443 square feet with 9 bedrooms and 3 full bathrooms
- First floor includes 4 bedrooms and 1 bathroom and currently generates rental income
- Second and third floors to be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,375
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,087,500
$2.1M
Cap Rate 7%
$1,491,071
$1.5M
Cap Rate 9%
$1,159,722
$1.2M
Market Conditions
NOI Build-Up for 4,443 SF
Gross rent
$197.3K $44.40/SF
− Vacancy
−$7.5K −$1.69/SF
EGI
$189.8K $42.71/SF
− OpEx
−$85.4K −$19.22/SF
NOI
$104.4K $23.49/SF
Area
Boston, MA
Vacancy
3.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,087,500
Cap Rate 7%
$1,491,071
Cap Rate 9%
$1,159,722
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.30M – $1.74M
NOI $104,375 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $232,884 @ 7.0% cap · market cap 18.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 02121, MA
28,766
Population
11,384
Households
2.5
Avg Household Size
33
Median Age
21%
College-Educated
75%
High-School Grad
1.9 sq mi
ZIP Area
15,140
Density / Sq Mi
$38,565
Median Household Income
$33,700
Median Earnings
$1,316
Median Rent
$548,100
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Boston, MA
Properties on Market for Multifamily properties in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The first floor is rented, while the second and third floors will be delivered vacant.
Where is this multifamily property located?
The property is located at 18-20 Fayston St Boston, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 4,443 square feet with 9 bedrooms and 3 full bathrooms; First floor includes 4 bedrooms and 1 bathroom and currently generates rental income; Second and third floors to be delivered vacant
