48 Fayette St Boston — Photo 1 of 35
Recent Drop: $25,000
$3,175,000
Investment Analysis — 48 Fayette St
Boston, MA 02116 — Bay Village
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02116 carries an estimated $5,520/mo in gross rent — about a 0.39% cap rate and $12,242/yr in estimated NOI at the $3,175,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3.5
SqFt
2,658
Style
Single Family
Built
1890
Exquisite Bay Village single-family, four-level townhouse with 4 beds and 3.5 baths. Just full gut renovated to the studs. Professionally designed with refined, modern finishes throughout. Sun-filled open layout with a chef’s kitchen featuring granite counters and Thermador appliances. Second level offers a serene primary suite with walk-in closet, spa-like bath, in-unit laundry, and bonus room (nursery/office). Top floor includes a bright bedroom with ensuite bath, skylights, and flex lounge/office space. Lower level features 2 spacious bedrooms, full bath, and kitchenette with direct patio access. Private backyard oasis with bluestone patio. Rare, turnkey offering in the heart of Boston.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,658 sq ft principal dwelling). Lot size: 1,334 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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 MLS and other third-party data may be inaccurate or out of date.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
Amenities & Appliances
Electric Water Heater • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Freezer • Washer • Dryer • Wine Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl ThirdPrimary Bedroom
Lvl SecondBedroom 2
Lvl ThirdBedroom 3
Lvl BasementBedroom 4
Lvl BasementBathroom 1
Lvl BasementBathroom 2
Lvl SecondBathroom 3
Lvl ThirdProperty History
$3,175,000
Was $3,200,000
Sep 17, 2026
MLS® 73557299
$3,200,000
Jul 30, 2026
MLS® 73557299
$3,200,000
Jul 9, 2026
MLS® 73510711
$3,200,000
Apr 30, 2026
MLS® 73510711
Listing Agent: Marina Papanova
Listing Office: New Neighbors, Inc.
MLS® Number: 73557299
Related Insights
Boston Buyer Closing Costs 2026: 2%–5% Guide
Boston First-Time Buyers May Qualify at $205,335
After the Grant Window: Massachusetts First-Time Buyers
Massachusetts Buyers Face a Supply Crunch, Not a Crash
