8 Fairfield was designed by Sturgis and Brigham, architects, and built in 1879-1880 by Weston & Shepard, builders, one of two contiguous houses (8-10 Fairfield) designed as a symmetrical pair with stepped (curvilinear) Dutch-style gables. Currently configured as a five unit apartment house with leases in place through 8/31/23, the building offers an opportunity for a blue-chip investment in the 02116 section of Back Bay, at the corner of Marlborough Street. Built on a corner lot, there are windows facing west, east, and north for beautiful natural light. An elegant Queen Anne staircase graces the common hallway, original period mantles on fireplaces, high ceilings, gracious proportions.
This home has been viewed 29 times
Last Checked: May 7th, 2024 at 7:11am (Source: MLS PIN #73072840)
Gross Income: $166,200
Gross Expenses: $47,537
Net Income Calc: $118,663
CAP Rate: 2.18%
Annual Expenses for 8 Fairfield St, Boston MA 02116
Total Gross Expenses (Calculated)$47,537/year
APOD AvailableYes
Heating$5,900
Electricity$2,032
Water$3,879
Gas$3,879
Insurance$2,700
Sewer$3,879
Trash Removal
Repair & Maintenance$4,400
Management
Miscellaneous
Real Estate Tax$27,527
Annual Income & Unit Breakdown for 8 Fairfield St, Boston MA 02116
Total Gross Income (Calculated)$166,200
Unit 1
Rental Income$1,850
LeaseY
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income$3,550
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent Includes
Unit 3
Rental Income$4,100
LeaseY
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent Includes
Unit 4
Rental Income$4,350
LeaseY
Bedrooms3
Bathrooms1 Full
Floor4
Levels in Unit1
HeatingYes
Rent Includes
General Information for 8 Fairfield St, Boston MA 02116
Listing ID73072840
Property TypeMulti Family
Price$5,450,000 ($820.78/SqFt)
Style5+ Family - 5+ Units Up/down
CityBoston
CountySuffolk
MLS AreaBack Bay
Neighborhood(s)
Approximate Living Area Total6,640 SqFt
Approximate Lot Size (Acres)0.03 acres
Total Parking0
Garage Parking
Year Built1899
Year Built SourcePublic Records
Year Renovated
Year Built DetailsUnknown/Mixed
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
ZoningR4
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 8 Fairfield St, Boston MA 02116
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureGross Square Footage includes halls, public record
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceOther (see Remarks)
Total Gross Expenses By Broker$16,250
Total Gross Income By Broker$190,000
Total Net Income By Broker$197,790
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.5
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 8 Fairfield St, Boston MA 02116
Real Estate Taxes$27,527
Tax Year2022
Assessed Value$2,530,100
Financial Data SourceOther (see Remarks)
Total Gross Expenses By Broker$16,250
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$190,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$197,790
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)2.18%
Location Information for 8 Fairfield St, Boston MA 02116
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaBack Bay
Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, Shopping, Golf, Park, Medical Facility, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), Stable(s), Private School, University
Contact Information for 8 Fairfield St, Boston MA 02116