We are pleased to present the opportunity to acquire Beacon Fairbanks Manor, a 56-unit apartment community in one of Greater Boston’s most highly ranked and supply-constrained submarkets, Brookline, MA. Beacon Fairbanks Manor occupies a prime position on Beacon Street between Coolidge Corner and Washington Square, sitting directly on the MBTA Green Line Fairbanks Street stop. The property consists of 11 Studios, 30-One Bedroom, and 15-Two Bedroom units. The property provides durable in-place income underpinned by an irreplaceable location and strong tenant demographic, paired with a clear value-add business plan with significant upside. The property sits within a short commute of the 213-acre Longwood Medical Area; home to Brigham and Women’s Hospital, Boston Children’s Hospital, Beth Israel Deaconess Medical Center, and Dana Farber Cancer Institute. Additionally, Beacon Fairbanks Manor provides rapid transit to tenants who work in the major employment hubs of Boston, Cambridge, Brookline, and beyond. Nearby amenities are unmatched within Coolidge Corner and Washington Square, known for boutique dining, grocery options, retail, nightlife, and a strong sense of community that supports low turnover rates.
Griggs Park, located between Beacon Street and Commonwealth Avenue, is a residential and park-centered Brookline neighborhood with leafy side streets and a classic brownstone-and-triple-decker streetscape. The neighborhood’s character concentrates around the Beacon Street corridor by Coolidge Corner, where indie bookstores, small cafes, and long-running eateries keep the sidewalks active. Coolidge Corner Theatre anchors local culture with repertory screenings and premieres. Brookline Booksmith adds a literary pulse, while Zaftig’s Delicatessen & Restaurant sets a familiar, all-day table. Homes read as early-20th-century brick and clapboard, with pocket gardens and stoops facing calm blocks. Griggs Park itself frames daily routines with lawns, paths, and a playground feel.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Bathrooms
56 full bathrooms
59 half bathrooms
Exterior features
Corner lot
Home design
Three stories
Construction
Three-story building
Construction materials: See Remarks
Other roof
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Style
Multi-Family (5+ Unit)
County
Norfolk County
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Last updated by owner on Nov 30, 2021.
Local insights from Redfin agents
Brookline will continue to be a Seller's market for the foreseeable future, driven by restrictive zoning laws that have limited increases in housing production and a stable population with relatively low turnover. This has resulted in a massive...
supply/demand imbalance that is unlikely to change.