16 Patterson St Boston — Photo 1 of 32
$649,000
Investment Analysis — 16 Patterson St
Boston, MA 02124 — Dorchester's Lower Mills
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02124 carries an estimated $3,390/mo in gross rent — about a 3.64% cap rate and $23,629/yr in estimated NOI at the $649,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
1,600
Style
Single Family
Built
1900
Discover a residence of enduring charm at 16 Patterson St, Boston, MA, a single-family home constructed in 1900. This 1600 square foot property presents an inviting atmosphere, thoughtfully prepared for immediate occupancy. The open-plan kitchen, seamlessly integrated with the living room, is appointed with stainless steel appliances, providing a functional and aesthetically pleasing space for culinary pursuits and social gatherings. The living room, characterized by its elegant hardwood flooring, offers a sophisticated setting for relaxation and entertainment. The four bedrooms also feature hardwood flooring, contributing to a cohesive and refined aesthetic throughout the private quarters of the home. Complementing the interior, the property includes a private yard and a welcoming porch, extending the living space outdoors. We invite you to schedule a private viewing.
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: 800 sq ft (the lesser of 900 sq ft or half the 1,600 sq ft principal dwelling). Lot size: 3,361 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.
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Property History
$649,000
Sep 16, 2026
MLS® 73578437
$729,000
Aug 3, 2026
MLS® 73505884
$729,000
Apr 22, 2026
MLS® 73505884
Listing Agent: Joseph Mceachern
Listing Office: Paramount Properties
MLS® Number: 73578437
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