Finding Fenway condos under $500K requires understanding what’s realistically available in Boston’s competitive market. While the median Fenway condo price sits above $700,000, strategic buyers can still find quality units below the half-million mark – if they know where to look and what to expect.
This guide showcases five current listings under $500K, breaking down what each offers and helping you determine which fits your needs and budget.
Understanding the Fenway Condo Market Under $500K
According to recent market data, Fenway condo prices typically range from $475,000 to $700,000 for one-bedrooms. Finding units below $500K means focusing on studios, smaller one-bedrooms, or properties requiring updates.
The sub-$500K market attracts first-time buyers, investors seeking rental income, and professionals prioritizing location over square footage. These properties offer entry into Fenway’s transit-rich, walkable environment without the million-dollar price tags common in nearby Back Bay.
Fenway Condos for Sale: Current Listings Under $500K
Listing 1: 64 Queensberry St #114 – $425,000
Property Snapshot
- Price: $425,000
- Type: Studio with sleeping alcove
- Size: 390 sq ft
- Building: Historic 1910 Queensberry Court
- Status: Leased until June 30, 2026 at $2,200/month
Key Features
This rarely available studio at Queensberry Court offers beautiful tree-top views of an English courtyard garden from large windows. The unit features hardwood floors, high ceilings, and a separate kitchen with dishwasher and gas range. The sleeping alcove provides bedroom separation without walls.
Location Advantages
Located in West Fenway, the property sits steps from Simmons College and within a 10-minute walk to Longwood Medical Area. Northeastern University, Boston University, and Fenway Park all fall within easy walking distance. The Back Bay Fens offers endless greenspace, community gardens, running paths, and a soccer field.
Investment Perspective
Currently leased at $2,200/month, this unit generates approximately 6.2% gross rental yield strong for Boston. The lease through June 2026 provides immediate income for investors or occupancy timing flexibility for owner-users.
Ideal For: Investors seeking immediate rental income, medical residents at Longwood, graduate students, professionals wanting utilities included
Listing 2: 12 Stoneholm St #516 – $475,000
Property Snapshot
- Price: $475,000
- Type: Loft-style 1-bedroom
- Size: 400 sq ft
- Building: XII Stoneholm (built 1976)
- Status: Active, move-in ready
Key Features
This meticulously designed loft-style home offers flexible layout with an open bedroom loft and two sleeping areas. Features include oversized windows, bamboo floors, high ceilings, excellent closet space, and recent paint throughout.
Building Amenities
XII Stoneholm provides exceptional amenities: gym, common roof deck with pool and panoramic city views, 24-hour security, elevators, bike storage, and laundry facilities. These amenities rival luxury buildings at much higher price points.
Location Advantages
The front-facing unit offers views and natural light. Located in the heart of Fenway, residents enjoy walkability to public transportation, shopping, medical facilities, and universities.
Ideal For: Young professionals wanting building amenities, remote workers needing flexible space, buyers prioritizing rooftop pool access
Listing 3: 12 Stoneholm St #307 – $480,000
Property Snapshot
- Price: $480,000
- Type: 1-bedroom with bonus loft
- Size: 405 sq ft (355 main + 50 loft)
- Building: XII Stoneholm (built 2006)
- Status: Active, 2026 kitchen remodel completion expected early March
Key Features
Charming one-bedroom with bonus 50 sq ft loft space perfect for storage, additional sleeping area, or office desk space. The unit features brand new 2026 kitchen remodel with top-of-the-line Fisher & Paykel Series 5 and KitchenAid appliance package. New cabinetry and tile finishes create a contemporary feel.
Building Amenities
Same exceptional XII Stoneholm amenities: 24/7 concierge, rooftop pool, gym, 2 community roof decks, common laundry, bike storage, and attached rental garage parking available.
Location Advantages
Steps from the “Colleges of the Fenway” and top Boston universities. Unbeatable access to shops, restaurants, public transportation, and expansive green spaces. The location supports true car-free urban living.
Investment Perspective
Proven rental track record makes this attractive for investors. The updated kitchen and building amenities support premium rents in the $2,600-$2,800 range for one-bedrooms.
Ideal For: Buyers wanting updated finishes, those needing home office space, investment property seekers, professionals at Longwood Medical Area
Listing 4: 390 Riverway #24 – $485,000
Property Snapshot
- Price: $485,000
- Type: 1-bedroom
- Size: 555 sq ft
- Building: Historic 1900 building
- Status: Active
Key Features
A spectacular top-floor one-bedroom condo offering urban living surrounded by green space. The unit features open-style kitchen and living area, hardwood floors, 2 skylights, high ceilings, and lots of closet space. Kitchen and bathrooms have been tastefully updated.
Building Features
Common laundry and bike storage included. The well-maintained historic building provides character while offering modern updates where it matters.
Location Advantages
This location delivers the best of both worlds—urban setting with surrounding green space. Conveniently near Longwood Medical Area, Brookline Village, Fenway, E and D Green Line branches, parks, and jogging trails. The Charles River Esplanade and Back Bay Fens provide extensive outdoor recreation.
Utilities Included
Unlike many condos, this unit includes heat, water, and sewer in HOA—providing significant winter savings and predictable monthly costs.
Ideal For: Nature-loving urbanites, runners and cyclists, professionals at Longwood or Brookline Village, those wanting historic charm with updates
Listing 5: 12 Stoneholm St #406 – $485,000
Property Snapshot
- Price: $490,000
- Type: Loft-style 1-bedroom
- Size: 400 sq ft
- Building: XII Stoneholm (built 1976)
- Status: Active, move-in ready
Key Features
Stylish front-facing loft condo offering flexible layout with open bedroom loft and two sleeping areas. The meticulously designed space maximizes every square foot for comfort. Features include oversized windows, refinished hardwood floors, high ceilings, excellent closet space, and fresh paint throughout.
Building Amenities
Full XII Stoneholm amenity package: gym, common roof deck with pool and panoramic city views, 24-hour security, elevators, bike storage, and laundry facilities.
Move-In Ready
Recent refinishing and fresh paint mean no immediate renovation costs. The contemporary feel appeals to modern buyers wanting city living without compromise.
Ideal For: Buyers wanting move-in condition, those prioritizing building amenities, young professionals, couples comfortable with efficient space
Comparing Fenway Condos Under $500K
| Property | Price | Beds | Sq Ft | Key Advantage |
| 64 Queensberry #114 | $425,000 | Studio | 390 | Leased ($2,200/mo), utilities included |
| 12 Stoneholm #516 | $475,000 | 1-Bed | 400 | Loft layout, rooftop pool |
| 12 Stoneholm #307 | $480,000 | 1-Bed | 405 | New kitchen (2026), bonus loft |
| 390 Riverway #24 | $485,000 | 1-Bed | 555 | Most space, top floor, skylights |
| 12 Stoneholm #406 | $490,000 | 1-Bed | 400 | Move-in ready, refinished floors |
Affordable Condos in Fenway: What to Expect
Space Considerations
Units under $500K typically range from 390 to 555 square feet. The Riverway property offers the most space (555 sq ft), while Queensberry and XII Stoneholm units run 390-405 sq ft. This space works for singles, couples, or investors—but growing families will find it constraining.
Building Age and Condition
The Riverway property (1900) offers historic charm with updates. XII Stoneholm units (1976-2006) provide modern amenities. Queensberry Court (1910) delivers character with courtyard garden views. Each building type appeals to different buyer preferences.
Investment Potential
All five properties support rental strategies. XII Stoneholm units command higher rents ($2,600-$2,800) due to building amenities. Queensberry already leased at $2,200 provides immediate income. Riverway’s green space location appeals to specific tenant demographics.
Market Context and Timing
The Fenway market saw prices decrease 9.79% year-over-year in 2025, creating current opportunities. Properties under $500K move quickly—well-priced units receive multiple offers within days.
Understanding broader Fenway real estate trends helps buyers time purchases strategically. While prices softened from 2023 peaks, Fenway’s fundamentals remain strong: transit access, employment proximity, and rental demand support long-term values.
For those still considering renting versus buying, reviewing current Fenway rental options provides useful comparison data on monthly costs and flexibility trade-offs.
Frequently Asked Questions
Can I really find quality condos under $500K in Fenway?
Yes, though inventory is limited. Current market includes five active listings between $425,000 and $490,000, offering studios and one-bedrooms with varying amenities. Quality exists at this price point, but buyers must adjust expectations on size (390-555 sq ft typical).
What’s the catch with these lower-priced units?
No significant catch—just smaller square footage and strategic trade-offs. Units under $500K prioritize location over space. Some occupy older buildings (pre-2000), though many have been updated. The value proposition works for buyers prioritizing Fenway access over maximum square footage.
Are these good investment properties?
Yes, particularly units with strong amenities or utilities included. Gross rental yields of 5-6% are achievable, strong for Boston. The Queensberry unit already leased at $2,200/month demonstrates proven rental demand. Location near universities and hospitals creates consistent tenant pools.
How competitive is the sub-$500K market?
Very competitive. Properties in this range receive multiple offers, often selling within 2-3 weeks of listing. Buyers need pre-approval and decisiveness. Being flexible on closing dates or including escalation clauses helps win competitive situations.
Should I wait for prices to drop further?
Timing markets is difficult. Fenway’s year-over-year price decrease (9.79%) already represents significant adjustment from 2023 peaks. Strong fundamentals—transit access, employment proximity, rental demand—support current values. Buyers with solid income and down payment should focus on finding the right unit rather than timing the market perfectly.
Take Action on Your Fenway Condo Search
Five Fenway condos under $500K currently available represent genuine opportunities in Boston’s competitive market. Each property offers distinct advantages—from immediate rental income to rooftop pools to surrounding green space.
The key is matching property characteristics to your priorities: investment return, living space, building amenities, or location advantages. Visit properties in person, review HOA financials carefully, and move decisively when you find the right fit.
Ready to explore these Fenway condos for sale or discuss financing options? Connect with our team for property tours, market insights, and guidance on making competitive offers in Fenway’s active sub-$500K market.
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