2 Derne Street, Boston, MA 02114
Suffolk County
Key Facts
Description
2 Derne Street is a rare six-unit brick multifamily investment opportunity in a trophy Beacon Hill location directly across from the Massachusetts State House. The property consists of five well-renovated one-bedroom residential apartments, all fully occupied on annual leases providing stabilized in-place income, along with one ground-floor commercial unit (identified as 45-B Bowdoin Street) offered vacant for maximum flexibility to lease, reposition, or owner-occupy. Units throughout present very well, with select spaces still offering value-add upside for further rent growth. Ideally situated just steps from Boston Common, Charles Street's shops and restaurants, MGH, Downtown Boston, and the Financial District, with immediate access to MBTA Red and Green Line service, 2 Derne Street offers investors a rare combination of classic Beacon Hill architecture, dependable cash flow, and long-term upside in one of Boston's most enduringly desirable neighborhoods
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1899
Stories
6
Living Area
4,241 sq ft
Lot Size
0.02 acres
Zoning
9
Days on Market
7
MLS® Listing#
73547124
Property Features
Exterior
Flooring
Basement
Parking
Patio
Lot Features
Construction
Foundation
Roof
Windows
Community
Sewer
Water Source
Financial Details
Annual Taxes
$9
Tax year 2026
Assessed Value
$9
Directions
Parking available on Cambridge Street and Bowdoin Street
Affordability Calculator
$659,800
Estimated monthly payment
$17,559/mo
Principal $2,639,200 · Est. interest $3,681,919 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Boston, MA
- $964,865
- Median Listing Price
- 52
- Median Days on Market
- 1,285
- Median Sq Ft
- $829
- Median Price / Sq Ft
- 1,955
- Active Listings
- This home’s price is 242% above the area median.
- Its price per sq ft is 6% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Boston, MA.
Location
Points of Interest in Boston, MA
Showing the Boston area map.
Nearby Schools
Abiel Smith School
School · 0.1 mi away
Beacon Hill Nursery School
Elementary · 0.1 mi away
Panorama Education
School · 0.2 mi away
Torit Montessori School
Elementary · 0.3 mi away
William J Ostiguy High School
Secondary · 0.3 mi away
Grover Cleveland School
Elementary · 0.4 mi away
Boston Children's School
Elementary · 0.5 mi away
The Advent School
Elementary · 0.5 mi away
Park Street School
Elementary · 0.5 mi away
Elma Lewis Center at Emerson College
School · 0.5 mi away
Eliot Intermediate School
School · 0.6 mi away
Champions at Eliot Intermediate School
School · 0.6 mi away
St John School
Secondary · 0.6 mi away
Eliot K-8 Innovation Upper School
School · 0.6 mi away
Eliot K-8 Innovation School
Elementary · 0.7 mi away
Boston Renaissance Charter School
School · 0.7 mi away
John Winthrop School
Elementary · 0.7 mi away
Quincy Elementary School
Elementary · 0.8 mi away
Quincy Upper School
Secondary · 0.8 mi away
Learning Project Elementary School
Elementary · 0.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 10 Brewer St, Boston, MA | $2,350,000 | 4 | 4 | 4,435 |
| 4 Burke St, Boston, MA | $2,350,000 | 9 | 4 | 2,595 |
| 14 Atkins St, Boston, MA | $2,375,000 | 12 | 6 | 3,852 |
| 244 L Street 7, Boston, MA | $2,379,000 | 4 | 3 | 2,250 |
| 181 I Street, Boston, MA | $2,385,000 | 4 | 5 | 2,288 |
| 1676 Columbia Road 3, Boston, MA | $2,399,000 | 4 | 4 | 2,252 |
Moving Cost Estimate
EXIT Agents in Boston
Listing Courtesy: Boston Realty Advisors - 6173757900
Presented by: Daniel Alper