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$3,299,000
Total Beds: 5 Total Baths: 6
Total Units: 6 SQFT: 3750
LOT size: 0.02 Acres
2 Derne Street
Boston, MA 02114
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Property 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 Details

Building Information

  • Total Units: 6
  • Total Floors: 6
  • Total Bedrooms: 5
  • Total Full Baths: 6
  • Total Fireplaces: 3
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Private School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Finished, Full, Interior Access, Other (See Remarks), Walk Out
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: No
  • Expenses Source: Pro. Forma Available
  • Gross Operating Income: 207000
  • Net Operating Income: 153509

Utilities

  • Electric Info: Other (See Remarks)
  • Energy Features: Storm Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 4
  • Levels: 1

Construction

  • Year Built: 1899
  • Type: 5-9 Family
  • Construction Type: Brick
  • Foundation Info: Other (See Remarks)
  • Roof Material: Other (See Remarks)
  • Flooring Type: Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73547124
  • Last Updated: 07/09/26

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Map

Seller's Representative: Daniel Alper, Boston Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-07-09 10:30:00

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