2 Derne Street, Boston MA 02114
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$3,299,000

2 Derne Street, Boston MA 02114
Boston, MA 02114
Listed by Daniel Alper
Bedrooms
5
Bathrooms
6
Living area
4,241 sqft
Year built
1899

About this home

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

Highlights

ViewFireplace

Property details

MLS #
73547124
Property type
5-9 Family
Subdivision
N/A
Status
Active
Days on market
43
On market date
July 9, 2026
Stories
6
Garage spaces
N/A
Lot size
0.02 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Eliot Elementary
0.67 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
796
Student:teacher ratio
14.5:1
District
Boston
Middle
Cambridge Street Upper School
1.69 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
279
Student:teacher ratio
7.5:1
District
Cambridge
High
Boston Adult Academy
0.8 mi away · Grades 11-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
120
Student:teacher ratio
6.7:1
District
Boston

Mortgage calculator

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Est. monthly payment
$20,017/mo
$659,800 down
$2,639,200 loan
Principal & interest$17,118
Property tax (est.)$2,749
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 18 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.