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INVESTMENT SNAPSHOT
About this property
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
| Units | 6 |
| Living area | 4,241 sqft |
| Lot size | 900 sqft |
| Year built | 1899 |
| Price / sqft | $778 |
| County | Suffolk |
| MLS # | 73547124 |
Listing status
| Days on market | 25 days |
| Listed on | July 9, 2026 |
Taxes & financials
| Annual property tax | $9 |
| Tax year | 2026 |
| Assessed value | $9 |
| Zoning | 9 |
| Gross income (actual) | $207,000/yr |
| Net operating income (actual) | $153,509/yr |
| Total actual rent | $17,250/mo |
Building & lot
| Stories | 6 |
| Total rooms | 18 |
| Lot size | 0.02 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Parking | On Street |
| Basement | Full, Finished, Walk-Out Access, Interior Entry |
| Foundation | Other |
| Roof | Other |
| Construction | Brick |
| Flooring | Wood, Tile, Varies |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 2 Derne Street, Boston MA 02114 have?
It is a 6-unit multi-family property with 4,241 sqft of living area, built in 1899.
How long has 2 Derne Street, Boston MA 02114 been on the market?
2 Derne Street, Boston MA 02114 has been listed for 25 days (since July 9, 2026).
What is the price per unit?
At a list price of $3,299,000 across 6 units, that works out to roughly $549,833 per unit.
What are the property taxes on 2 Derne Street, Boston MA 02114?
Annual property taxes are $9 (2026), on an assessed value of $9.
What is the price per square foot?
At $3,299,000 for 4,241 sqft, that's about $778 per square foot.
Where is this property located?
2 Derne Street, Boston MA 02114 is in Boston, Suffolk County, MA 02114.
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