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INVESTMENT SNAPSHOT
About this property
249 Commonwealth Avenue represents a rare opportunity to acquire a classic Back Bay brownstone overlooking the iconic Commonwealth Avenue Mall on the sunny side. Situated on one of Boston’s most prestigious residential boulevards. The property’s location between Fairfield Street and Gloucester Street places it at the center of Back Bay’s most desirable residential corridor—just steps from Newbury Street, the Charles River Esplanade, Copley Square, and the Prudential Center. the property benefits from extraordinary walkability to shops/dining/transportation and architectural character. This historic property offers investors or developers the opportunity to own a trophy asset within one of the most supply-constrained residential markets in the United States. With continued demand from professionals, students, and pied-à-terre buyers, the building provides both stable income potential and long-term capital appreciation.
Property details
| Units | 11 |
| Living area | 9,140 sqft |
| Lot size | 3,486 sqft |
| Year built | 1900 |
| Price / sqft | $1,132 |
| County | Suffolk |
| MLS # | 73489290 |
Listing status
| Days on market | 72 days |
| Listed on | March 19, 2026 |
Taxes & financials
| Annual property tax | $34,023 |
| Tax year | 2026 |
| Assessed value | $2,717,600 |
| Zoning | A |
| Gross income (actual) | $57,000/yr |
| Net operating income (actual) | $57,000/yr |
| Total actual rent | $30,750/mo |
Building & lot
| Stories | 5 |
| Total rooms | 0 |
| Lot size | 0.08 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Foundation | Other |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of Serhant — Michael Carucci. 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 249 Commonwealth Ave, Boston MA 02116 have?
It is a 11-unit multi-family property with 9,140 sqft of living area, built in 1900.
How long has 249 Commonwealth Ave, Boston MA 02116 been on the market?
249 Commonwealth Ave, Boston MA 02116 has been listed for 72 days (since March 19, 2026).
What is the estimated cap rate on this 11-family in Boston?
Based on area median rents, the estimated cap rate is about 2.7%, with a Signal Score of 56/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $10,350,000 across 11 units, that works out to roughly $940,909 per unit.
What are the property taxes on 249 Commonwealth Ave, Boston MA 02116?
Annual property taxes are $34,023 (2026), on an assessed value of $2,717,600.
What is the price per square foot?
At $10,350,000 for 9,140 sqft, that's about $1,132 per square foot.
Is there parking?
6 total parking spaces.
Where is this property located?
249 Commonwealth Ave, Boston MA 02116 is in Boston, Suffolk County, MA 02116.
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