2 Derne Street, Boston, MA

$3,299,000

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5

Beds

6

Baths

4,241

Square feet

0.02

Acres

About 2 Derne Street

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

Features of 2 Derne Street

MLS® # 73547124
Price $3,299,000
Units 6
Bedrooms 5
Bathrooms 6.00
Full Baths 6
Square Footage 4,241
Acres 0.02
Year Built 1899
Type Residential Income
Sub-Type 5-9 Family
Status Active

Community Information

Address 2 Derne Street
Area Beacon Hill
City Boston
County Suffolk
State MA
Zip Code 02114

Amenities

Parking On Street
Is Waterfront No
Has Pool No

Interior

Fireplace Yes
# of Stories 6
Stories 6

Exterior

Windows Storm Window(s)

Additional Information

Zoning 9
Gross Income $207,000
Net Operating Income $153,509
Total Actual Rent $17,250

Listing Details

Office Boston Realty Advisors

Listing Map

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