Active
88 Days on market
2 Derne Street Boston — Photo 1 of 26

2 Derne Street Boston — Photo 1 of 26

$3,299,000

2 Derne Street, Boston, MA 02114

Boston, MA 02114 — Beacon Hill

Beds

5

Baths

6

SqFt

4,241

Style

5-9 Family

Built

1899

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

Key facts

It was listed on July 9, 2026. It sits on a 0.02-acre (900 sq ft) lot.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$778/sqft
Local Avg (Boston)$497/sqft
57% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Boston, MA.

Property Details

Financials

Original Price$3,299,000
Annual Taxes$9

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms18
Fireplaces3
FlooringWood, Tile, Varies
BasementFull, Finished, Walk-Out Access, Interior Entry

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofOther
FoundationOther
Zoning9

Property & Lot

Acres0.02
SqFt Lot900
Lot FeaturesCorner Lot

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Questions about this home

When was 2 Derne Street, Boston listed?

2 Derne Street, Boston was listed on July 9, 2026.

Has the price of 2 Derne Street, Boston changed?

The price hasn't changed since it was listed at $3,299,000.

How big is the lot at 2 Derne Street, Boston?

2 Derne Street, Boston sits on a 0.02-acre (900 sq ft) lot.

What is the status of 2 Derne Street, Boston?

2 Derne Street, Boston is actively listed for sale.

Population

14,418

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$132K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

77.9%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Suffolk County

2,337 housing units permitted in the last 12 months (+13% vs the prior 12 months) — 2,062 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Daniel Alper

Listing Office: Boston Realty Advisors

MLS® Number: 73547124