For Sale
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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
Disclosures: Recent Capital Improvements: Upgraded Fire Escapes (2025), New Roof (2018), New Boiler (2018), New Chimney Liner (2018), Repointing (2018), Masonry Window Lentils (2018), New Storm Windows, and more. Disclosures: Gross Income and NOI presented are proforma figures.
Directions: Parking available on Cambridge Street and Bowdoin Street
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