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
North Slope, located between Prospect Hill Park and Union Square, is a residential and hillside Boston neighborhood with triple-decker streetscapes and skyline-facing overlooks. The neighborhood’s character concentrates around the bustle of Union Square at Somerville Avenue and Washington Street, where indie cafes, small restaurants, and corner markets keep the sidewalks active. Bow Market and The Somerville Theatre act as cultural anchors, pairing local makers with live shows and repertory film. Side streets climb in tight grids, mixing porches, bay windows, and pocket gardens. Prospect Hill Park’s paths and the Revolutionary War tower add a quiet, elevated counterpoint. The Green Line’s Union Square station ties daily routines to the wider city.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Storm windows
Decorative lighting
Bathrooms
6 full bathrooms
Flooring
Wood flooring
Tile flooring
Varies by unit
Exterior features
Deck
City views
Corner lot
Paved public roads and public road maintenance
Home design
5–9 family multiunit building
6 total stories
Views facing the city
Parking
On-street parking
Open parking available
Construction
Brick construction
Other roof type
Built according to public records
Utilities
Public water
Public sewer
Electric: other (see remarks)
HOA & community
No senior community
Community amenities nearby including public transportation, T-station, shopping, parks, walk/jog trails, medical facility, laundromat, bike path, highway access, house of worship, marina, private school, university, sidewalks
Other
Total building area approximately 4,241
Corner address: 2 Derne St, Boston MA 02114
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Permits
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Condo/Co-op
County
Suffolk County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on May 8, 2026.
Jul 6, 2025 • Final
Short form bldg
Perform interior and exterior work on a residential building.
Remodel
Oct 12, 2013 • Final
Short form bldg
Perform interior renovations on a building.
Electrical
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
Flood Factor
We're working on getting current and accurate flood risk information for this home.
Fire Factor
We're working on getting current and accurate fire risk information for this home.
6/10 Heat Factor
7 hot days expected this year, 15 days in 30 years
Wind Factor
We're working on getting current and accurate wind risk information for this home.
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Boston, MA • 02114
Average low and high temperatures (°F)
34
23
36
24
50
35
58
43
68
54
79
65
83
69
78
64
73
61
63
51
53
41
40
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
39/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
3.6 hrs
2.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2 Derne St
There isn’t enough information to generate an accurate estimate at this time. Learn More