45B Bowdoin St - Apartments FOR SALE


Boston, MA 02114- Beacon Hill
$3,299,000 USD
617-768-7333
45B Bowdoin St, Boston, MA for Sale
$3,299,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

45B Bowdoin St
Boston, MA 02114
Beacon Hill


HIGHLIGHTS

  • Trophy Beacon Hill Location
  • Brick Construction
  • Tenants on Annual Leases
  • Optionality with Commercial Space

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,299,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

6

PRICE/UNIT

$549,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Derne Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

849 SF

ZONING

A

APN/PARCEL ID

CBOS-000000-000003-000047

ASK ABOUT THIS PROPERTY

Daniel AlperBoston Realty AdvisorsMore Info
617-768-7333

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Daniel AlperBoston Realty AdvisorsMore Info
617-768-7333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.