14-16 Derne Street Boston — Photo 1 of 11
$4,295,000
Investment Analysis — 14-16 Derne Street
Boston, MA 02114 — Beacon Hill
Based on rent reported on the MLS listing, a 4-unit multi-family in 02114 carries $23,400/mo in gross rent — about a 4.41% cap rate and $189,481/yr in estimated NOI at the $4,295,000 list price. Adjust every assumption in the calculator below.
Beds
8
Baths
4
SqFt
4,888
Style
5-9 Family
Built
1899
14-16 Derne Street is a generational property sitting in a AAA location across the Street from the Statehouse in Beacon Hill. This truly rare offering is 100% leased. Located in the Heart of Boston in one of the most iconic neighborhoods, this five (5) unit mixed-use brick corner building is leased to Florina Pizzeria and has four furnished two bedroom/one bathroom residential units above. Each renovated unit has Central AC, in-unit laundry, and a dishwasher. Arguably one of the best walkable locations in the city which provides easy access to Charles Street, Back Bay, North End, Suffolk University, Government Center, Haymarket, Charles River Esplanade and Massachusetts General Hospital (MGH).
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: Evan Griffith
Listing Office: Marcus & Millichap Real Estate Investment Services
MLS® Number: 73580147
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