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249 Commonwealth Ave, Boston MA 02116

Boston, MA 02116 • Back Bay
$10,750,000
$10,350,000
Est. $55,370/month
9,140
Sq Ft
$1,132
Price/Sq Ft
0.08
Acres
1900
Year Built
6
Parking
122
Days on Market
Active Price Drop -$400,000 Listed Mar 19, 2026 • MLS# 73489290 Copied! • Updated May 30, 2026

About this home

249 Commonwealth Avenue represents a rare opportunity to acquire a classic Back Bay brownstone overlooking the iconic Commonwealth Avenue Mall on the sunny side. Situated on one of Boston’s most prestigious residential boulevards. The property’s location between Fairfield Street and Gloucester Street places it at the center of Back Bay’s most desirable residential corridor—just steps from Newbury Street, the Charles River Esplanade, Copley Square, and the Prudential Center. the property benefits from extraordinary walkability to shops/dining/transportation and architectural character. This historic property offers investors or developers the opportunity to own a trophy asset within one of the most supply-constrained residential markets in the United States. With continued demand from professionals, students, and pied-à-terre buyers, the building provides both stable income potential and long-term capital appreciation.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
3.7%
Price Range

Property Timeline

Price Reduced
May 26, 2026
$10,350,000 $400,000 (-3.72%)
From $10,750,000 to $10,350,000 (-3.7%)
🏠
Listed for Sale
Mar 19, 2026
$10,750,000
Original listing
Agent: Michael Carucci Office: Serhant

Tax History

Year Taxes Assessment
2026 $34,023 $2,717,600

Financial Details

Annual Property Tax
$34,023
Tax Year 2026
Assessed Value
$2,717,600

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1900
Living Area 9,140 sq ft
Lot Size 0.08 acres

Investment Metrics

Units 11
Unit 1 Rent $2,500/mo · Y
Unit 2 Rent $2,250/mo · Y
Total Monthly Rent $4,750/mo
Gross Income $57,000
Net Operating Income $57,000
Cap Rate 0.55%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Total Spaces 6
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $34,023
Assessed Value $2,717,600
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Noted Above: Building Description & Unit Description To Be Completed/not Available At This Time.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Sq Ft Disclosures 11 Units in Building w/6 Deeded Parking Spaces (tandem) in rear of building.
Documents None
County Suffolk
Total market time (incl. prior listings) 72 days

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1900
Living Area
9,140 sq ft
Stories
5
Levels
5

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof:
Foundation: Other
Stories: 5

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 6
Parking Features:

Special Features

View: Yes
View Type: City View(s)
Community Amenities:

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $2,835
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

Back Bay

249 Commonwealth Ave, Boston MA 02116

Boston, MA 02116

Listing Information

Listing Agent Michael Carucci
Listing Office Serhant
Office Phone 617-250-0559
Agent MLS ID BB900822
Office MLS ID AN9455
Listing Data Updated May 30, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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249 Commonwealth Ave, Boston MA 02116 - Photo 1 249 Commonwealth Ave, Boston MA 02116 - Photo 2 249 Commonwealth Ave, Boston MA 02116 - Photo 3 249 Commonwealth Ave, Boston MA 02116 - Photo 4 249 Commonwealth Ave, Boston MA 02116 - Photo 5 249 Commonwealth Ave, Boston MA 02116 - Photo 6 249 Commonwealth Ave, Boston MA 02116 - Photo 7 249 Commonwealth Ave, Boston MA 02116 - Photo 8
Steven Novak

Steven Novak

BMN Boston Real Estate

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