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249 Commonwealth Ave, Boston, MA, 02116

--beds
0baths
9,140sqft
$9,995,000
$1,094price/sqft
$59,879/moest. monthly cost
$2,395,160/yrincome needed

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.

Getting Around

99
WalkingWalker's Paradise
95
TransitRider's Paradise
88
BikeVery Bikeable

Schools

3/10
Mel H King ElementaryGrades 2-120.7 mi
2/10
Snowden Int'L High SchoolGrades 9-120.3 mi
--
Carter SchoolGrades 7-120.7 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Other

Type & Style

  • Home type: MultiFamily
  • Property subType: 5-9 Family

Interior

Features

  • Finished area above ground: 9,140

Interior Area

  • Total structure area: 9,140
  • Total interior livable area: 9,140 sqft

Property

Details

  • Parcel number: W:05 P:03394 S:000,3350031
  • Zoning: A

Features

  • Has view: Yes
  • View description: City View(s)

Lot

  • Lot size: 3,486 sqft

Parking

  • Total spaces: 6
  • Uncovered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $50,540$606,480
Home Insurance *$1,790$21,480
Property Taxes $5,747$68,964
Electricity $1,802$21,628
Total$59,879$718,548
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,052,994/yr
40% on housing$1,796,370/yr
45% on housing$1,596,773/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.3%
7.3%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,094This listing

vs Other Active Listings

Avg $/sqft

ZIP 02116$1,190
Suffolk County$574

vs Homes Sold Last Month

Median $/sqft

ZIP 02116$1,479
Suffolk County$453

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-04Price change$3,300
2026-04-13Price change$2,500
2026-03-19Listed for sale$10,750,000
2026-03-13Listed for rent$3,000
2026-03-04Listing removed$2,900
2026-02-27Listed for rent$2,900

For Sale by Agent

AgentMichael Carucci
BrokerageSerhant

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