$1,600,000
5
Beds
3
Baths
2,922
Living Area
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Property Description
Very rare to the market mixed-use property in a prime Cambridge location, just minutes from Kendall Square, MIT, Cambridge Hospital, Inman Square, and Lechmere Station. This solid 3-story brick building features two residential units above a street-level commercial space currently operating as a restaurant. All three units are Tenant-at-Will and well below market rent, offering exceptional flexibility for repositioning for rent increases. The total market rent should be well over $12k monthly. The residential units are ideally situated to benefit from Cambridge’s consistently high rental demand and low vacancy rates, while the commercial space provides significant income opportunity in a high-visibility location. A compelling investment for buyers seeking steady cash flow with long-term upside in one of the area’s most sought-after neighborhoods. Showings by appointment only. Please do not disturb the restaurant tenant. Also listed under Commercial MLS #73367367.
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Highlights
- Has View: Yes
- Property Class: Residential Income
- Stories: 3
- Year Built: 1900
- Levels: 3
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 10
- Status: Closed
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Additional Details
- Basement: Interior Entry
- Flooring: Wood
- Road Frontage Type: Public
- SqFt Source: Public Record
- View: City View(s)
- Year Built Source: Public Records
- Construction: Brick
- Foundation: Concrete Perimeter
- Roof: Rubber
- Total Number of Units: 3
- Year Built Details: Actual
- Zoning: Ba
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Amenities
- Community Features: Public Transportation, Medical Facility, Highway Access, T-Station
- Parking Features: On Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,199,200
- Taxes: $11,548
- Tax Year: 2024
- Total Rent: $8,600
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Listing information provided courtesy of Keller Williams Realty Boston Northwest.
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