NOT LISTED FOR SALE

Estimated Value: $1,822,003

4 Beds
2.5 Baths
3,126 Sq Ft
$583/Sq Ft Est. Value

Sale Details

Date Sold: August 17, 2022

Last sale price $1,800,000 $576 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $11,856 / mo

139 Days on Market

Highlights

  • Property is near public transit and schools
  • Wood Flooring
  • Porch
  • Cambridgeport Rated A-
  • Jogging Path
  • Shops

About This Home

As of August 2022

Priced to sell! Rare opportunity to own a fully leased, mixed-use property right in the heart of Inman Sq. Just 1.1 miles west of Lechmere .7 miles north of Central Sq., and .5 miles south of the new Union Sq. T stop, this 3-unit offering is favorably situated amidst the bustling shops/eateries that comprise Cambridge St. The first-floor business is owned and independently operated by Momi Nonmi, a successful and efficiently functioning takeout destination with a full liquor license. NNN lease is in place for the commercial space which runs up until 2029 with an escalating annual rent (unit currently yields $4,244/month but increases to $5,219/month by term end). Commercial tenant pays for half the water/sewer bill each quarter, as well as the commercial portion of the property taxes. Unit #2 brings in $2,200 per month and unit #3 yields $2,500 per month. Total annual rent for the building amounts to $107,328 with very little overhead.

Last Agent to Sell the Property

Joe Danisch

Coelho Realty Group LLC Listed on: 03/07/2022

Last Buyer's Agent

Joe Danisch

Coelho Realty Group LLC Listed on: 03/07/2022

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,655

Year Built

  • Built in 1862

Lot Details

  • 1,154 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Rubber Roof
  • Stone

Interior Spaces

  • 3,126 Sq Ft Home
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • On-Street Parking
  • Open Parking

Additional Features

  • Porch
  • Property is near public transit and schools
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $8,944
  • Assessor Parcel Number 403081

Community Details

Overview

  • 3 Units
  • Property has 2 Levels

Recreation

  • Jogging Path
  • Bike Trail

Additional Features

  • Shops
  • Net Operating Income $107,328

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,655

Year Built

Built in 1862

Lot Details

1,154 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1862
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 6

Interior Features

  • Flooring: Wood
  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Full, Finished
  • Living Area: 3126
  • Stories Total: 6
  • MAIN LO: AN4865
  • MAIN SO: AN4865

Exterior Features

  • Construction Materials: Stone
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University

Lot Info

  • Parcel Number: 403081
  • Zoning: BA
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.03
  • Lot Size Sq Ft: 1154
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5655.2

Multi Family

  • Net Operating Income: 107328
  • Number Of Units Total: 3
  • Total Actual Rent: 8944
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/17/2022 08/17/22 Sold $1,800,000 -2.7% $576 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
06/14/2022 06/14/22 Price Changed $1,849,995 -7.3% $592 / Sq Ft
05/27/2022 05/27/22 For Sale $1,995,000 0.0% $638 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $1,995,000 -- $638 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72949727

MLS Property Information Network (MLS PIN)

APN: CAMB-000085-000000-000027

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