$3,250,000
$100K PRICE DROP

Estimated payment $19,042/month

Total Views 4,981
16 Beds
4 Baths
5,000 Sq Ft
$650 Price per Sq Ft

Highlights

  • Marina
  • 2-minute walk to Central Square Station
  • Tennis Courts
  • Medical Services
  • Property is near public transit
  • 3-minute walk to Carl F. Barron Plaza

About This Home

Incredible opportunity to own a prime 4 unit investment property located in the heart of Central Square! Composed of four spacious 4 bedrooms layouts, with approximately 5,000 sf of livable space. Professionally managed rental property that currently boasts an impressive $223,800 rent roll projected to appreciate to $239,400 for the 2025-2026 leasing cycle. Each unit has 4 spacious bedrooms, high ceilings, central AC and a flexible floor plan with so much untapped potential to create even more long term value. Additional amenities include a recently renovated courtyard with private entry access, an on site coin op laundry room and ample storage space in the basement. Prospective investors will be able to capitalize on convenient proximity to Central Sq, Inman, E Cambridge, MIT, the Red Line T, downtown Boston, and some of the most vibrant restaurants in the city. All 4 units have been converted into condos providing flexibility and lucrative long term potential for savvy investors!

Listing Agent

David Dobrowolski

Block Realty Listed on: 04/23/2025

Co-Listing Agent

Alyssa Melignano

Block Realty

Co-Listing Agent

Scott Cordner

Block Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,415

Year Built

  • Built in 1920

Lot Details

  • 4,420 Sq Ft Lot

Interior Spaces

  • 5,000 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 4 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 4 Cooling Zones
  • 4 Heating Zones

Listing and Financial Details

  • Assessor Parcel Number M:00093 L:00086,4826624

Community Details

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • 4 Units
  • Net Operating Income $239,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,415

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1920
  • Levels: 4
  • Year Built Details: Approximate
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 4

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 16
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Above Grade Finished Sq Ft: 5000
  • Living Area: 5000
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN7557
  • LIST PRICE PER Sq Ft: 650
  • PRICE PER Sq Ft: 650

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Other

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • HEAT ZONES: 4
  • COOLING ZONES: 4
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Marina, Private School, Public School, T-Station, University, Other
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:00093 L:00086,4826624
  • Zoning: BB-CSQ
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4420
  • Lot Size Units: Acres
  • PAGE: 0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 16415
  • Tax Book Number: 0

Multi Family

  • Gross Income: 239400
  • Net Operating Income: 239400
  • Number Of Units Total: 4
  • Total Actual Rent: 19950
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 4
  • FLRS 3: 3
  • FLRS 2: 2

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $0 $0 $0
2024 -- $0 $0 $0
2023 $0 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 Price Changed $3,250,000 -3.0% $650 / Sq Ft
04/23/2025 04/23/25 For Sale $3,350,000 -- $670 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,250,000 No Value Available
Previous Owner $125,000 No Value Available
Source: Public Records

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73363896

MLS Property Information Network (MLS PIN)

APN: CAMB M:00093 L:00086