$6,250,000

Estimated payment $37,398/month

Total Views 825,216
20 Beds
16 Baths
8,160 Sq Ft
$766 Price per Sq Ft

Highlights

  • Medical Services
  • Property is near public transit
  • Corner Lot
  • Deck
  • Wood Flooring
  • 1-minute walk to Wheeler Park

About This Home

RARE OPPORTUNITY! INVESTOR’S DREAM! TURNKEY EIGHT-UNITS PROPERTY W. EXCELLENT LOCATION AND HIGH RENTAL INCOME! This 3 level GEM nestles at a corner lot between Hingham St and Putnam Ave, including four townhouse-style units facing Hingham St, and four studio units with access from Putnam Ave. Each townhouse unit offers 3 levels of comfort living, first level features open concept living, dining area, kitchen and a half bathroom. Second floor hosts two bedrooms, and a full bathroom w. laundry unit. Top level boasts two bedrooms, including a master ensuite. Each studio apartment w. separated entrance features full kitchen and bathroom. All units are under leasing cycles as August 31st, w. total monthly rental income $32,450. Steps away from Charles River, Harvard Business School, Harvard Main Campus, near MIT, walking distance to Red Line Central Station, and quick access to Storrow Dr. and I90. Don’t miss out on this Rare Opportunity! GROUP SHOWING only.

Listing Agent

Nathan Long

Coldwell Banker Realty - Cambridge

Coldwell Banker Realty - Cambridge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,960

Year Built

  • Built in 1920

Lot Details

  • 3,808 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Tile Roof
  • Stone

Interior Spaces

  • Skylights
  • Living Room
  • Dining Room
  • Partially Finished Basement
  • Partial Basement
  • Washer

Kitchen

  • Freezer
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 20 Bedrooms

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Rent includes unit 1(heat electric gas water hot water), unit 2(heat electric gas water hot water), unit 3(heat electric gas water hot water), unit 4(heat electric gas water hot water)
  • Assessor Parcel Number 408328

Community Details

Overview

  • 8 Units
  • Property has 3 Levels

Amenities

  • Medical Services
  • Shops

Recreation

  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $308,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,960

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1920
  • Levels: 13
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 13

Interior Features

  • Flooring: Tile, Vinyl, Hardwood
  • Interior Amenities: Stone/Granite/Solid Counters, Living Room, Dining Room, Kitchen
  • Fireplace YN: No
  • Appliances: Dishwasher, Freezer, Washer, Refrigerator
  • Total Bedrooms: 20
  • Full Bathrooms: 12
  • Half Bathrooms: 4
  • Total Bathrooms: 16
  • Total Bathrooms: 14
  • Laundry Features: Electric Dryer Hookup
  • Basement: Partial, Partially Finished
  • Above Grade Finished Sq Ft: 6152
  • Below Grade Sq Ft: 2008
  • Living Area: 8160
  • Spa YN: No
  • Stories Total: 13
  • Window Features: Skylight(s)
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 765.93
  • PRICE PER Sq Ft: 765.93

Exterior Features

  • Construction Materials: Frame, Stone
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Tile
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Electric Dryer
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Tank, Tankless

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, Private School, Public School, T-Station, University
  • Rent Includes: Unit 1(Heat,Electric,Gas,Water,Hot Water), Unit 2(Heat,Electric,Gas,Water,Hot Water), Unit 3(Heat,Electric,Gas,Water,Hot Water), Unit 4(Heat,Electric,Gas,Water,Hot Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 408328
  • Zoning: C-1
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3808
  • Lot Size Units: Acres
  • PAGE: 118
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 32960
  • Tax Book Number: 72408

Multi Family

  • Gross Income: 32450
  • Net Operating Income: 308400
  • Number Of Units Total: 8
  • Total Actual Rent: 23600
  • LEVELS 1: 3
  • Basement Included Sq Ft: Yes
  • LEVELS 4: 3
  • LEVELS 2: 3
  • LEVELS 3: 3
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 1
  • FLRS 2: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2025 03/19/25 For Sale $6,250,000 +70.6% $766 / Sq Ft
06/13/2014 06/13/14 Sold $3,663,000 +4.7% $449 / Sq Ft
05/14/2014 05/14/14 Pending -- -- --
04/25/2014 04/25/14 For Sale $3,499,000 -- $429 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

About the Listing Agent

Nathan Long

Coldwell Banker Realty - Cambridge

(508) 978-7715

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  • 39 Union St Unit 1, Boston, MA 02135

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73347172

MLS Property Information Network (MLS PIN)