23 Inman St Cambridge, MA 02139
Mid-Cambridge NeighborhoodEstimated payment $20,917/month
Highlights
- Colonial Architecture
- 4-minute walk to Central Square Station
- Property is near public transit and schools
- Martin Luther King, Jr. School Rated A
- Deck
- 4-minute walk to Wilder Play Area
About This Home
Rare opportunity to acquire a fully occupied, income-producing multifamily asset in the heart of Inman Square. This turnkey investment property is being sold with tenants in place and currently generates approximately $254,280 in annual gross rental income. Located in one of Cambridge's most desirable and supply-constrained neighborhoods, the property offers stable cash flow, strong occupancy history, and significant long-term appreciation potential. Residents enjoy easy access to Harvard University, MIT, Kendall Square, Central Square, public transportation, dining, shopping, and major employment centers. An ideal opportunity for investors seeking immediate income and future growth in one of the strongest rental markets in the Greater Boston area. Property sold subject to existing leases. Seller has completed the conversion of the property into eight condominium units, providing additional long-term flexibility for future ownership or disposition strategies.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,035
Year Built
- Built in 1900
Lot Details
- 5,000 Sq Ft Lot
- Fenced
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Brick Foundation
- Stone Foundation
- Asphalt Roof
- Stone
Interior Spaces
- Insulated Windows
- Insulated Doors
- Family Room
- Living Room
- Storage
- Washer and Electric Dryer Hookup
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Range
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Shared Driveway
- Paved Parking
- 4 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Bulkhead
- Deck
- Rain Gutters
- Porch
Location
- Property is near public transit and schools
Schools
- Cambridge Public Schools Elementary And Middle School
- Rindge & Latin High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
Listing and Financial Details
- Rent includes unit 1(heat gas water hot water), unit 2(heat gas water hot water), unit 3(heat gas water hot water), unit 4(heat gas water hot water)
- Tax Lot 00060
Community Details
Overview
- 8 Units
- Inman Square Subdivision
- Property has 1 Level
Amenities
- Shops
Recreation
- Park
- Bike Trail
Building Details
- Electric Expense $5,556
- Water Sewer Expense $2,746
- Operating Expense $18,885
- Net Operating Income $235,395
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 08/21/2026 08/21/26 | Pending | -- | -- | -- |
| 06/09/2026 06/09/26 | For Sale | $3,490,000 | 0.0% | $657 / Sq Ft |
| 10/08/2024 10/08/24 | Off Market | $2,600 | -- | -- |
| 08/23/2024 08/23/24 | For Rent | $2,600 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73532928
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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Ask me questions while you tour the home.