NOT LISTED FOR SALE
17 Beds
8 Baths
7,140 Sq Ft
3,920 Sq Ft Lot

Last Sold July 30, 2024

Last sale price $4,100,000 $574 Per Sq Ft

15 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Park
  • 0.09 Acre Lot
  • Jogging Path
  • 1-minute walk to Ahern Field

About This Home

As of July 2024

235 Charles Street is a three-story multi-family building that contains a total of six units, comprised of one 3.5-Bedroom/2-Bathroom unit, four 3-Bedroom/1-Bathroom units, and one 2-Bedroom/2-Bathroom unit. The majority of the units feature kitchens with granite or quartz countertops and stainless-steel appliances, including gas stoves and dishwashers, and hardwood floors throughout. There are laundry facilities located in the basements on both sides of the property for the tenants. Each of the units is separately metered for gas heat, hot water and electric. 235 Charles Street offers the opportunity to acquire a fully leased investment Property in an exceptional, urban-infill location. The highly walkable location is a short walk from Kendall Square, Inman Square, the Green Line at the Union Square Station, MIT, MGH, the Charles River Esplanade, and Downtown Boston. The subject property is ideal for a potential buyer looking for income growth and strong investment returns.

Last Agent to Sell the Property

Dennis Kelleher

Horvath & Tremblay Listed on: 06/18/2024

Last Buyer's Agent

Barbara Baker

Coldwell Banker Realty - Cambridge

Coldwell Banker Realty - Cambridge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,707

Year Built

  • Built in 1920

Lot Details

  • 3,920

Home Design

  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 7,140 Sq Ft Home
  • Property has 1 Level
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 8 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • 3,920 Sq Ft Lot
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $23,305
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 400722

Community Details

Overview

  • 6 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Operating Expense $52,861
  • Net Operating Income $228,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,707

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1920
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Appliances: Washer, Dryer
  • Total Bedrooms: 17
  • Full Bathrooms: 8
  • Total Bathrooms: 8
  • Total Bathrooms: 8
  • Basement: Partially Finished
  • Living Area: 7140
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN2723
  • LIST PRICE PER Sq Ft: 574.23
  • PRICE PER Sq Ft: 574.23
  • MAIN SO: AN6181

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • 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
  • Electric: Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 400722
  • Zoning: C-1
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3920
  • Lot Size Units: Acres
  • PAGE: 127
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 19707
  • Tax Book Number: 56189

Multi Family

  • Gross Income: 281721
  • Net Operating Income: 228860
  • Number Of Units Total: 6
  • Operating Expense: 52861
  • Total Actual Rent: 23305
  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEVELS 2: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 1

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
07/30/2024 07/30/24 Sold $4,100,000 0.0% $574 / Sq Ft
07/04/2024 07/04/24 Pending -- -- --
06/18/2024 06/18/24 For Sale $4,100,000 -- $574 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73253819

MLS Property Information Network (MLS PIN)