Seller's Agent in 2022
John Pentore
Horvath & Tremblay
(781) 484-8166
361 Washington St Cambridge, MA 02139
The Port Neighborhood
18
Beds
6
Baths
6,378
Sq Ft
5,129
Sq Ft Lot
Highlights
- 0.12 Acre Lot
- Laundry Room
- 1-minute walk to Clement G. Morgan Park
About This Home
As of October 2022The Property located at 361 Washington Street is a turn-key six-unit multi-family investment property located in Central Square in Cambridge. The three-story building contains six (6) 3-Bedroom/1-Bathroom residential units with 6,378 square feet of living area in 9,220 square feet of gross area on a 0.12-acre parcel. The property is situated in an excellent urban-infill location, only steps to Central Square Station (Red Line). All units have been leased for the 22-23 rental cycle (5 of 6 units expire 8/31/23). The Property has great curb appeal with a well-maintained exterior and grounds and offers on-site laundry, tandem parking, separate heat/hot water and electric for all units as well as covered porches in the buildings rear and hardwood floors throughout. With over $265,000 of Gross Income and a 5.33% CAP RATE, 361 Washington offers investors to acquire a turn-key 6-unit in one of the strongest real estate markets in the country with the opportunity to increase revenue.
Last Agent to Sell the Property
John Pentore
Horvath & Tremblay Listed on: 07/20/2022
Co-Listed By
Dennis Kelleher
Horvath & Tremblay
Last Buyer's Agent
John Pentore
Horvath & Tremblay Listed on: 07/20/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,174
Year Built
- Built in 1900
Lot Details
- 5,129
Home Design
- Block Foundation
- Frame Construction
Interior Spaces
- 6,378 Sq Ft Home
- Basement Fills Entire Space Under The House
- Laundry Room
Bedrooms and Bathrooms
- 18 Bedrooms
- 6 Full Bathrooms
Parking
- 2 Car Parking Spaces
- Driveway
- Open Parking
Additional Features
- 5,129 Sq Ft Lot
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $21,650
- Assessor Parcel Number M:00089 L:00082,403489
Community Details
Overview
- 6 Units
- Property has 1 Level
Building Details
- Operating Expense $41,223
- Net Operating Income $223,902
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/24/2022 10/24/22 | Sold | $3,900,000 | -7.1% | $611 / Sq Ft |
| 08/11/2022 08/11/22 | Pending | -- | -- | -- |
| 07/20/2022 07/20/22 | For Sale | $4,200,000 | -2.3% | $659 / Sq Ft |
| 05/22/2018 05/22/18 | Sold | $4,300,000 | +0.2% | $674 / Sq Ft |
| 02/13/2018 02/13/18 | Pending | -- | -- | -- |
| 02/05/2018 02/05/18 | For Sale | $4,290,000 | -- | $673 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2022
Dennis Kelleher
Horvath & Tremblay
(781) 776-4002
-
Rich Dolabany
Seller's Agent in 2018
Rich Dolabany
Boston Heritage Realty, LLC
(617) 538-2650
30 Total Sales
-
Max Dublin
Buyer's Agent in 2018
Max Dublin
Gibson Sothebys International Realty
(617) 230-7615
2 in this area
163 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73014689
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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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