NOT LISTED FOR SALE
30 Beds
22 Baths
12,580 Sq Ft
8,407 Sq Ft Lot

Last Sold June 30, 2023

Last sale price $7,200,000 $572 Per Sq Ft

61 Days on Market

About This Home

As of June 2023

81-91 Winter St is an excellent opportunity to acquire a fully leased investment property with significant upside in an exceptional, urban-infill location at a 5.41% Cap Rate on current income. The highly-walkable East-Cambridge location is a short walk from the Green Line at the New Lechmere Station (0.3 miles), Cambridge Crossing, Kendall Square, MIT, MGH and Downtown Boston. 81-91 Winter St consists of 3 adjacent multi-family buildings and 1 private parking lot with 4 spaces. The Property contains a total of thirteen units, comprised of one Studio unit, two 1-Bedroom/1-Bathroom units, four 2-Bedroom/1-Bathroom units, one 3-Bedroom/1-Bathroom unit, four 3-Bedroom/3-Bathroom townhouse units, and one 4-Bedroom/2-Bathroom unit. All of the units are separately metered for heat, hot water and electric. Both 83 and 85-87 Winter Street have new roofs and new siding, as well as new heating systems throughout (individual boilers and gas meters) in addition to renovated units.

Last Agent to Sell the Property

John Pentore

Horvath & Tremblay Listed on: 02/22/2023

Last Buyer's Agent

Shasha Chang

Peace of Mind Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,752

Year Built

  • Built in 1900

Lot Details

  • 8,407

Home Design

  • 12,580 Sq Ft Home
  • Shingle Roof
  • Rubber Roof

Bedrooms and Bathrooms

  • 30 Bedrooms
  • 22 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Off-Street Parking

Additional Features

  • 8,407 Sq Ft Lot
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $11,675

Community Details

Overview

  • 13 Units
  • Property has 1 Level

Building Details

  • Operating Expense $83,416
  • Net Operating Income $416,384

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,752

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Side by Side
  • Year Built: 1900
  • Buyer Agency: 1.75
  • Sub Agent Compensation: 0
  • Transaction Broker: 0
  • Year Built Details: Unknown/Mixed
  • SUB AGENCY OFFERED: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 7

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 30
  • Full Bathrooms: 22
  • Total Bathrooms: 22
  • Total Bathrooms: 22
  • Living Area: 12580
  • Spa YN: No
  • Stories Total: 7
  • MAIN LO: AN2723
  • LIST PRICE PER Sq Ft: 612.08
  • PRICE PER Sq Ft: 572.34
  • MAIN SO: AN5574

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle, Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Electric: Individually Metered
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Other
  • Senior Community YN: No

Lot Info

  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8407
  • Lot Size Units: Acres
  • PAGE: 9999
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 34752
  • Tax Book Number: 9999

Multi Family

  • Gross Income: 499800
  • Net Operating Income: 416384
  • Number Of Units Total: 13
  • Operating Expense: 83416
  • Total Actual Rent: 11675
  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 2
  • FLRS 2: 1

Range of Values:

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Average Value
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List Price
Sold Price
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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
06/30/2023 06/30/23 Sold $7,200,000 -6.5% $572 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
02/22/2023 02/22/23 For Sale $7,700,000 -- $612 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

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 $404 $63,600 $63,600 $0
2024 $392 $66,300 $66,300 $0
2023 $371 $63,300 $63,300 $0
2022 $375 $63,300 $63,300 $0
2021 $5,760 $61,500 $61,500 $0
2020 $361 $62,700 $62,700 $0
2019 $25,987 $61,500 $61,500 $0
2018 $5,977 $51,000 $51,000 $0
2017 $296 $45,600 $45,600 $0
2016 $250 $35,700 $35,700 $0
2015 $239 $30,600 $30,600 $0
2014 $199 $23,700 $23,700 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73081151

MLS Property Information Network (MLS PIN)

APN: CAMB-000022-000000-000026