Three-Story Triplex with Basement
For Sale
$1,399,000
Pending
155 Amory St, Cambridge, MA 02139
MULTI_FAMILY - Cambridge, MA
Property Size2,700 SF
Lot Size0.04 Acres
Days on Market111
Property Features for 155 Amory St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
BA
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 6
Directions
Google map
Subdivision
Inman Square
Standard status
Pending
APN
M:00110 L:00022,405617
Size
2,700 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8729
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(508) 528-1000
Listed By:
Jennifer Hoyt
(508) 695-4545
Added: Apr 24
Changed: Aug 2
Last Checked: Aug 12 at 10:06AM
MLS# 73507306
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Three-story multi-family property sold in as-is condition, built in 1910 and zoned BA. The building contains three units plus a basement unit, for a total of four units. It is currently configured as (3) two-bedroom, one-bath units needing repairs, updates, and renovation, and (1) one-bedroom, one-bath unit needing full rehab.
Utilities are separately metered with 3 gas meters and 3 electric meters. The property size is listed as 2,700 square feet, set on a 0.0356-acre lot.
The property is described as being located in Mid-Cambridge near Inman Square, with easy access to Harvard, MIT, Central Square, Harvard Square, and Union Square. The listing also notes the possibility of value-add via a fourth level expansion or a roof deck, with the buyer to verify feasibility.
Utilities are separately metered with 3 gas meters and 3 electric meters. The property size is listed as 2,700 square feet, set on a 0.0356-acre lot.
The property is described as being located in Mid-Cambridge near Inman Square, with easy access to Harvard, MIT, Central Square, Harvard Square, and Union Square. The listing also notes the possibility of value-add via a fourth level expansion or a roof deck, with the buyer to verify feasibility.
Key Highlights
- 0.0356‑acre lot with 2,700 SF multi‑family building
- Three‑story structure built in 1910, zoned BA
- Four total units: 3 plus a basement unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,727
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,354,540
$1.4M
Cap Rate 7%
$967,529
$967.5K
Cap Rate 9%
$752,522
$752.5K
Market Conditions
NOI Build-Up for 2,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$102.1K $37.80/SF
− Vacancy
−$5.3K −$1.97/SF
EGI
$96.8K $35.83/SF
− OpEx
−$29.0K −$10.75/SF
NOI
$67.7K $25.08/SF
Area
Cambridge, MA
Vacancy
5.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,354,540
Cap Rate 7%
$967,529
Cap Rate 9%
$752,522
Alternative Uses
Best Use
Multifamily LT 5
$967.5K
$846.6K – $1.13M
NOI $67,727 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$904.2K
$791.2K – $1.05M
NOI $63,297 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,710 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 02139, MA
39,525
Population
16,930
Households
2.3
Avg Household Size
30
Median Age
78%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
24,703
Density / Sq Mi
$124,648
Median Household Income
$61,025
Median Earnings
$2,613
Median Rent
$1,066,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-story multi-family with three units plus a basement unit, zoned BA, sold as-is and currently needing extensive repairs.
Where is this triplex located?
The property is located at 155 Amory St Cambridge, MA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 0.0356‑acre lot with 2,700 SF multi‑family building; Three‑story structure built in 1910, zoned BA; Four total units: 3 plus a basement unit
