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    2 Hingham St Cambridge, MA 02138

    For Sale
    $6,195,000

    Turnkey eight-unit property with excellent location and high rental income.

    Lot size:
    0.09 Acres

    Property Features for 2 Hingham St

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1920

    Source: Coldwell Banker Realty - Cambridge Agent Nathan Long

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cambridge Eight-Unit Multifamily Investment Property

    This three-level, eight-unit property is located on a corner lot at the intersection of Hingham Street and Putnam Avenue. The property includes four townhouse-style units facing Hingham Street and four studio units accessible from Putnam Avenue. Each townhouse unit features three levels, with an open-concept living, dining, and kitchen area, as well as a half bathroom on the first level. The second floor includes two bedrooms, a full bathroom, and a laundry unit. The top level features two bedrooms, including a master ensuite. Each studio apartment has a separate entrance, a full kitchen, and a bathroom. All units are under leasing cycles as of August 31st, with a total monthly rental income of $32,450. The property is located near the Charles River, Harvard Business School, Harvard Main Campus, and MIT. It is also within walking distance of the Red Line Central Station and offers quick access to Storrow Drive and I-90. This property presents a rare investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.1139612
    Latitude
    42.3650601

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    FAQs

    What type of property is this?
    Apartment building - Turnkey eight-unit property with excellent location and high rental income.
    Where is this apartment building located?
    The property is located at 2 Hingham St Cambridge, MA.
    What is the asking price?
    The asking price for this property is $6,195,000.
    What are key features of this property?
    This property features: - High Rental Income: $32,450 monthly total from all units.; - Turnkey Eight-Unit Property: Ready for immediate operation and income generation.; - Excellent Location: Steps from Charles River, Harvard Business School, Harvard Main Campus, near MIT, and walking distance to Red Line Central Station.
    (617) 821-5889
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Hingham St Cambridge, MA 02138
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