Multifamily Building with Upgraded
303-305 Hurley St Cambridge, MA 02141
303-305 Hurley St, Cambridge, MA, 02141
$3,800,000
Pending
For Sale
$3,800,000
Pending
Three-story multifamily features four 4-bedroom/2-bath and two 3-bedroom/1-bath upgraded units with coin-op laundry.
Property Size6,331 SF
Lot Size0.11 Acres
Days on Market89
Property Features for 303-305 Hurley St
General Information
- Standard status
- Pending
- Size
- 6,331 SF
- Lot size
- 0.11 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1920
Listing agency
Horvath & Tremblay
(781) 776-4002
Listed by
Dennis Kelleher · License #9528992
(781) 776-4002
Source
Elliman
Added: Apr 24 Updated: Jul 20 at 6:22PM Checked: Jul 21 at 8:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
Investment Insights
Based on property information with market context.
303-305 Hurley Street is a three-story multifamily building offering six total residential units. The unit mix includes four 4-bedroom/2-bath units and two 3-bedroom/1-bath units. The property totals 8,456 square feet of gross area and includes 6,331 square feet of gross living area, with an on-site amenity of coin-op laundry for tenant use. Units have been completely upgraded and feature modern finishes, including updated bathrooms.
The property is located in East Cambridge and provides access to Kendall Square and surrounding residential neighborhoods. It also benefits from convenient connectivity to major thoroughfares, including McGrath Highway (Route 28) and Monsignor O’Brien Highway, with proximity to I-93. Bike and walk scores are listed as 90 and 91, respectively, and transit score is listed as 74.
With an on-street parking setup and fully upgraded interiors, 303-305 Hurley Street presents a straightforward residential income asset with a balanced unit configuration for tenant households seeking larger bedroom counts.
The property is located in East Cambridge and provides access to Kendall Square and surrounding residential neighborhoods. It also benefits from convenient connectivity to major thoroughfares, including McGrath Highway (Route 28) and Monsignor O’Brien Highway, with proximity to I-93. Bike and walk scores are listed as 90 and 91, respectively, and transit score is listed as 74.
With an on-street parking setup and fully upgraded interiors, 303-305 Hurley Street presents a straightforward residential income asset with a balanced unit configuration for tenant households seeking larger bedroom counts.
Key Highlights
- Three‑story multifamily built in 1920 on a 0.11‑acre parcel, totaling 6,331 SF of gross living area and 8,456 SF gross area
- Contains 6 total units: four 4‑bedroom/2‑bath units and two 3‑bedroom/1‑bath units
- Units have been completely upgraded with updated bathrooms and modern finishes
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $281.1k | $44.40 |
| − Vacancy | −$11.2k | −$1.78 |
| EGI | $269.9k | $42.62 |
| − OpEx | −$121.4k | −$19.18 |
| NOI | $148.4k | $23.44 |
6,331 SF · lease $44.40/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.12M
$1.86M – $2.47M
NOI $148,419 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.88M
$4.27M – $5.69M
NOI $341,662 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Three-story multifamily features four 4-bedroom/2-bath and two 3-bedroom/1-bath upgraded units with coin-op laundry.
Where is this apartment building located?
The property is located at 303-305 Hurley St Cambridge, MA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Three‑story multifamily built in 1920 on a 0.11‑acre parcel, totaling 6,331 SF of gross living area and 8,456 SF gross area; Contains 6 total units: four 4‑bedroom/2‑bath units and two 3‑bedroom/1‑bath units; Units have been completely upgraded with updated bathrooms and modern finishes
