Cambridge Two-Family Near Porter
128 Elm St Cambridge, MA 02140
128 Elm St, Cambridge, MA, 02140
$1,599,900
Pending
For Sale
$1,599,900
Pending
Two-family property near Harvard, Lesley University, and the Red Line.
Property Size2,975 SF
Days on Market104
Property Features for 128 Elm St
General Information
- Standard status
- Pending
- Size
- 2,975 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1903
Listing agency
Leslie Ingram
(617) 571-3986
Listed by
Jordan Healy
(413) 717-0635
Source
Lockandkeyre
Added: Apr 10 Updated: Jul 10 at 1:14PM Checked: Jul 21 at 3:21AM
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 Leslie Ingram
Investment Insights
Based on property information with market context.
Located in the heart of Cambridge’s Porter Square, this two-family property presents an opportunity for investors and homeowners. The property is situated near Harvard, Lesley University, and the Red Line. The first-floor unit features a sun-drenched living room, dining room, an eat-in kitchen with a pantry, and gas cooking, as well as high ceilings and hardwood floors. The unit includes one bedroom. The second-floor unit offers a kitchen with gas cooking and a pantry, a bright living room and dining area with a fireplace, and four bedrooms with closet space. The property also has an expandable third floor.
Key Highlights
- Prime Porter Square location, near Harvard, Lesley University, and the Red Line.
- Two‑family property offering investment or owner‑occupancy potential.
- Spacious units with sun‑drenched living areas and hardwood floors.
Local Financial Insights For Multifamily LT 5
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 | $112.5k | $37.80 |
| − Vacancy | −$5.8k | −$1.97 |
| EGI | $106.6k | $35.83 |
| − OpEx | −$32.0k | −$10.75 |
| NOI | $74.6k | $25.08 |
2,975 SF · lease $37.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$932.8K – $1.24M
NOI $74,625 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$996.3K
$871.8K – $1.16M
NOI $69,744 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,551 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family property near Harvard, Lesley University, and the Red Line.
Where is this duplex located?
The property is located at 128 Elm St Cambridge, MA.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Prime Porter Square location, near Harvard, Lesley University, and the Red Line.; Two‑family property offering investment or owner‑occupancy potential.; Spacious units with sun‑drenched living areas and hardwood floors.
