Two-Unit Duplex with Basement
13 Cottage Park Ave, Cambridge, MA 02140
For Sale
$1,400,000
Pending
Both apartments offer two bedrooms, in-unit laundry, and separate heating and utility meters.
Property Size1,755 SF
Lot Size0.10 Acres
Days on Market9
Property Features for 13 Cottage Park Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
bonus heated room
workshop area
Ceiling Fan(s)
Pantry
Stone/Granite/Solid Counters
Living Room
Kitchen
Laundry Room
Rain Gutters
Sprinkler System
Garden
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Thalia Tringo & Associates Real Estate, Inc.
(617) 616-5091
Listed By:
Team Jen & Lynn
(617) 943-9581
Source:
Condonrealty
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 13 at 2:35PM
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 Thalia Tringo & Associates Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,755-square-foot duplex contains two apartments, each configured with two bedrooms and one bathroom. Both units have in-unit laundry, updated appliances, replaced flooring, and recent interior paint. Heating and utility meters are separate. The building dates to 1889 and was converted from a single-family home to a two-family property in the 1980s. Basement space includes a heated bonus room, a full working bathroom, and a workshop area.
The approximately 4,500-square-foot lot has a driveway with tandem parking for two to three cars. Bus service along Massachusetts Avenue connects with the Red Line and commuter rail. Davis Square and Porter Square are each 0.7 miles away, with shops, restaurants, parks, entertainment, and bike and walking paths in the surrounding area. Routes 2, 16, 93, 28, 38, and 95 are accessible by car; downtown Boston and Logan Airport are a 25-minute drive.
The approximately 4,500-square-foot lot has a driveway with tandem parking for two to three cars. Bus service along Massachusetts Avenue connects with the Red Line and commuter rail. Davis Square and Porter Square are each 0.7 miles away, with shops, restaurants, parks, entertainment, and bike and walking paths in the surrounding area. Routes 2, 16, 93, 28, 38, and 95 are accessible by car; downtown Boston and Logan Airport are a 25-minute drive.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,755 square feet; built in 1889
- Separate heat and utility meters for each unit, plus in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,023
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,460
$880.5K
Cap Rate 7%
$628,900
$628.9K
Cap Rate 9%
$489,144
$489.1K
Market Conditions
NOI Build-Up for 1,755 SF
Gross rent
$66.3K $37.80/SF
− Vacancy
−$3.4K −$1.97/SF
EGI
$62.9K $35.83/SF
− OpEx
−$18.9K −$10.75/SF
NOI
$44.0K $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 Rate 5%
$880,460
Cap Rate 7%
$628,900
Cap Rate 9%
$489,144
Alternative Uses
Best Use
Multifamily LT 5
$628.9K
$550.3K – $733.7K
NOI $44,023 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$587.8K
$514.3K – $685.7K
NOI $41,143 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,711 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,339
Businesses Nearby
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Business Placement
Demographics for 02140, MA
21,447
Population
11,117
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
95%
High-School Grad
1.2 sq mi
ZIP Area
17,873
Density / Sq Mi
$136,382
Median Household Income
$77,506
Median Earnings
$2,581
Median Rent
$1,070,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cambridge, MA
Properties on Market for Duplexes in Cambridge
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments offer two bedrooms, in-unit laundry, and separate heating and utility meters.
Where is this duplex located?
The property is located at 13 Cottage Park Ave Cambridge, MA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,755 square feet; built in 1889; Separate heat and utility meters for each unit, plus in‑unit laundry
