Three-Unit Triplex with
New
For Sale
$2,400,000
14 Saint Paul St, Cambridge, MA 02139
Multi-story income property with renovated kitchens and baths, shared laundry, and flexible unit layouts.
Property Size3,612 SF
Lot Size0.07 Acres
Price / SF$664.45
Days on Market7
Property Features for 14 Saint Paul St
General Information
Standard status
Active
Size
3,612 SF
Total Parking Spaces
2
Lot size
0.07 Acres
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Road Access
Yes
Amenities
common laundry
Building Details
Year Built
1903
Buildings
1
Listing Agency:
Horvath & Tremblay
Listed By:
Tess Kohanski
Source:
Gooddeedsrealtypartners
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 30 at 8:37PM
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.
This 1903 multi-family property contains three two-bedroom, one-bathroom apartments across 3,612 square feet of gross living area and 5,294 square feet of gross area. The building sits on a 0.07-acre parcel and includes two tandem parking spaces. Kitchens and bathrooms have been improved throughout, with Unit 2 receiving quartz countertops and white shaker cabinetry in 2026. Units 1 and 2 have lead certificates.
A basement provides shared laundry with a new washer and dryer, full-height ceilings, a full bathroom, and forced hot air heating. The first- and second-floor apartments have oversized layouts that can accommodate a third bedroom through an existing living-room reconfiguration with pocket doors already installed. The basement configuration also supports expansion of the first-floor apartment into a duplex-style residence. The property is located at 14 Saint Paul Street in Cambridge, Massachusetts, on a quiet dead-end street.
A basement provides shared laundry with a new washer and dryer, full-height ceilings, a full bathroom, and forced hot air heating. The first- and second-floor apartments have oversized layouts that can accommodate a third bedroom through an existing living-room reconfiguration with pocket doors already installed. The basement configuration also supports expansion of the first-floor apartment into a duplex-style residence. The property is located at 14 Saint Paul Street in Cambridge, Massachusetts, on a quiet dead-end street.
Key Highlights
- Three 2‑bedroom/1‑bathroom units with 3,612 square feet of gross living area
- 5,294 square feet of gross area on a 0.07‑acre parcel
- Two tandem parking spaces on a quiet, dead‑end street
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
$90,604
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
3.78%
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%
$1,812,080
$1.8M
Cap Rate 7%
$1,294,343
$1.3M
Cap Rate 9%
$1,006,711
$1.0M
Market Conditions
NOI Build-Up for 3,612 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
$136.5K $37.80/SF
− Vacancy
−$7.1K −$1.97/SF
EGI
$129.4K $35.83/SF
− OpEx
−$38.8K −$10.75/SF
NOI
$90.6K $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%
$1,812,080
Cap Rate 7%
$1,294,343
Cap Rate 9%
$1,006,711
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,604 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,677 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$2.78M
$2.44M – $3.25M
NOI $194,927 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,338
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 - Multi-story income property with renovated kitchens and baths, shared laundry, and flexible unit layouts.
Where is this triplex located?
The property is located at 14 Saint Paul St Cambridge, MA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Three 2‑bedroom/1‑bathroom units with 3,612 square feet of gross living area; 5,294 square feet of gross area on a 0.07‑acre parcel; Two tandem parking spaces on a quiet, dead‑end street
