Mid-Cambridge Multifamily Renovation
For Sale
$1,399,000
Pending
155 Amory St, Cambridge, MA 02139
Three-story multifamily with rehab potential in prime Mid-Cambridge location.
Property Size2,700 SF
Days on Market166
Property Features for 155 Amory St
General Information
Standard status
Pending
Size
2,700 SF
Property subtype
3 Family
Building Details
Year Built
1910
Listing Agency:
Keller Williams Elite
(508) 528-1000
Listed By:
Cook Real Estate Partners
(508) 361-9355
Source:
Lockandkeyre
Added: Apr 24
Changed: Oct 4
Last Checked: Oct 5 at 7:16PM
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 Keller Williams Elite
Investment Insights
Based on property information with market context.
Located in Mid-Cambridge, this three-story multifamily property presents a renovation opportunity for investors and contractors. The building is configured with three 2-bed/1-bath units and one 1-bed/1-bath unit. The units require repairs, updates, and full rehabilitation. There are three gas and three electric meters. The property may offer value-add potential with a fourth-level expansion or roof deck, subject to buyer verification. The property is being sold in as-is condition. The location provides access to Harvard, MIT, Central Square, Harvard Square, and Union Square. The area has strong rental demand and limited inventory. The property has a bike score of 89, indicating it is very bikeable, a walk score of 97, indicating it is a walker's paradise, and a transit score of 85, indicating excellent transit.
Key Highlights
- Prime Mid‑Cambridge location near Inman Square with easy access to Harvard, MIT, Central Square, Harvard Square, and Union Square.
- Strong rental demand area with limited inventory in a desirable Cambridge neighborhood.
- Rare rehab/renovation opportunity for investors and contractors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,297
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,265,940
$1.3M
Cap Rate 7%
$904,243
$904.2K
Cap Rate 9%
$703,300
$703.3K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$119.9K $44.40/SF
− Vacancy
−$4.8K −$1.78/SF
EGI
$115.1K $42.62/SF
− OpEx
−$51.8K −$19.18/SF
NOI
$63.3K $23.44/SF
Area
Cambridge, MA
Vacancy
4.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,265,940
Cap Rate 7%
$904,243
Cap Rate 9%
$703,300
Alternative Uses
Best Use
Apartment 5plus
$904.2K
$791.2K – $1.05M
NOI $63,297 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,710 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,044
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story multifamily with rehab potential in prime Mid-Cambridge location.
Where is this apartment building located?
The property is located at 155 Amory St Cambridge, MA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Prime Mid‑Cambridge location near Inman Square with easy access to Harvard, MIT, Central Square, Harvard Square, and Union Square.; Strong rental demand area with limited inventory in a desirable Cambridge neighborhood.; Rare rehab/renovation opportunity for investors and contractors.
