Historic Three-Story Office
For Sale
$4,950,000
159 Brattle Street, Cambridge, MA 02138
Georgian office property with a detached carriage house and garage on an expansive Cambridge parcel.
Property Size6,449 SF
Lot Size0.41 Acres
Price / SF$767.56
Days on Market76
Property Features for 159 Brattle Street
General Information
Standard status
Active
Size
6,449 SF
Total Parking Spaces
5
Lot size
0.41 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$46,860
Building Details
Year Built
1685
Buildings
2
Stories
3
Construction
Georgian
Tenancy
Single
Listing Agency:
LandVest, Inc., Ipswich
(413) 333-7776
Listed By:
Monahan Barker Team
(617) 680-6895
Source:
Ma-cthomes
Added: Aug 2
Changed: Oct 13
Last Checked: Oct 14 at 10:30PM
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 LandVest, Inc., Ipswich
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Hooper-Lee-Nichols House is a three-story Georgian property dating to 1685, with a central chimney and symmetrical architectural proportions. It is currently configured for office use as the headquarters of History Cambridge. A detached carriage house and garage are positioned behind the main structure and accessed from Kennedy Road.
The property occupies an 18,012± square foot parcel, with the house set back from the street. It is located within the Old Cambridge Historic District, where exterior features are protected. An easement held by the Massachusetts Historical Commission safeguards important interior elements. The property’s historic protections and existing office configuration are central considerations for future ownership and use.
The property occupies an 18,012± square foot parcel, with the house set back from the street. It is located within the Old Cambridge Historic District, where exterior features are protected. An easement held by the Massachusetts Historical Commission safeguards important interior elements. The property’s historic protections and existing office configuration are central considerations for future ownership and use.
Key Highlights
- Three‑story Georgian structure built in 1685
- 18,012± square foot parcel
- Currently configured for office use as History Cambridge headquarters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,501
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,990,020
$5.0M
Cap Rate 7%
$3,564,300
$3.6M
Cap Rate 9%
$2,772,233
$2.8M
Market Conditions
NOI Build-Up for 6,449 SF
Gross rent
$373.8K $57.96/SF
− Vacancy
−$41.1K −$6.38/SF
EGI
$332.7K $51.58/SF
− OpEx
−$83.2K −$12.90/SF
NOI
$249.5K $38.69/SF
Area
Cambridge, MA
Vacancy
11.00%
Lease Rate
$57.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,990,020
Cap Rate 7%
$3,564,300
Cap Rate 9%
$2,772,233
Alternative Uses
Best Use
Office B
$3.56M
$3.12M – $4.16M
NOI $249,501 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $348,031 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,922
Businesses Nearby
Explore this area
Business Placement
Demographics for 02138, MA
37,982
Population
16,132
Households
2.4
Avg Household Size
30
Median Age
86%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
14,067
Density / Sq Mi
$122,040
Median Household Income
$46,436
Median Earnings
$2,799
Median Rent
$1,088,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Georgian office property with a detached carriage house and garage on an expansive Cambridge parcel.
Where is this office building located?
The property is located at 159 Brattle Street Cambridge, MA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Three‑story Georgian structure built in 1685; 18,012± square foot parcel; Currently configured for office use as History Cambridge headquarters
