Cambridge Triplex with Investment
For Sale
$2,500,000
17-19 Orrin Street, Cambridge, MA 02138
Three-family property near Porter Square and Fresh Pond.
Property Size3,159 SF
Price / SF$791.39
Days on Market176
Property Features for 17-19 Orrin Street
General Information
Standard status
Active
Size
3,159 SF
Property subtype
Multi-Family
Zoning
res.
Net Operating Income
$105,901
Taxes and HOA fees
Annual Taxes
$12,640
Building Details
Building Size
3,159 SF
Year Built
1902
Stories
3
Listing Agency:
Compass
(617) 303-0067
Listed By:
Maggie Dee + Charles Cherney Team · License #9042699
(617) 634-9665
Source:
Churchillprop
Added: Apr 17
Changed: Oct 6
Last Checked: Oct 7 at 10:44AM
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 Compass
Investment Insights
Based on property information with market context.
This three-family property is situated on a large lot and features three floor-through units. Each unit includes high ceilings, hardwood floors, kitchen pantries, and separate systems, along with front and rear decks. The property also has a full unfinished basement and a spacious backyard. Leases are in place through May 31, 2027 for units 1 and 3, and through September 1, 2026 for unit 2. The property is located with convenient access to Porter Square and Fresh Pond. It is considered a solid investment property with potential for condo conversion. The location has a bike score of 96, indicating it is a biker's paradise, and a walk score of 96, designating it as a walker's paradise. The transit score is 70, indicating excellent transit options.
Key Highlights
- Solid investment property with potential for condo conversion
- Excellent location with easy access to Porter Square and Fresh Pond (Walk Score: 96, Bike Score: 96, Transit Score: 70)
- Three sunny, floor‑through units, each with high ceilings and hardwood floors**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,241
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,584,820
$1.6M
Cap Rate 7%
$1,132,014
$1.1M
Cap Rate 9%
$880,456
$880.5K
Market Conditions
NOI Build-Up for 3,159 SF
Gross rent
$119.4K $37.80/SF
− Vacancy
−$6.2K −$1.97/SF
EGI
$113.2K $35.83/SF
− OpEx
−$34.0K −$10.75/SF
NOI
$79.2K $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%
$1,584,820
Cap Rate 7%
$1,132,014
Cap Rate 9%
$880,456
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$990.5K – $1.32M
NOI $79,241 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$1.06M
$925.7K – $1.23M
NOI $74,057 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,480 @ 7.0% cap · market cap 6.82%
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
2,116
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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family property near Porter Square and Fresh Pond.
Where is this triplex located?
The property is located at 17-19 Orrin Street Cambridge, MA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Solid investment property with potential for condo conversion; Excellent location with **easy access to Porter Square and Fresh Pond** (Walk Score: 96, Bike Score: 96, Transit Score: 70); Three sunny, floor‑through units, each with high ceilings and hardwood floors**
