Three-Family Renovation
New
For Sale
$1,950,000
20 Hunting St, Cambridge, MA 02141
Three residential units include first- and second-floor spaces identified for renovation and modernization.
Property Size3,186 SF
Days on Market3
Property Features for 20 Hunting St
General Information
Standard status
Active
Size
3,186 SF
Total Parking Spaces
3
Property subtype
Multifamily
Property Condition
Severity
Repairs Needed
Evidence
renovation opportunities
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$10,811
Building Details
Building Size
3,186 SF
Year Built
1903
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Nicholas Cuevas
(978) 248-8081
Source:
Classifiedrealtygroup
Added: Sep 11
Last Checked: Sep 13 at 5:42AM
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.
Built in 1903, this three-family property includes residential units on the first and second floors, with renovation work identified for those spaces. An additional living room is also part of the layout. The configuration may suit an owner-occupant, a buyer seeking multiple units, or a purchaser planning to update the property over time.
The property is in Cambridge’s Wellington-Harrington neighborhood near Kendall Square, MIT, major employers, and public transportation. Nearby context includes 1369 Coffee House, Cambridge Street, and Union Square. Access to the Green Line, Red Line, Route 28, I-93, and downtown Boston adds connectivity for residents.
The property is in Cambridge’s Wellington-Harrington neighborhood near Kendall Square, MIT, major employers, and public transportation. Nearby context includes 1369 Coffee House, Cambridge Street, and Union Square. Access to the Green Line, Red Line, Route 28, I-93, and downtown Boston adds connectivity for residents.
Key Highlights
- Three‑family residential property built in 1903
- First- and second‑floor units identified as renovation opportunities
- Additional living room included in the layout
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
$79,918
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
4.10%
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%
$1,598,360
$1.6M
Cap Rate 7%
$1,141,686
$1.1M
Cap Rate 9%
$887,978
$888.0K
Market Conditions
NOI Build-Up for 3,186 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
$120.4K $37.80/SF
− Vacancy
−$6.3K −$1.97/SF
EGI
$114.2K $35.83/SF
− OpEx
−$34.3K −$10.75/SF
NOI
$79.9K $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%
$1,598,360
Cap Rate 7%
$1,141,686
Cap Rate 9%
$887,978
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$999.0K – $1.33M
NOI $79,918 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$1.07M
$933.6K – $1.24M
NOI $74,690 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $171,938 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,412
Businesses Nearby
Explore this area
Business Placement
Demographics for 02141, MA
15,130
Population
8,128
Households
1.9
Avg Household Size
32
Median Age
74%
College-Educated
94%
High-School Grad
0.6 sq mi
ZIP Area
25,217
Density / Sq Mi
$120,542
Median Household Income
$73,002
Median Earnings
$2,752
Median Rent
$892,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include first- and second-floor spaces identified for renovation and modernization.
Where is this triplex located?
The property is located at 20 Hunting St Cambridge, MA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Three‑family residential property built in 1903; First- and second‑floor units identified as renovation opportunities; Additional living room included in the layout
