Three-Unit Triplex with Private
For Sale
$1,750,000
Pending
218-220 Walden St, Cambridge, MA 02140
Each residence has an enclosed porch and its own deck.
Property Size3,024 SF
Days on Market14
Property Features for 218-220 Walden St
General Information
Standard status
Pending
Size
3,024 SF
Property subtype
3 Family - 3 Units Up/Down
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,624
Amenities
enclosed porch
private deck
Building Details
Building Size
3,024 SF
Year Built
1928
Listing Agency:
Keller Williams Realty Boston Northwest
Listed By:
Santana Team · License #PersonLicenseNumber
(617) 858-5475
Source:
Allisonmazer
Added: Sep 22
Changed: Oct 4
Last Checked: Oct 4 at 4:59PM
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 Realty Boston Northwest
Investment Insights
Based on property information with market context.
Built in 1928, this 3,024-square-foot Cambridge triplex contains three residences. Each unit has two bedrooms, one full bathroom, an enclosed porch, and a private deck, for a total of six bedrooms and three full bathrooms.
The property is at 218-220 Walden Street, near shops, restaurants, public transportation, and neighborhood amenities.
The property is at 218-220 Walden Street, near shops, restaurants, public transportation, and neighborhood amenities.
Key Highlights
- Three units, each with 2 bedrooms and 1 full bathroom
- 6 bedrooms and 3 full bathrooms across the property
- Every unit includes an enclosed porch and private deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,854
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,517,080
$1.5M
Cap Rate 7%
$1,083,629
$1.1M
Cap Rate 9%
$842,822
$842.8K
Market Conditions
NOI Build-Up for 3,024 SF
Gross rent
$114.3K $37.80/SF
− Vacancy
−$5.9K −$1.97/SF
EGI
$108.4K $35.83/SF
− OpEx
−$32.5K −$10.75/SF
NOI
$75.9K $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 Rate 5%
$1,517,080
Cap Rate 7%
$1,083,629
Cap Rate 9%
$842,822
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$948.2K – $1.26M
NOI $75,854 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$1.01M
$886.2K – $1.18M
NOI $70,892 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,195 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,409
Businesses Nearby
Explore this area
Business Placement
Demographics for 02140, MA
21,447
Population
11,117
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
95%
High-School Grad
1.2 sq mi
ZIP Area
17,873
Density / Sq Mi
$136,382
Median Household Income
$77,506
Median Earnings
$2,581
Median Rent
$1,070,200
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 - Each residence has an enclosed porch and its own deck.
Where is this triplex located?
The property is located at 218-220 Walden St Cambridge, MA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1 full bathroom; 6 bedrooms and 3 full bathrooms across the property; Every unit includes an enclosed porch and private deck
