Fully Leased Multifamily Apartment
23-25 Inman St Cambridge, MA 02139
For Sale
$3,490,000
Acquire a fully occupied multifamily building with tenants in place generating annual gross rental income.
Property Size5,314 SF
Price / SF$656.76
Days on Market52
Property Features for 23-25 Inman St
General Information
Standard status
Active
Size
5,314 SF
Property subtype
5-9 Family
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty Boston Northwest
(978) 760-2988
Listed By:
Keystone Homes Group
(978) 760-2988
Source:
Lockandkeyre
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 29 at 5:10PM
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.
This fully occupied, income-producing multifamily asset is offered for sale at 23-25 Inman St, Cambridge. The property is being sold with tenants in place and is described as turnkey, with existing leases remaining in effect. Based on the provided information, it currently generates approximately $254,280 in annual gross rental income.
Set in the heart of Inman Square, the building benefits from an established Cambridge urban setting. Residents are noted as having easy access to Harvard University, MIT, Kendall Square, Central Square, and public transportation. The remarks also highlight nearby dining, shopping, and major employment centers.
For investors seeking immediate in-place income, this offering is presented as a straightforward, leased-property acquisition, with the sale subject to existing leases. Advance notice is required for all showings, reflecting tenant occupancy. Prospective buyers should review the current lease structure and tenant terms in conjunction with the pro forma materials available for the sale.
Set in the heart of Inman Square, the building benefits from an established Cambridge urban setting. Residents are noted as having easy access to Harvard University, MIT, Kendall Square, Central Square, and public transportation. The remarks also highlight nearby dining, shopping, and major employment centers.
For investors seeking immediate in-place income, this offering is presented as a straightforward, leased-property acquisition, with the sale subject to existing leases. Advance notice is required for all showings, reflecting tenant occupancy. Prospective buyers should review the current lease structure and tenant terms in conjunction with the pro forma materials available for the sale.
Key Highlights
- Fully occupied multifamily building sold with tenants in place
- Generates approximately $254,280 in annual gross rental income
- Year built: 1900
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $235.9k | $44.40 |
| − Vacancy | −$9.4k | −$1.78 |
| EGI | $226.5k | $42.62 |
| − OpEx | −$101.9k | −$19.18 |
| NOI | $124.6k | $23.44 |
5,314 SF · lease $44.40/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,577 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.10M
$3.58M – $4.78M
NOI $286,778 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Acquire a fully occupied multifamily building with tenants in place generating annual gross rental income.
Where is this apartment building located?
The property is located at 23-25 Inman St Cambridge, MA.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: Fully occupied multifamily building sold with tenants in place; Generates approximately $254,280 in annual gross rental income; Year built: 1900
