8-Unit Apartment
For Sale
$3,490,000
Pending
23-25 Inman St, Cambridge, MA 02139
Residential Income, Cambridge, MA
Property Size5,314 SF
Lot Size0.11 Acres
Days on Market120
Property Features for 23-25 Inman St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-1
Bedrooms
9
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 4, Bathroom 7, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 6, Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 6, Bedroom 7, Bathroom 8, Bathroom 1, Bedroom 5, Bedroom 8, Bedroom 9, Bedroom 1
Parking
4
Subdivision
Inman Square
Elementary school
Cambridge Public Schools
Middle school
Cambridge Public Schools
High school
Rindge & Latin School
Directions
Mass Ave to Inman St. Property located between Hampshire St and Cambridge St.
Standard status
Pending
Size
5,314 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
21035
Building Details
Year built
1900
Number of units
8
Architectural style
Colonial
Listing Agency:
Keller Williams Realty Boston Northwest
(781) 862-2800
Listed By:
Christina Hill
(978) 369-5775
Added: Jun 9
Changed: Oct 1
Last Checked: Oct 6 at 12:06AM
MLS# 73532928
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,314-square-foot apartment building in Cambridge features Colonial architectural styling and was constructed in 1900. The property is fully occupied, with tenants in place under existing leases. Seller has completed the conversion into eight condominium units, creating a condominium-based ownership structure for the asset.
The property is located at 23-25 Inman St in Cambridge's Inman Square area, within Middlesex County and postal code 02139. The site encompasses 0.1148 acres and carries C-1 zoning. Its unit configuration includes eight bedrooms and eight bathrooms, supporting the property's eight-unit residential layout.
The property is located at 23-25 Inman St in Cambridge's Inman Square area, within Middlesex County and postal code 02139. The site encompasses 0.1148 acres and carries C-1 zoning. Its unit configuration includes eight bedrooms and eight bathrooms, supporting the property's eight-unit residential layout.
Key Highlights
- Eight condominium units completed through seller conversion
- 5,314 square feet on a 0.1148‑acre site
- Fully occupied with tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,577
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,491,540
$2.5M
Cap Rate 7%
$1,779,671
$1.8M
Cap Rate 9%
$1,384,189
$1.4M
Market Conditions
NOI Build-Up for 5,314 SF
Gross rent
$235.9K $44.40/SF
− Vacancy
−$9.4K −$1.78/SF
EGI
$226.5K $42.62/SF
− OpEx
−$101.9K −$19.18/SF
NOI
$124.6K $23.44/SF
Area
Cambridge, MA
Vacancy
4.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,491,540
Cap Rate 7%
$1,779,671
Cap Rate 9%
$1,384,189
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
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,338
Businesses Nearby
Explore this area
Business Placement
Demographics for 02139, MA
39,525
Population
16,930
Households
2.3
Avg Household Size
30
Median Age
78%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
24,703
Density / Sq Mi
$124,648
Median Household Income
$61,025
Median Earnings
$2,613
Median Rent
$1,066,200
Median Home Value
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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?
Apartment building - Fully occupied multifamily property with tenants in place and existing leases.
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: Eight condominium units completed through seller conversion; 5,314 square feet on a 0.1148‑acre site; Fully occupied with tenants in place
