Fully Tenanted Multifamily
23-25 Inman St Cambridge, MA 02139
For Sale
$3,490,000
MULTI_FAMILY - Colonial - Cambridge, MA
Property Size5,314 SF
Lot Size0.11 Acres
Price / SF$656.76
Days on Market49
Property Features for 23-25 Inman St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C-1
- Bedrooms
- 9
- Bathrooms
- 8
- Rooms
- Bedroom 4, Bathroom 6, Bedroom 5, Bedroom 8, Bathroom 8, Bathroom 1, Bathroom 4, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 9, Bedroom 7, Bathroom 3, Bathroom 7
- Parking
- 4
- Standard status
- Active
- 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: Jul 17
Last Checked: Jul 27 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 income-producing multifamily property has been converted into eight condominium units. The building is fully occupied and is being sold subject to existing leases, with tenants in place. It currently generates approximately $254,280 in annual gross rental income. Total property size is listed at 5,314 square feet, and the property is zoned C-1.
The property is located at 23–25 Inman St in Cambridge (02139), in the heart of Inman Square. The surrounding area provides access to Harvard University, MIT, Kendall Square, Central Square, public transportation, dining, shopping, and major employment centers.
The property is located at 23–25 Inman St in Cambridge (02139), in the heart of Inman Square. The surrounding area provides access to Harvard University, MIT, Kendall Square, Central Square, public transportation, dining, shopping, and major employment centers.
Key Highlights
- Fully occupied, income‑producing multifamily property in Cambridge’s Inman Square area
- Approximately $254,280 in annual gross rental income, with property sold subject to existing leases
- Seller has converted the building into eight condominium units, adding flexibility for future ownership or disposition
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Converted into eight condominium units and sold with tenants in place, producing approximately $254,280 in 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, income‑producing multifamily property in Cambridge’s Inman Square area; Approximately $254,280 in annual gross rental income, with property sold subject to existing leases; Seller has converted the building into eight condominium units, adding flexibility for future ownership or disposition
