Duplex with Private Roof
New
For Sale
$1,600,000
247 Chestnut St, Cambridge, MA 02139
Two residences offer distinct layouts, including a two-level unit with two bedrooms and a dedicated home office.
Property Size2,064 SF
Days on Market3
Property Features for 247 Chestnut St
General Information
Standard status
Active
Size
2,064 SF
Total Parking Spaces
1
Property subtype
Multifamily
Site & Location
Neighborhood
Cambridgeport
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,702
Amenities
water filtration system
laundry
patio and yard space
Building Details
Building Size
2,064 SF
Year Built
1886
Listing Agency:
Coldwell Banker Realty - Newton
Listed By:
Anne M Kennedy · License #449591519
(617) 549-1832
Source:
Classifiedrealtygroup
Added: Oct 23
Last Checked: Oct 24 at 2:10PM
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 Coldwell Banker Realty - Newton
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Investment Insights
Based on property information with market context.
Built in 1886, this duplex contains two residences. The first has one bedroom, a full bathroom, an eat-in kitchen, and period details including bay windows, hardwood floors, and custom built-ins. The upper residence spans the second and third floors, with two bedrooms, two full bathrooms, an eat-in kitchen, and a dedicated office. Its primary suite opens directly onto a private roof deck. Additional property features include a basement with high ceilings, laundry, a patio and yard, and one deeded off-street parking space. Separate gas heat and hot water systems serve the units.
The property is less than a quarter mile from the Charles River, Whole Foods Market, and Trader Joe’s. Nearby destinations include Magazine Beach Nature Center, restaurants, cafés, parks, and neighborhood services. Central Square, Harvard Square, MIT, Harvard, BU, public transportation, and major commuter routes are also accessible from the area.
The property is less than a quarter mile from the Charles River, Whole Foods Market, and Trader Joe’s. Nearby destinations include Magazine Beach Nature Center, restaurants, cafés, parks, and neighborhood services. Central Square, Harvard Square, MIT, Harvard, BU, public transportation, and major commuter routes are also accessible from the area.
Key Highlights
- Two residences: a one‑bedroom unit and a two‑bedroom, two‑level unit
- Upper unit includes two full bathrooms and a dedicated home office
- Private roof deck with direct access from the upper‑level primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,774
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,480
$1.0M
Cap Rate 7%
$739,629
$739.6K
Cap Rate 9%
$575,267
$575.3K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$78.0K $37.80/SF
− Vacancy
−$4.1K −$1.97/SF
EGI
$74.0K $35.83/SF
− OpEx
−$22.2K −$10.75/SF
NOI
$51.8K $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%
$1,035,480
Cap Rate 7%
$739,629
Cap Rate 9%
$575,267
Alternative Uses
Best Use
Multifamily LT 5
$739.6K
$647.2K – $862.9K
NOI $51,774 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$691.2K
$604.8K – $806.5K
NOI $48,387 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,387 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,530
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer distinct layouts, including a two-level unit with two bedrooms and a dedicated home office.
Where is this duplex located?
The property is located at 247 Chestnut St Cambridge, MA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two residences: a one‑bedroom unit and a two‑bedroom, two‑level unit; Upper unit includes two full bathrooms and a dedicated home office; Private roof deck with direct access from the upper‑level primary suite
