Three-Unit Brick Residential
251 Cambridge Boston, MA 02134
251 Cambridge, Boston, MA, 02134
$1,780,000
For Sale
$1,780,000
Three-unit brick multifamily with a recently renovated unit 3 and tenant-at-will units 1 and 2.
Property Size3,780 SF
Price / SF$470.90
Days on Market91
Property Features for 251 Cambridge
General Information
- Standard status
- Active
- Size
- 3,780 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1905
Listing agency
City Realty Group
Listed by
Sean Rose
(617) 731-4644
Source
Hammondre
Added: Apr 24 Updated: Jul 20 at 9:03PM Checked: Jul 22 at 7:23AM
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 City Realty Group
Investment Insights
Based on property information with market context.
This brick three-unit residential property offers a straightforward income layout with three separate units. Public remarks indicate that Unit 3 is recently renovated, while Units 1 and 2 are TAW's, creating an opportunity for a buyer to evaluate upgrades and add value after purchase.
The building is described as well-positioned near public transportation, with highway access via I-90. It is also noted to be close to the Harvard University and Boston University campuses, along with nearby dining and retail.
Overall, the property is presented as a three-family option for investors looking for an established rental demand profile, with a portion of the interior already updated in Unit 3.
The building is described as well-positioned near public transportation, with highway access via I-90. It is also noted to be close to the Harvard University and Boston University campuses, along with nearby dining and retail.
Overall, the property is presented as a three-family option for investors looking for an established rental demand profile, with a portion of the interior already updated in Unit 3.
Key Highlights
- Brick 3‑unit multifamily building built in 1905
- Unit 3 is recently renovated
- Units 1 and 2 are tenant‑at‑will (TAW)
Local Financial Insights For Multifamily LT 5
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 | $142.9k | $37.80 |
| − Vacancy | −$6.4k | −$1.70 |
| EGI | $136.5k | $36.10 |
| − OpEx | −$40.9k | −$10.83 |
| NOI | $95.5k | $25.27 |
3,780 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,518 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,800 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,132 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit brick multifamily with a recently renovated unit 3 and tenant-at-will units 1 and 2.
Where is this triplex located?
The property is located at 251 Cambridge Boston, MA.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: Brick 3‑unit multifamily building built in 1905; Unit 3 is recently renovated; Units 1 and 2 are tenant‑at‑will (TAW)
