Brick Triplex with Recently Renovated Unit
For Sale
$1,680,000
251 Cambridge, Boston, MA 02134
Brick 3-unit property built in 1905, with a recently renovated unit 3 and units 1 and 2 as TAW's.
Days on Market93
Property Features for 251 Cambridge
General Information
Standard status
Active
Property subtype
3 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Building Details
Building Size
3,780 SF
Year Built
1905
Construction
brick
Listing Agency:
City Realty Group
(617) 751-5119
Listed By:
Sean Rose · License #9567526
Source:
Donnellyandco
Added: Apr 29
Changed: Jul 29
Last Checked: Jul 29 at 5:03PM
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.
Brick three-unit property built in 1905. The building includes three separate units, with unit 3 recently renovated. Units 1 and 2 are TAW's, providing flexibility for a buyer to plan updates and add value after purchase.
Located at 251 Cambridge St in Allston, the property is described as being near public transportation and with highway access via I-90. The surrounding area includes local dining and retail, and the offering is positioned close to Harvard University and Boston University campuses, supporting steady rental demand.
This is a three-unit income property well-suited for investors seeking Boston-area multifamily exposure with an in-place improvement in unit 3 and opportunities to modernize the remaining units.
Located at 251 Cambridge St in Allston, the property is described as being near public transportation and with highway access via I-90. The surrounding area includes local dining and retail, and the offering is positioned close to Harvard University and Boston University campuses, supporting steady rental demand.
This is a three-unit income property well-suited for investors seeking Boston-area multifamily exposure with an in-place improvement in unit 3 and opportunities to modernize the remaining units.
Key Highlights
- Brick three‑unit (3‑fam) property built in 1905
- Unit 3 is recently renovated
- Units 1 and 2 are TAW's
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 5.69%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,800 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,132 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,248
Businesses Nearby
Explore this area
Business Placement
Demographics for 02134, MA
21,707
Population
9,027
Households
2.4
Avg Household Size
27
Median Age
76%
College-Educated
96%
High-School Grad
1.2 sq mi
ZIP Area
18,089
Density / Sq Mi
$75,317
Median Household Income
$49,275
Median Earnings
$2,269
Median Rent
$586,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Brick 3-unit property built in 1905, with a recently renovated unit 3 and units 1 and 2 as TAW's.
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 $1,680,000.
What are key features of this property?
This property features: Brick three‑unit (3‑fam) property built in 1905; Unit 3 is recently renovated; Units 1 and 2 are TAW's
