Three-Unit Brick Residential
For Sale
$1,565,000
251 Cambridge, Boston, MA 02134
Three-unit brick multifamily with a recently renovated unit 3 and tenant-at-will units 1 and 2.
Property Size3,780 SF
Price / SF$414.02
Days on Market176
Property Features for 251 Cambridge
General Information
Standard status
Active
Size
3,780 SF
Property subtype
Multi-Family
Zoning
0105
Net Operating Income
$89,571
Taxes and HOA fees
Annual Taxes
$15,564
Building Details
Building Size
3,780 SF
Year Built
1905
Stories
3
Listing Agency:
City Realty Group
(617) 751-5119
Listed By:
Sean Rose · License #9567526
(617) 997-8351
Source:
Churchillprop
Added: Apr 29
Changed: Oct 15
Last Checked: Oct 20 at 7:08PM
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
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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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,518
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,910,360
$1.9M
Cap Rate 7%
$1,364,543
$1.4M
Cap Rate 9%
$1,061,311
$1.1M
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$142.9K $37.80/SF
− Vacancy
−$6.4K −$1.70/SF
EGI
$136.5K $36.10/SF
− OpEx
−$40.9K −$10.83/SF
NOI
$95.5K $25.27/SF
Area
Boston, MA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,910,360
Cap Rate 7%
$1,364,543
Cap Rate 9%
$1,061,311
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,518 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,800 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,132 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,501
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
Check the figures for this property
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?
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 $1,565,000.
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)
